Ongoing Due Diligence Analyst Edinburgh (GB)

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit

The Client Onboarding Function plays an important role in acting as a link between Front Office and Operations by assisting both areas to meet the client’s needs during the client onboarding lifecycle 

This team is directly responsible for client on-boarding which includes all aspects of data entry and creation within relevant systems and critical client due diligence checks

Brief Role Objective:

• The Client Onboarding Function plays an important role in acting as a link between Front Office and Operations by assisting both areas to meet the client’s needs during the client onboarding lifecycle
• This team is directly responsible for client on-boarding which includes all aspects of data entry and creation within relevant systems and critical client due diligence checks

Key Responsibilities:

• Undertaking periodic AML/KYC client reviews in accordance with the periodic review schedule including:
  • Complete review of client due diligence to ensure the documentation and information collected is accurate and ensuring they are in line with our group policy and compliant with local regulatory guidelines set by the FCA and JFSC AML/CFT Handbook, including checking ID&V
  • Ensure that our files are compliant with all applicable regulatory and AML/CFT requirements
  • Perform screening of relevant individuals and entities using SmartSearch/LexisNexis/Google
  • Review recent transactional activity against client profiles
  • Review the Structure Chart of accuracy to ensure all parties are noted on files/systems
• Liaise with the Investment Manager/Assistant to ensure all action points are addressed, remediated and documentation/information is obtained in a timely manner, obtaining fresh documents is expired/missing
• Review Investment attestation on client circumstance
• Perform Risk Grading review and be able to interpret information relating to H/M/L CDD risk factors
• Manage and maintain the periodic review tracker and update management of progress, ensuring that targets are met at all times and quality outputs delivered
• Managing allocated workloads and pro-actively take on additional responsibilities and administration tasks, as required by your manager

Key Skills and Technical Requirements:

• Strong working knowledge of AML/CDD requirements - The ideal candidate will be ICA qualified in AML and have at least three years’ experience in a similar role.
• Attention to detail is essential.
• Ability to work effectively both independently and as part of a team.
• Strong time management and organisational skills with an ability to meet deadlines.
• Good communication skills and the ability to work well in a team are important for collaborating with colleagues and providing feedback on documents.
• Competency in Microsoft packages. Training will be provided for other in-house programs, as required.
• Good knowledge and practical experience of current industry AML/CFT handbook legislation, regulation and operating working practices is essential.