Onboarding Enhanced Due Diligence Analyst - Whippany, United States - Barclays

Barclays
Barclays
Verified Company
Whippany, United States

3 weeks ago

Mark Lane

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Mark Lane

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Description

Onboarding Enhanced Due Diligence Analyst

Whippany, NJ


As a Barclays Onboarding Enhanced Due Diligence (EDD) Analyst, you will operate within the CMS framework and will primarily be responsible for performing Due Diligence beyond what is performed by the KYC Team for customers with high-risk indicia.

You will be analysing and advising on the risk presented by high-risk customers.

This is an exciting opportunity to work as the first line of defence and work closely with Financial Crime to ensure the proper governance of high risk customers at onboarding and refresh.


Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation.

We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted.

An important and growing presence in the USA, we offer careers providing endless opportunity.


What will you be doing?

  • Writing comprehensive EDD Report covering the key risks identified for the client and the extent to which these risks can be mitigated
  • Providing other noteworthy information on the client's risk profile plus whether any gaps or material concerns were found
  • Commenting on the individuals associated with the corporate entity i.e. Politically Exposed Person (PEP)
  • Researching and analysis of complex financial crime AML news
  • Carrying out additional screening as may be required to enhanced levels
  • Having knowledge of corporate governance structures and being able to comment on the risks and the evidence obtained
  • Understanding and verifying Source of Wealth, in depth Nature of Business analysis and Source of Funds
  • Summarizing the report, writing up findings and how risks can be mitigated, or actions that need to be carried out to protect the bank

What we're looking for:


  • One to three years of experience in financial services
  • One year of experience in Compliance or Financial Crime in a large global financial institution or one year experience in Know Your Customer, Due Diligence, or EDD
  • Experience in and wide understanding of AML, Sanctions, governance and regulatory control frameworks and best practices
  • An understanding of the Investment Bank and the products it offers

Skills that will help you in the role:

  • Having held an Advanced EDD role previously, or having worked in a risk consulting background would be a plus
  • A CAMS or ICA AML qualification would be a plus
  • Knowledge and understanding of the risk associated with Special Customer Types (PEPs, MSB, Gaming etc) and AML Red flags
  • An awareness of current market issues and industry developments, in particular within AML Regulatory environment

Where will you be working?
Our next-generation workplace in Whippany allows talented, passionate, down-to-earth colleagues to connect daily.

With state-of-the-art work facilities and many added features like pool tables, cafés and a gym - it's a place you can call home.

Our office is minutes away from Morristown, known for its rich history and lively modern spirit.

With bustling Manhattan easily accessible and a picturesque landscape here on the doorstep, Whippany really does offer the best of both worlds.

LI-Hybrid
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