1122
Registration number: 40203338472
- Details
- Highlights
- Company
The Company: Weavepay, a distinguished UK Electronic Money Institution authorised and regulated by the Financial Conduct Authority (FCA), is at the forefront of revolutionising international payment solutions. Our primary mission is to streamline and improve cross-border transaction processes for both individuals and businesses. Presently, we proudly serve over 500 companies, facilitating the annual processing of transactions worth more than £250 million across over 160 destinations worldwide.
Job Overview: We are seeking a meticulous and professional KYC and On-Boarding Analyst to join our dynamic compliance team. This role involves rigorous assessment and verification of new client information, ensuring all on-boarding procedures meet the strict regulatory standards set by the FCA and other international regulatory bodies.
Responsibilities:
- Perform thorough KYC checks on all new clients to verify their identity and assess their risk profile. Conduct in-depth identity verifications and risk assessments for each new client using advanced verification tools and databases to ensure they meet UK and international compliance standards. Analyse the potential financial and reputational risk associated with onboarding new clients, focusing on adherence to Anti-Money Laundering (AML) regulations and Counter-Financing of Terrorism (CFT) laws.
- Review and verify client documentation for authenticity and completeness in accordance with regulatory requirements. Scrutinise all received documentation, such as passports, proof of address, and company registration papers, to confirm their authenticity. Ensure all documents are complete, up-to-date, and stored securely. Verify that all client information adheres to the Financial Conduct Authority (FCA) regulations as well as other relevant international compliance frameworks.
- Maintain up-to-date knowledge of regulatory changes and updates related to KYC, AML, and CFT. Continuously update personal knowledge and understanding of changes in KYC, AML, and CFT regulations through regular training, webinars, and by subscribing to regulatory bulletins. Ensure compliance practices are aligned with the latest laws and guidelines issued by regulatory bodies like the FCA, European Banking Authority (EBA), and others.
- Handle client inquiries during the on-boarding process, providing clear and professional guidance. Act as the primary point of contact for clients throughout the onboarding process, addressing any questions or concerns they may have. Provide explanations of the necessary steps, documentation required, and the reasons behind each compliance measure, ensuring a smooth and transparent client experience.
- Conduct regular reviews of existing client profiles to ensure continued compliance and update records as necessary. Periodically reassess existing clients to ensure their profiles are up to date and compliant with the evolving regulatory landscape. Update client records with any new documentation or changes in their risk profile and manage this information within WeavePays secure data systems.
- Provide training and support to new staff members on KYC processes and best practices. Develop and deliver comprehensive training sessions to new compliance and onboarding staff, covering all aspects of KYC procedures and best practices. Mentor new employees to ensure they are proficient in WeavePays standards and regulatory requirements.
- Develop and maintain a secure and organized system for managing client documentation and information. Establish and maintain a robust data management system that ensures all client documentation is stored securely and can be accessed efficiently. Implement data protection measures to safeguard sensitive information against unauthorized access and data breaches.
- Prepare regular reports for management on the status of new and ongoing client onboarding. Compile detailed reports presented to the Chief Compliance Officer that track the progress and status of client onboarding, highlighting any issues, risks, or delays. These reports help management monitor the effectiveness of onboarding processes and make informed decisions about potential improvements.
Requirements:
- Proven experience in KYC, AML compliance, or similar roles within financial services for at least 3 years.
- Strong understanding of FCA regulations and compliance requirements.
- Professional qualification from ICA / ACAMS is a plus.
- Excellent interpersonal and communication skills.
- Detail-oriented with high organisational skills.
Additional Notes: This role requires the successful candidate to work at our office location five days a week.
€
2000 - 3000
Location
- Rīga, Latvia
Time of work
- Full-time
Contact person
Weave SIA
Weave SIA
Weavepay, a distinguished UK Electronic Money Institution authorised and regulated by the Financial Conduct Authority (FCA), is at the forefront of revolutionising international payment solutions. Our primary mission is to streamline and improve cross-border transaction processes for both individuals and businesses. Presently, we proudly serve over 500 companies, facilitating the annual processing of transactions worth more than £250 million across over 160 destinations worldwide.
Registration number: 40203338472
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