Client Due Diligence Analyst

Bank ABC seeks to recruit a Client Due Diligence Analyst in the Group Wholesale Banking Middle Office Department based in our Head Office, in Bahrain.

The primary responsibility of this role is to assist the department in providing best in class shared services envisaged under Wholesale Banking Middle Office (“WBMO”) Client Due Diligence function. The job holder is required to always maintain the highest levels of quality and service.

Responsibilities of the role:

Reporting to the Team Leader – Client Due Diligence, the job holder will be responsible for:

Delivering support solutions to the WB coverage and product teams. Specifically, assist the unit in the core deliverables of the Client Due Diligence (CDD) unit within the Wholesale Banking Middle Office function through meticulous and timely processing of client onboarding and maintenance/renewals of existing clients, focusing on the following:

• New-to-bank Customer on-boarding by preparing the onboarding pack include all mandatory customer identification and verification as per the bank’s internal and CBB’s requirements
• Ensure the KYC/CDD is processed as per bank’s financial crime policy and CBB’s guidelines
• Screening customer and related parties “management, directors & ownership/UBO for sanctions and adverse media including discounting of hits if any.
• Processing of all CDD’s on bank’s digital platform as maker function.
• Identification and verification of Controllers - Calculating ownership though “Dilution” of ownership up to 20 or 10% of the shareholders as per requirement
• Identification and verification of Beneficial Owners - Calculating ownership though “Dilution” of ownership up to Ultimate Beneficial Owners.
• Preparation of Deferrals where required from Compliance & ensure its closed on the agreed due date.
• Submission of Account Opening documentation & Digital on-boarding as part of the onboarding pack – review & ensure the completeness of the pack.
• Perform periodic, amendment and trigger-based reviews.
• Always ensure that client information is complete, and current, and is maintained, stored, accessed and used in accordance with the Unit/departmental procedures.
• Performing all tasks in the capacity of a Maker.
• Escalating risks/issues through Checker and line manager as applicable for timely resolution.
• Update department dashboard in good order.
• Serving as a central point of client interactions by handling, and escalating day-to-day administrative queries and complaints, as appropriate, by liaising with various stakeholders.
• Partaking planned and adhoc departmental projects.
• Sticking to expected KPI’s and processing turnaround time

Areas of Knowledge, Qualification and Experience

• 0-2 years’ experience in a similar function, compliance or audit with large regional or global financial institution(s).
• Exposure to banking regulations
• Suitably educated, preferably with a bachelor’s degree in commerce/finance.
• Job related professional qualifications would be an added advantage
• Ability to escalate issues/problems to checker / line manager and get along with people amicably.
• Fair knowledge on the concept of KYC.
• Fair understanding of AML and Operations management.
• Fair understanding of Wholesale banking products.
• Some working knowledge of Financial Crime, Compliance and Banking terminology.
• Solid computer skills with capability to use spreadsheets, graphic and presentation packages to review and create professional materials