KYC Analyst jobs in United Kingdom
What Is KYC in Financial Crime?
In the financial services world, the concept of KYC stands for Know Your Customer. In simple terms, KYC refers to the processes and controls firms in the financial services industry put in place to truly understand who their customers are and, most importantly, what type of financial activities they are engaged in.
What Does KYC Imply in Financial Services?
In short, this means that companies around the world will have to confirm the identity of their customers before and during their entire business relationship. The numerous processes implemented usually aim to verify one's identity, but also their risk tolerance, investment knowledge, financial position and so on.
KYC is a crucial part in the financial crime sector as this process usually alerts firms if a potential or current customer is involved in financial crimes such as money laundering, bribery, corruption or even terrorism financing.
What Does a KYC Analyst Do?
The typical KYC Analyst job in London will involve some key elements in relation to the onboarding process for new clients. Whilst the job's detailed duties may vary from firm to firm, you will often find the below responsibilities in any KYC Analyst job description.
Overseeing the KYC process for new clients
Performing risk evaluations
Completing due diligence
Completing KYC quality checks
Investigating AML compliance issues and completing follow ups
Working closely with the MLRO and alerting them for any non-compliant areas of a business
Managing PEP logs
Where to Find KYC Analyst Jobs in London?
If you want to secure a KYC position in the UK capital, you should start by finding out which recruitment firms in the city specialise in financial crime, and more specifically in KYC jobs.
The United Kingdom - particularly London - is known for its buoyant recruitment industry: with more than 27,000 recruitment agencies in the UK, it is incredibly important to find out upfront which ones are best suited for you professional goals.
Whether you are seeking wider KYC contract jobs or specific KYC Analyst jobs in London, you should always start by researching which agency specialises in your field.
Finding a KYC Recruitment Firm
There are numerous financial crime recruitment firms in the market, such as Rutherford, which will always have an array of KYC analyst jobs in London and the wider UK. Once you have identified the ones that are best aligned with your professional objectives, get in touch with the Recruitment Consultants who specialise in KYC jobs specifically. They will be able to assess which KYC jobs are a good fit with your background.
Discover Rutherford's KYC Jobs and Specialist Consultants
Whether you are seeking overall KYC jobs in London or more specialist ones such as KYC Analyst jobs or KYC Contract jobs, then get in touch with Rutherford's specialist recruitment Consultants as they have privileged relationships with renowned financial services firms.
It's important to note that Rutherford also recruits in and around the UK, for example our headhunters have placed KYC jobs in Edinburgh and KYC Analyst jobs in Manchester. Get in touch with them today and discover what jobs they are currently overseeing.
KYC Analyst Jobs - London
If you are actively looking for KYC jobs within financial crime, head over to our current vacancies and peruse your options.
Alexia Brodie Cooper
The United Kingdom is the amalgam of Great Britain (which comprises England, Wales and Scotland) and the northern portion of Ireland. Its capital, London, is known as Europe's financial hub, and one of the world's most cosmopolitan cities. The United Kingdom is also known for other major cities, like Birmingham, Liverpool, Manchester, Belfast, Edinburgh, Glasgow and Cardiff.
The UK has made significant contributions to the world, most of them being cultural. Literature, theatre, musicals, film, television, music - many big names in these fields are from the United Kingdom.
Financial Services Sector in the UK
The United Kingdom - and more specifically, its capital London - has always been considered a world financial hub. Its financial services sector is quite massive: in 2018, it contributed £132 billion to the overall UK economy. It is known to be London's largest sector, with 1.1. million jobs in 2018. The city is also known for its huge amount of foreign banks: in the beginning of the 20th century, London had more foreign banks that any other city in the world.
Traveling and getting around the UK is easy for anyone, thanks to its extensive and efficient public transport system, which allows you to go anywhere in the blink of an eye. Because the country is relatively small, journey times are always reasonable: for example, getting from London to Edinburgh is a 4-hour journey if you decide to take the train.
In major cities like London or Manchester, you will also find an extensive public transport system, which includes bus, tube, train, boats, and other alternatives. Getting from one point to another is extremely easy, especially if you have a traveling application like Citymapper or Google Maps on your phone to help you find the fastest - or cheapest! - journey.