KYC Analyst

Role Overview

An essential role in ensuring the groups adherence to compliance requirements and industry legislation regarding sanctions, AML, ABC, and CTF reporting to the Deputy Head of Compliance. This role works with the business to process requests for due diligence on all new and existing counterparties, intermediaries, and service providers (including vessels). This role demands knowledge of global sanctions regimes and experience in using due diligence software and screening tools to manage ongoing monitoring of red flag alerts.

This role will be on a fixed term employment of 18 months under the direct payroll of the company. Employees who successfully complete the tenure with good performance receive an end of tenure bonus.

Key Responsibilities & Tasks

• Conduct Due Diligence and Know Your Customer (KYC), including Sanctions, AML, ABC, and CTF checks for the onboarding of new counterparties, and refresh/ ongoing monitoring for pre-existing counterparties as part of the ED&F Man Group Sanctions & Due Diligence policy and procedures.
• Perform screening by reviewing counterparty documentation, trade capture data, and external screening tools and validating the information obtained on the counterparty using a variety of independent research sources.
• Perform data quality review of KYC requests for completeness, including ensuring all appropriate information is contained in the KYC to meet all regulatory, legal, bank and audit requirements.
• Process all outgoing KYC requests for stakeholder banks and clearing brokers.
• Execute and review negative media alerts from client screening and escalate where necessary.
• Understand sanctions risks, AML, ABC and anti-tax evasion requirements, documentary red flags and approaches to mitigate risk during due diligence checks.
• Perform additional due diligence on high-risk counterparties, or where a red flag has been raised.
• Maintain detailed records on counterparties for second-level review, and internal audit/ external regulatory inspection.
• Liaise with counterparties, Front Office, Credit, Legal and Operations as necessary as part of the KYC process.
• Support process documentation exercise for all future regulatory changes and process improvements within the scope of KYC/ AML.
• Prepare management information on number of counterparties screened, timeliness of screening, red flag rates, approval, and rejection rates for Deputy Head of Compliance.
• Continuously develop knowledge of Sanctions, AML, ABC, CTF and anti-tax evasion related regulations.

Skills and Experience

• At least 2 years proven experience in a due diligence/KYC role within commodities physical trading ESSENTIAL, preferably agricultural soft commodities although other commodities might be considered.
• Experience of working with industry standard GRC software (such as Lexis Nexis, Refinitiv, Thomson Reuters) and screening tools (Dow Jones, Dun & Bradstreet, BvD) – BENEFICIAL
• Excellent communication and interpersonal skills.
• Analytical mindset with the ability to translate regulatory requirements into practical solutions.
• Proficiency in strategic analysis.