Line of Service
Advisory
Industry/Sector
Not Applicable
Specialism
Risk
Management Level
Senior Associate
Job Description & Summary
A career in our Advisory Acceleration Centre is the natural extension of PwC’s leading class global delivery capabilities. We provide premium, cost effective, high quality services that support process quality and delivery capability in support for client engagements.
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.
As an Associate, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:
SKILLS
- Understanding and implementation of KYC standards, guidelines, policies and procedures
- Handling and maintenance of confidential client documentation
- Collection and verification of confidential client data via publicly available and internal sources
- Understand the firm’s KYC requirements when completing documentation inclusive of Customer Identification Program (CIP), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Compare and contrast differences within KYC records, highlight and escalate any discrepancies
- Review of client data/processes to meet firm wide quality standards
- Experience or knowledge in AML/KYC, gained within investment or corporate banking, trust and charities
- Experience or knowledge of reviewing complex structures, PEPs and/or Sanctions screening
- Experience of using approved KYC vendor sources (e.g. Dun and Bradstreet, Companies House, and others)
RESPONSIBILITIES :
- Conduct customer due diligence and high-risk reviews according to the bank’s BSA/AML policy and procedures.
- Prepare and present written reports of high-risk reviews including results and recommendation for customer onboarding, closure or retention decisions
- Review, investigate, and understand organizational structure and assist in determining ownership and control parties to identify all ultimate beneficiaries and potential politically exposed persons (PEPs)
- Ensure that decisions to retain or exit a customer relationship align with supporting documentation submitted for each high-risk customer type, and with appropriate research conducted during the high-risk review process
- Implement, perform and document assigned customer verification reviews; performs and conducts compliance screening for PEP, sanctions and adverse news based on detailed procedures and processes. Identifies issues, escalates to management for resolution and formally documents findings
- Use sound decision-making and discretion in making decisions that mitigate corporate risk at each decision point throughout the investigation
Education (if blank, degree and/or field of study not specified)
Degrees/Field of Study required:
Degrees/Field of Study preferred:
Certifications (if blank, certifications not specified)
Required Skills
Optional Skills
Desired Languages (If blank, desired languages not specified)
Travel Requirements
Not Specified
Available for Work Visa Sponsorship?
No
Government Clearance Required?
No
Job Posting End Date
August 26, 2022