1st line AML Analyst, Business Integrity and Corporate Governance – Impact Team

About BII

British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential. 

It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people. 

In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.

BII at a glance

75 years supporting sustainable business growth in developing and emerging markets

£8.1 billion in net assets

1,400+ businesses invested in

950,000 workers in the businesses we support

£9 billion in new investments planned in the next 5 years

600+ people in our diverse global team

3 key development objectives: Productive jobs-near-me.org Sustainable jobs-near-me.org Inclusive

Team and role overview 

BII’s Business Integrity and Corporate Governance (BI & CG) team plays an important role in reinforcing BII’s reputation as a responsible investor and ensuring BII meets its regulatory commitments with respect to the UK’s Financial Conduct Authority. AML/CDD responsibilities sit within the BI &CG team as a first line risk management function and AML Analysts will form part of a newly formalised structure within the team, working closely with the Business Integrity and Corporate Governance investment leads. 

The AML Analysts play an important role in ensuring BII meets its Anti-Money Laundering and Counter Terrorist Financing regulatory commitments with respect to Know Your Customer (KYC). In this capacity the Analyst provides a range of financial crime operational services, including financial crime customer due diligence support, KYC onboarding checks, remediation and refresh, sanctions screening and alert investigation support. In addition to working alongside Business Integrity and Corporate Governance leads on obtaining and refreshing KYC documentation, supporting customer due diligence activities and managing screening hits, the AML Analysts will also be a key liaison function with the 2nd line Financial Crime Compliance team on KYC/CDD matters. 

Purpose 

You will support BII’s BI & CG team by identifying and assessing financial crime and integrity risks in the investment pipeline and portfolio, primarily through KYC/CDD related activities.

Responsibilities 

• Liaison and collection of KYC documentation for counterparties to BII transactions, including initial review to ensure these documents fulfil BII’s request and meet our AML/CFT regulatory requirements
• Assisting with the KYC/CDD periodic review process, to ensure effective liaison with 2nd line and timely completion of KYC/CDD by Business Integrity deal leads
• Producing key statistics and metrics to provide visibility on periodic reviews and identifying areas for improvement
• Provide support to Business Integrity leads on complex structures or unusual investment contexts to meet our identification and verification requirements; liaise with FCC as appropriate on complex KYC onboarding or periodic refresh updates.
• Vetting the positive and false positive screening alerts relating to investees, obligors and trade transactions and recording the information in the relevant system for on-going monitoring, alongside Business Integrity deal leads where positive matches are identified
• Supporting on KYC/CDD-linked research tasks
• Escalating adverse media, regulatory watchlist, PEP and Sanction screening alerts as required to the Business Integrity deal leads
• Supporting KYC Files Remediation
• Supporting in analysis and reporting key risk metrics relating to 1st line AML/KYC controls
• Providing high quality administrative support – managing data maintenance and record keeping

The candidate 

Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous roles. 

Background, skills, aptitude 

• Good working knowledge and experience of the UK Money Laundering and Terrorist Financing Regulations, Sanctions regulations and the JMLSG Guidance Notes.
• Must have detailed knowledge and suitable experience of KYC/CDD requirements for UK regulated financial institutions, with experience in handling AML/CFT/KYC related matters in a UK regulated financial institution that manage institutional clients (either from investment management / private equity / investment or commercial banking etc.)
• Knowledge of a range of financial crime methodologies, tools and techniques including AML regulatory screening software such as Dow Jones, LSEG/Refinitiv, ComplyAdvantage etc
• University degree or relevant professional qualifications in a relevant discipline
• Self-motivated to provide a professional level of expertise and administrative support
• Strong attention to detail, proactive and organized
• Ability to collaborate well across multiple teams, departments and locations and build rapport with key internal and external stakeholders and compliance colleagues
• Ability to anticipate risk and react/escalate appropriately
• Experience in cleansing, analysing and summarising financial crime/regulatory data
• Systematic approach to work with an attention to detail
• Highly motivated and outcome-driven
• Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders.
• Enjoy working as part of a team, collaborating and be willing to support the team on a variety of different initiatives and tasks
• Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous experience
• Knowledge or experience of financial crime regulations and AML/KYC operations in emerging markets is preferable
• Knowledge of a South Asian language and/or French.

Our cultural values 

We look for team members who aspire, as we do, to work at our best and to be: 

• Impact-led, commercially rigorous
• Tenacious in the face of challenges
• Collaborative and caring

British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background. 

Please provide a cover letter with your application 

Salary: Competitive 

Read Full Description