Customer Due Diligence Team Lead

Job Description

Clear Street is seeking a Customer Due Diligence (CDD) Team Lead to bolster its financial crime risk management framework in London. The CDD Team Lead will work with the MLRO and the DMLRO to ensure that risk-based customer, counterparty and vendor KYC is undertaken in accordance with legislative, regulatory, best practice and internal standards.

The role involves conducting and supervising reviews at the onboarding stage, at periodic refresh and following a trigger event. It will also involve providing guidance to CDD team members in relation to how more complex situations should be addressed and will also involve the authority to approve KYC for a number of account types.

Responsibilities:

• Undertake and supervise counterparty outreach to obtain necessary CDD documentation.
• Undertake and supervise desk-based reviews to obtain counterparty CDD documentation.
• Undertake and supervise counterparty screening to identify alerts for politically exposed persons, sanctions matches and adverse media.
• Allocate and challenge counterparty risk ratings.
• Undertake and supervise client categorisation under MIFID II.
• Keep up to date with developments in CDD legislation, regulation, best practice and internal requirements.
• Suggest enhancements to internal CDD processes and procedures.
• Liaise with the Business to provide updates on the status of individual CDD reviews.
• Provide management information on the progress of individual CDD reviews.
• Undertake ad hoc projects to support the overall financial crime and CDD control framework.
• Guide CDD team members, and CSUK employees, on relevant CDD requirements.
• Approve KYC files completed by others.

Requirements:

• Five years of experience in a CDD role within the wholesale financial services industry.
• Solid understanding of UK and international financial crime legislation, regulation and best practice.
• Experience of onboarding complex and high-risk clients.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office Suite.
• Experience of working with screening software such as World-Check.

Clear Street offers:

• Competitive compensation packages
• Company equity
• Pension
• Gender neutral parental leave
• Full medical and dental insurance