Politically Exposed Persons (PEP) Files Review – Major UK Private Bank
Provided subject matter experts in KYC / AML / PEP to augment and support our client’s existing CDD Remediation Operations staff to review information held for UK-based PEPs, as part of the client’s bank-wide due diligence programme
- Applied standards and processes for the completion of Medium / Low Risk PEP technical reviews for c800 – 1100 UK-based clients and ensured the verification and correct sign-off of all due diligence / identification / KYC documentation relating to existing clients
- Acted as technical KYC/AML experts and provided support and specialist advice to all client groups and regional offices
- Reviewed colleagues' files to ensure uniform standards were applied and assessed the quality of work on the unit
- Liaised directly with Bankers, AML officers and senior executives to complete process documentation and secured sign-off for all completed reviews
- Reviewed KYC documentation, confirming origins of funds, investment objectives and how the individual client was introduced, ensuring that the contents of meeting notes tallied with what was included in the file and made risked-based decisions on suitability of file
- Ensured adherence to regulatory framework, compliance, control, regulatory training & competency, documentation & risk management
- Identified Source of Wealth / Income / Funds and ensured sufficient documented evidence was provided in line with policy
- Analysed ownership structures / contractual relationships of complex / layered entities and identified the ultimate beneficiaries and controlling authorities
- Challenged key stakeholders and ensured that an appropriate regulatory outcome was achieved whilst maintaining the business relationship
- Liaised with Front-line staff, Operations Management, Financial Crime Team and senior executives
- Assisted with the building-out of the department by training newly-hired permanent staff in KYC / AML / PEP client case review procedures and migrated the BAU work to the new department in a controlled fashion
Malcolm Clark
Director and co-owner
Malcolm has over 35 years of financial services recruitment and management consulting experience. After graduating from the University of Exeter in 1989, he initially worked in the accountancy and media sectors before moving into the recruitment industry in the early 1990s. As an investment banking operations and change management specialist, he has worked with some of the world’s leading financial services institutions across the globe.
Malcolm moved into management consulting in 2013.
Martin Perkins
Director and co-owner
Martin has over 35 years financial services logistics experience with 21 of those years spent in investment banking operations. The majority of his career was spent at UBS, where as a Director, he managed a number of departments including: Cash Management, Equity Derivatives Middle Office and Settlements, OTC Equity Control, BAU Process Change, Credit Derivatives Settlements and the cross-asset class ISDA OTC Documentation area.
Martin moved into financial services recruitment in 2006 and management consulting in 2013.
Julian Crow
Director
Julian has over 30 years of financial services recruitment and management consulting experience. After graduating from the Newcastle Business School in 1994, Julian initially worked in the FMCG sector before moving into the recruitment industry in 1996. As an investment banking, asset management, finance and change management specialist, he has worked with some of the world’s leading financial services institutions in the UK, US and Asia.
Julian moved into management consulting in 2013.