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Client Documentation Specialist

  • Location

    West End, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £45000 - £50000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDCDS01_1574450062

  • Published:

    22 days ago

Prestigious Private Bank in the West End are looking to hire a Client Documentation Specialist. As part of the Client Documentation and Tax Services Department, the Client Documentation Specialist is a key element to ensure the quality and the accuracy of the client's data at any stage of the banking relationship in terms of "Know Your Customer" rules imposed by local or international regulations or conventions, especially in a more and more strict and complex environment.

Main responsibilities for the client documentation specialist will include;

  • Review the documentation received from the clients for an account opening, an update on an existing account or an account closing and verify that it complies with the local regulations (e.g. CDB16) and the Bank's directives and procedures from (i) a formal point of view (e.g. the correct version of the document is signed, all the required fields have been completed) and (ii) that the information stated is consistent with the KYC documents provided (IDs, corporate documents, etc…)
  • Verify, depending on the client's situation (type of structure, country of residence/incorporation), that the relevant set of documents has been provided from a KYC and tax perspective (e.g. appropriate CDB form and corporate documents depending on the structure, relevant W forms for US tax purposes, CRS self-certification, tax compliance certification)
  • Verify that the information entered in the Bank's systems by the Front Office is complete according to the documentation signed
  • Ensure a good quality of service by providing an accurate feedback to the Front Office on any error, missing document and answering in a timely manner to any query related to his/her mission and duties
  • Act as a business partner by bringing his/her expertise and the relevant support and input to the other departments of the bank (Front Office, Compliance, Legal…) when required (on a complex situation, on the implementation of new regulations or bank's decisions, new projects)

To be considered for this position ideal candidates must have strong knowledge of KYC and AML regulations (CDB16, OBA-FINMA) and strong knowledge of tax regulations (CRS, QI-FATCA) & documentation

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