Prestigious Private Bank based in the West End of London, are looking to recruit a Private Banking VP to come onboard, to manage the Private Banking Assistant team and be involved in KYC.

Main responsibilities will include;

• Team management responsibilities, including allocation of work and ensuring that the team meets training and competence requirements
• Quality control for new account submissions
• Review of new client files for quality and accuracy. This includes checking that all the forms (internal as well as client-facing) are correct and completed in full as well as making sure that CDD and EDD documents (including certifications) meet the Bank's requirements
• Ensuring the CRA (Client Risk Assessment) and Due Diligence has been accurately documented
• Review of corporate documentation and/or trust documentation to ensure they are in line with policy
• Review of source of wealth information for plausibility, and checks on whether the appropriate background checks and screening have been carried out and summarised/mitigated
• Changes to static data e.g. address updates, changes in signatories, etc., in the banking system as required and post account approvals
• Assist team members in how to identify and resolve clients' queries and complaints. Ensure that the due process for logging and resolving client complaints is followed where necessary
• Assisting in/managing ad-hoc projects to remediate data, improve existing processes and procedures, or to rollout new processes
• Ability to prepare, send out and submit account opening forms and periodic reviews, to London and other centres within the bank, together with the Relationship Managers/Bankers
• Ability to support the Relationship Managers/Bankers on all client related requests, including but not limited to, transfers, placement of fixed deposits and entering of trades on an execution only basis
• Monitor and deal with any relevant issues raised by Compliance Monitoring

To be considered for this position, ideal candidates must have the following experience and skills;

• Experience in a Front office / client-facing role and applying KYC requirements
• Sound knowledge of banking and operational procedures
• Proficiency in MS Office (Word, Excel and Outlook)
• Self-starter and solutions oriented - focus on what can be done rather than simply raising issues, demonstrating the ability to be creative and think out of the box to find solutions
• Ability to look at matters in perspective without making a big issue of problems
• The ability to get on well‎ with stakeholders is critical - seeing matters‎ from another person's perspective
• Demonstrate flexibility and breadth of responsibility that working in a smaller organisation requires, based on a "roll your sleeves up" approach
• Hard working but with the ability to work in a smart manner, by constantly reviewing the prioritisation of tasks and not getting frustrated with the dynamic environment
• Attention to detail and excellent written and verbal communication skills