Description
We are seeking an Operations Analyst Enhanced Due Diligence/Exits to join our team at Barclays in Chennai.
The purpose of this role is to complete EDD/Exits cases, which includes day-to-day processing, reviewing, reporting, trading, and issue resolution.
Responsibilities:
- Support day-to-day Enhance Due Diligence (EDD)/Exits initiatives including processing, reviewing, reporting, trading, and issue resolution.
- Execute EDD reviews on high-risk customers to maintain compliance with regulatory requirements and policies.
- Execute exit reviews on customers who are having their accounts closed to mitigate risk, aligned to compliance and internal policy.
- Collaborate with teams across the bank to align and integrate EDD and exit processes.
- Identify areas for improvement and provide recommendations for change in EDD and exit processes.
- Develop and implement issue resolutions relating to any inefficient controls.
- Develop reports and presentations on EDD and exit performance and communicate findings to internal senior stakeholders.
- Participate in projects and initiatives to improve EDD and exit efficiency and effectiveness.
Analyst Expectations:
- Perform prescribed activities in a timely manner and to a high standard, consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise.
- Thorough understanding of the underlying principles and concepts within the area of expertise.
- Lead and supervise a team, guiding and supporting professional development, allocating work requirements, and coordinating team resources.
- Demonstrate a clear set of leadership behaviors to create an environment for colleagues to thrive and deliver to a consistently excellent standard.
Desirable Skills:
- Experience supporting financial crime prevention activities, including identifying and assessing potential financial crime risks.
- Practical experience conducting Enhanced Due Diligence reviews, analyzing customer information, and documenting risk-related findings.
- Experience reviewing transactions and identifying unusual or potentially suspicious activity that may require further investigation.
- Strong written and verbal communication skills, with the ability to clearly document findings and communicate effectively with relevant stakeholders.
Essential Skills:
- Conduct thorough due diligence to identify PEPs, their family members, and close associates as part of the client onboarding process or periodic reviews.
- Assess and monitor high-risk individuals or entities across all business lines and ensure comprehensive records are maintained.
- Utilize external databases, watchlists, and other sources to identify PEPs and high-risk clients.
- Perform EDD on PEPs and high-risk clients, including gathering, analyzing, and verifying information about the client's background, sources of wealth, business activities, and other risk factors.
- Analyze and assess potential money laundering, terrorist financing, and other financial crime risks associated with PEPs and high-risk clients.
- Prepare risk assessments and provide recommendations on how to mitigate or manage risks within the organization's risk tolerance.