About this role
Overview of the role The KYC Onboarding Associate (Funds) is a vital first line role within our organisation, responsible for supporting onboarding for clients introduced by the UAE entity to our Group UK entity, with a particular focus on funds and responsible for onboarding UAE clients. This position requires a high level of diligence, analytical skills, and previous KYC/KYB onboarding experience with funds. The ideal candidate will be proactive, detail-oriented, and committed to maintaining the highest standards of compliance and risk management.
- Collect and review KYC/KYB documents for UAE-incorporated clients onboarded by our UK group entity, with a particular focus on funds.
- Handing over to UK Onboarding for approval and account opening.
- Conduct end-to-end onboarding of DIFC clients, with particular focus on funds.
- Act as liaison between the client, the DIFC Sales team and UK Onboarding until the account goes live.
- Conduct thorough and accurate client due diligence (CDD) and enhanced due diligence (EDD) checks in accordance with AML/KYC regulations, using the relevant screening tools.
- Identify and verify ultimate beneficial owners and controllers across fund structures, including general partners, management companies, investment managers and fund administrators.
- Ensure all onboarding processes adhere to regulatory and compliance standards.
- Review and verify documentation to ensure compliance with internal policies and regulatory requirements.
- Identify and escalate high risk cases, potential risks or red flags to the CO/MLRO.
- Act as the first point of contact for KYC-related queries, providing timely and professional responses to clients.
- Communicate effectively to obtain required documentation and clarify requirements with clients.
- Maintain accurate records of onboarding activities within internal systems.
- Support the CO/MLRO with audits, reporting, and process improvement initiatives.
- Identify opportunities for improving processes and suggest innovative solutions to enhance efficiency.