Middle Office Associate

Job Purpose:To support the activities of the Wholesale Banking team by ensuring that all aspects of KYC/Compliance, Operational Coordination & Process Management are consistent with Branch Policies & Procedures. ResponsibilitiesManage the preparation and delivery of all documentation related to the onboarding of new clients and the preparation of Periodic Reviews for existing clients in order to ensure that they are delivered in a timely manner and that any queries from the Compliance Dept. are answered promptlyMonitor the Siren KYC System on a daily basis in order to beware of new alerts with respect to existing clientsClear/escalate such alerts to the relevant RM or Compliance team (as appropriate) in accordance with local policies and proceduresReview alerts triggered by SWIFT messages in order to clear/release or escalate to the Compliance department in accordance with Branch Policies and ProceduresMonitor CAFF and bulk review statusAssist Relationship Managers on administrative tasksRetularly monitor clients' financial health and periodic reporting to ensure adherence to credit agreementsReview loan documents to identify and understand covenant requirements and triggersmonitor approved deal condition to ensure compliance with the credit application and confirm that all required conditions are met.Providing reports to management as required.As required or directed by the Head of Middle Office, assist the Relationship Managers to facilitate the establishment of new relationships, the closing of new business and the administration or amendment of existing facilitiesKnowledgeThorough understanding of KYC and other Compliance requirementsDetailed knowledge/experience with respect to Trade Finance, such as LCs, guarantees, supply chain finance and receivables financing, and other documentary other relevant bank products and the documentary/operational requirements related theretoAbility to monitor and interpret industry market trends with respect to compliance/KYC requirementsStrong risk awareness and compliance knowledgeAnalytical skills to assess risks and improve processesExperience: 2+ years in Financial Services

Created: 2025-02-14