Purpose of the Job
Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programs.
The successful candidate will work as part of the Client Lifecycle Management team of our Puilaetco. Puilaetco is the Belgian branch of Quintet Private Bank. As CDD/KYC Analyst, you will be part of the Client Lifecycle Management (CLM) team, a new team that strives for excellence and growth in a dynamic, innovative and caring environment. Puilaetco’s local CLM team operates from Brussels and consists of 10+ colleagues.
The core activities within the scope of CLM includes:
Client onboarding
Periodic or event driven reviews
Transaction monitoring, sanction reviews and bad press screening
Client offboarding
Are you passionate about CDD/KYC analysis on Private Banking clients (natural or legal persons), working in close collaboration with Client Advisors, Relationship Managers or Compliance and delivering state-of-the-art Financial Crime Compliance (FCC/AML) reviews? Do you enjoy both a local and international work environment? Are you sensitive to sustainable finance and diversity? Then join us!
Key Accountabilities
Understand the story behind the client(s) and the associated parties
Detect the UBO’s and review the organization chart in case of complex structures
Review the identification and verification of the client and associated parties
Assess and review the source of wealth and source of funds of the prospect or existing client
Review the historical transactions (KYT) in order to detect any atypical transactions
Identify the relevant risks (geographic, reputational, activity sector,…), the potential red flags and the mitigation measures
Able to detect and escalate any suspicious or non-compliant activity in order to draw and present a professional conclusion/recommendation as outcome of the holistic view/analysis
Understand the overall Financial Crime Compliance framework of the Bank and the role played in the first and second lines of defense
Provide support to Front staff regarding to KYC-relevant topics (content, process and tool) as part of onboarding/prospecting phase or during reviews/events
Communicate effectively with Client advisors and Relationship Managers to obtain relevant information and documentation
Proactively propose improvements for the CDD process
Knowledge and Experience
Degree in finance, economics, law, or a related field
1-3 years of prior experience as KYC/CDD analyst or a similar role, in first or second line of defense
Knowledge of Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations and guidelines
General know-how on private banking products and services
Knowledge of Belgian legal forms and structures
Knowledge of Belgian tax framework is a great plus
Attributes and Qualities
Be a team player with excellent written and verbal communication skills with sufficient assertiveness and self-confidence
Positive mindset
Attention to detail
Analytical skills
Ability to identify and escalate matters when required
Knows how to work independently and effectively manage priorities, as well as deadlines
Committed person with an entrepreneurial mindset and a continuous learning mentality
Technical Skills
Good knowledge of Microsoft Office
Languages Skills
Fluent in French or Dutch and good understanding of the other official language
Good understanding of English