Swe Senior Aml/kyc Analyst

End Date

Wednesday 25 December 2024

Salary Range

£0 - £0

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Flexible Working Options

Job Description Summary


Job Description

Role: SWE AML-KYC Analyst

Grade: Band C

Location: Luxembourg

About Scottish Widows Europe:
Scottish Widows Europe, a subsidiary of Scottish Widows, was established in Luxembourg to ensure continuity of servicing for its existing EU business after the UK’s exit from the EU, and is authorized to conduct run-off insurance business in Europe (“SWE”).

The portfolio of SWE is largely represented by with-profit policies (but also includes unit-linked policies), originally sold through the Clerical Medical Brand. The portfolio has c.€2 billion assets, with approximately 50,000 policyholders. Since March 2019, the business has been run from Luxembourg. SWE relies on outsourcers to provide policyholder service and administration.

SWE is part of Scottish Widows, a 100% subsidiary of LBG and a strong life and pension company in the UK. Its product range includes

life assurance

,

pensions

,

investments

and

savings
- The company has been providing financial services to the UK market since 1815. The company sells products through independent financial advisers, direct to customers and through LBG bank branches. Scottish Widows employs around 3,000 people.

Lloyds Banking Group (LBG) is a leading UK based financial services group providing a wide range of banking and financial services, passionate about personal and commercial customers. The main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. Services are offered through well-recognized brands including Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows, and a range of distribution channels.

About the Role:
We have an outstanding opportunity for you to join SWE, a diverse and inclusive team based in Luxembourg, and to work in an international and informal environment. Note that this AML/KYC Analyst role is embedded within the business and will report to the SWE Compliance Officer.

What you'll be doing:

- Support the compliance team with the manual review of individual customer files and the update of KYC documentation.
- Perform due diligence on customers and intermediaries: analyse the documentation on file, list missing documentation or documentation to be refreshed, coordinate actions required to acquire missing documents or updated information and analyse documentation received from customers or intermediaries and ensure it meets expectations and internal procedures.
- Perform required screenings and bring up the hits where vital (PEPs and sanctioned parties).
- Ensure that the AML status/scoring is accurately reflected in the administration system and relevant scoring tool.
- Participate in periodical audits, compliance and risk sample checks.
- Liaise with internal/external interlocutors, partners and suppliers in order to acquire/provide information, resolve operational problems, referring as appropriate.
- Provide the compliance team with support in their activities by supporting projects, day-to-day activities and conducting relevant background research.

What you'll need:

- First experience working in a similar role and knowledge of Luxembourg AML/CTF and financial sanctions legal framework and regulations.
- Good organizational and excellent interpersonal skills,
- Proficient in German and English. Italian is a strong asset.
- At ease with standard MS Office (Word, Excel, PowerPoint, Outlook etc.) and Adobe tools, willingness to learn and use more specific IT tools (including built-in software),
- Open minded, able to demonstrate key behavioural capabilities including teamwork, ownership, agility, proactivity and innovation,
- Keen to suggest new insights and implement pragmatic and workable solutions.

We're dedicated to giving you opportunities and support to develop you both expertly and personally as well as to optimise and increase your potential.

In return, you would get a package that includes:

- A discretionary performance related bonus.
- Cash allowance to reflect lunch vouchers and private medical contributions
- Pension scheme
- Annual and special leave according to the collective labour agreement of the insurance sector.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our back