Compliance Analyst

  • Job Reference: R0013088
  • Date Posted: 17 June 2022
  • Employer: Centrica
  • Website: http://www.centrica.com/careers
  • Location: Windsor, Berkshire
  • Salary: On Application
  • Bonus/Benefits: Pension & Benefits
  • Sector: Law
  • Job Type: Full Time

Job Description

Centrica has an exciting opportunity for a Financial Crime Due Diligence Analyst to join us and be an integral part of the Group Financial Crime team in Windsor, providing support to Counsel, Corporate Crime and Sanctions (MLRO) and the Due Diligence Manager.

As part of a Global due diligence team, you will conduct Customer/Corporate Due Diligence (CDD) and Enhanced Due Diligence (EDD) on new and existing Centrica third parties, ensuring all work is completed accurately, timely and in line with Centrica's established procedures and industry best practice.

Role

  • To support the Group Financial Crime team, and the Due Diligence Manager, in onboarding various types of third parties, across the Group, including: trading counterparties, brokers, agents, M&A targets and investments. To conduct CDD / 'know your customer' (KYC) checks on new and existing third parties, carry out periodic reviews consistent with Centrica's procedures and ensure that accurate records are kept and maintained.

  • In line with Centrica's financial crime requirements and guidance, and the Group due diligence procedures, you will classify third parties from a risk and regulatory perspective, including accurate analysis of ownership structures / layered entities and apply appropriate risk ratings. You will conduct screening against watchlists and adverse media reporting and ensure the timely escalation of issues identified to management for resolution.

  • You will work closely with Centrica's Energy, Marketing and Trading business, which holds an FCA authorised entity (Centrica Energy Trading Limited), to help meet its legal and regulatory obligations. This will include undertaking screening for sanctions and, where relevant, politically exposed persons (PEPs), investigating third parties for any adverse information and having an awareness of the Money Laundering and Counter Terrorist Regulations.

  • You will be expected to carry out risk sensitive due diligence on counterparties, business entities or individuals as required and assess and address the legal, regulatory and reputational risks associated with Group activities, including the UK Money Laundering Regulations, the UK Bribery Act, UK, EU and US Sanctions and FCA expectations. You will also have to liaise with business stakeholder, front office staff and with external parties to obtain relevant CDD documentation and information.

  • In this role, you will also play a part in preventing, detecting, mitigating and reporting on financial crime risk matters within the Centrica Group.

The Person

We need someone with a background in second line compliance roles with a focus on anti-money laundering (AML) and financial crime, including experience of undertaking assurance activities, interpreting laws and regulation in the context of KYC checks and the application of this into onboarding and monitoring various third parties. You will have measurable, hands-on experience of using KYC systems and an understanding of the functionality and regulatory imperative for their accurate configuration as well as significant experience with due diligence/KYC checks for various types of third parties, including trading counterparties, brokers, agents, M&A targets and investments.

Also required:

  • Proven track record and experience of CDD/EDD requirements for a wide range of entities, including private companies, government entities, regulated and unregulated businesses, higher risk jurisdictions and third party intermediaries;

  • Experience in global commodity trading business operations and the relationship to third parties highly desirable;

  • Understanding of international statutory, regulatory requirements and best practice associated with third party risk management, in particular within the FCA regulated sector;

  • Excellent written and oral communication skills with strong analytical skills;

  • Confidence in communicating with key business stakeholders and external parties;

  • Ability to demonstrate high levels of integrity, and trust, and an ethical track record;

  • Ability to demonstrate a strong attention to detail and to swiftly, critically assess information to facilitate business decisions;

  • Proficient in use of multiple due diligence/KYC systems and Microsoft Office products;

  • Extensive relevant professional experience, i.e., due diligence/KYC, energy market experience in a trading environment, relevant UK compliance, regulatory, legal, risk;

  • Certified qualification in AML / KYC from a recognised institution, e.g. ICA / ACAMS or equivalent preferred;