CDD Analyst

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • BGC Partners
  • 19 Apr 18 2018-04-19

To support the growth of the business by: Conducting CDD (Client Due Diligence) and EDD (Enhanced Due Diligence) on new counterparties. Ensuring the process is performed accurately, timely and in line with company policy. Ensuring CDD information held on existing counterparties is refreshed on a risk-based basis ensuring it remains up to date and accurate

Key Responsibilities:

Core Activities:

  • Receive CDD requests from the CDD Team Lead and review the requirements
  • Perform CDD on new and existing counterparties and enhanced due diligence where applicable
  • Undertake sanction and PEP screening on new and existing clients to determine if there are any PEPs/Sanction/AML risks
  • Apply MiFID/DFSA categorisation to new counterparties and review existing categorisations
  • Obtain background information on clients through on-line research and other relevant sources
  • Liaise with Front Office staff to obtain any outstanding CDD documentation and on occasion, directly with clients
  • Review CDD information held on existing clients to identify shortfalls and obtain missing documentation
  • Record account status and approval information in the appropriate databases/spreadsheets
  • Update the PEP register and complete PEP forms and ensure all PEP relations are approved by the MLRO and relevant Quality Assurance member of team
  • File / scan CDD information
  • Be alert to conduct and reputational risk issues, specifically the risk of harm to client interests, market integrity and/or competition in financial markets due to inappropriate practices or behaviours across the firm


  • Act as subject matter expert in all CDD issues
  • Take on roles and responsibilities as required by the CDD Manager to ensure the successful operation of the CDD Team
  • Key contacts/working relationships
  • Work closely with colleagues across Compliance and where necessary liaise with the MLRO & Deputy MLRO
  • Work closely and in a timely manner with the Front Office to obtain information required to complete the CDD process

Key outputs and key performance indicators:

  • Accurate and timely approval of new accounts
  • Accurate and timely categorisation of clients in accordance with MiFID/DFSA categorisation requirements
  • Appropriate and timely escalation of concerns
  • Accurate record keeping
  • Minimal “quality assurance” failure rate
  • Share information as appropriate with other members of the CDD Team and the wider group
  • Positive contribution to the CDD Team

Skills  / competencies required:

  • At least 2 years’ experience of working in a CDD role within Financial Services
  • Previous experience of working directly with the Front Office
  • Good working knowledge of UK anti money laundering requirements including the JMLSG Guidance Notes, the Money Laundering Regulations, the Proceeds of Crime Act, the Terrorism Act and relevant sanctions screening requirements and processes
  • Good knowledge of global MiFID/DFSA client categorisation requirements including MiFID II/DFSA
  • Experience of CDD requirements for a wide range of customers including private companies, government entities, unregulated funds, off shore jurisdictions and introducing brokers

Systems used:

  • GoldTier (Being implemented in Q2 2018, previous experience a benefit but not essential))
  • World-Check                                                                       
  • BVD MINT Global
  • MS Office                                           
  • In-house systems
  • Bankers Almanac
  • The internet for access to  Companies House/equivalent, Global regulators, news screening        
  • Personal attributes:
  • Good organisational and time management skills
  • Ability to communicate relevant information in a timely and clear manner
  • Highly organised
  • Ability to work under pressure and prioritise
  • Determined, and capable of working under own initiative
  • Languages a benefit but not essential
  • Advanced skills when using Excel/Access a benefit but not essential