ABOUT US
BGC GROUP
Headquartered in London and New York, BGC Group (NASDAQ: BGC) is a leading global brokerage firm providing integrated voice and electronic services to wholesale market participates. We offer a full range of brokerage services across fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets.
Key responsibilities
- Receive Client Due Diligence requests from the CDD Team Lead and review the requirements
- Perform Client Due Diligence 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
- Obtain background information on clients through on-line research and other relevant sources
- Work closely and in a timely manner with the Front Office staff to obtain any outstanding Client Due Diligence documentation and on occasion, directly with clients
- Review Client Due Diligence 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 Client Due Diligence 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
- Take on roles and responsibilities as required by the Client Due Diligence Manager to ensure the successful operation of the Client Due Diligence Team
- Work closely with colleagues across BGC Compliance and where necessary liaise with the BGC MLRO & Deputy MLRO
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
Key requirements
- Experience of working in a Client Due Diligence role within Financial Services is required
- Prior Quality Checking / Quality Assurance experience is beneficial
- Previous experience of working directly with the Front Office
- Good working knowledge of Singapore anti-money laundering requirements
- Experience of CDD requirements for a wide range of customers including private companies, government entities, unregulated funds, off shore jurisdictions and introducing brokers
- Ability to communicate relevant information in a timely and clear manner
- Ability to work under pressure
BGC and our affiliates are a fair employer and have adopted the Tripartite Standard on Recruitment Practices (RP). Please also note that all data collected will be treated strictly confidential and used for recruitment purpose only. We regret that only shortlisted candidates will be contacted.
