Description
This role sits within the KYC/AML and Financial Crime Compliance team, which forms part of the Governance, Risk & Compliance (GRC) Department, supporting the overall CME Group Compliance and Ethics Program and reporting into the Director on AML/KYC & Financial Crime Compliance. The role will involve working as part of the KYC/AML and Financial Crime Compliance team collaborating closely with CME’s legal and compliance functions as well as other areas within CME as part of the legal and regulatory onboarding requirements of customers to CME Group.
The Senior Analyst undertakes the day to day Quality Assurance Sample based reviews from the teams Onboarding/Periodical Review/Screening processing, related to all of KYC/AML due diligence onboarding requirements for new and existing customers across CME Group, in line with CME Group’s Global Financial Crime Compliance program and external regulatory bodies/legislation (e.g., JMLSG, FCA,, EU Money Laundering Directives, FATF, CFTC, MiFID II,).
The role will involve working as part of the KYC/AML and Financial Crime Compliance team and collaborating closely with CME’s legal and compliance functions as well as other areas within CME as part of the legal and regulatory onboarding requirements of customers to CME Group.

Principal Accountabilities:

• Conducts Quality Assurance sample based review testing over Customer Due Diligence (“CDD”), Enhanced Due Diligence (“EDD”) sanctions and adverse media checks on new and existing customers in accordance with UK Money Laundering Regulations 2017, JMLSG Guidance or other relevant Regulations ( FinCEN, MiFID etc) in line with team processes and procedures as governed by CME Group Legal and Compliance divisions including administering client reference data within internal client onboarding repositories and system(s) as required.
• Conducts Quality Assurance reviews on a sampled based population that customer AML risk assessments have been correctly applied, on a risk-based approach, and provides recommendations for customers overall AML risk profiles where appropriate, escalating as appropriate to effectively mitigate and manage risks posed accurately and effectively, whilst operating under the guidance of Director of KYC/AML Financial Crime Compliance and ensuring AML governance standards, regulatory classifications (MIFID II, FCA) are maintained in accordance with the legal and regulatory obligations set by CME’s Compliance function.
• Successfully communicate and collaborate with CME’s Legal and Compliance functions and various other operational and cross functional teams within CME Group to resolve day-to-day KYC/AML related queries in an efficient and timely manner.
• Undertakes daily Sample based Quality Assurance review on the output from the KYC/AML team as it relates to PEP, Sanction and adverse media screening risk assessments so as to ensure accuracy of the overall AML risk recommendations.
• Provide assistance and support as required by Team Lead for KYC/AML and the Director of AML/KYC Financial Crime Compliance to ensure the maintenance of KYC/AML standards and policy compliance in accordance with the legal and regulatory obligations set by CME Group’s Compliance division.
• As output from the reviews produce reports on findings, reflecting process improvements and any training to ensure a cycle of continuous learning and developments, as well as high standards of quality output.

Required Skills:

• Good Knowledge of the UK Money Laundering Regulations 2017, JMLSG Guidelines, MiFID II, applicable FCA rules and sanction regimes including but not limited to the UN, EU, OFAC and HMT.
• Specific day to day hands on experience of managing alerts in relation to Sanctions & Media screening as it relates to Sanctions regimes.
• Understanding of the EU Money Laundering Directives, MIFID II and CFTC
• Good understanding of the KYC/AML Lifecycle process.
• Ability to work in a fast-paced environment with precision and accuracy.
• Demonstrated time management skills including ability to multitask and prioritize.
• Strong attention to detail.
• Analytical and problem-solving skills.
• Experience of working within a team, and being a team player.
• Experience of working with both internal and external stakeholders.
• Experience analysing information to make or inform decisions relating to processes and technology enhancements.
• Excellent analytical skills and the ability to discern the practical application of regulatory and legal requirements.
• Ability to communicate and influence assertively, clearly and concisely, both in writing and verbally, strong attention to detail and accuracy.
• Highly professional, courageous, and diplomatic in interactions, demeanour and presentation.
• Knowledge of computer software (e.g. Google Suite, Excel, PowerPoint ), AML and screening (e.g., WorldCheck), CLM (e.g. Fenergo or similar) and ability to learn new software systems quickly.

CME Group : Where Futures are Made
CME Group is the world’s leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.
At CME Group, we embrace our employees’ diverse experiences, cultures and skills, and work to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and consider all potential employees without regard to any protected characteristic.
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• Conducts Quality Assurance sample based review testing over Customer Due Diligence (“CDD”), Enhanced Due Diligence (“EDD”) sanctions and adverse media checks on new and existing customers in accordance with UK Money Laundering Regulations 2017, JMLSG Guidance or other relevant Regulations ( FinCEN, MiFID etc) in line with team processes and procedures as governed by CME Group Legal and Compliance divisions including administering client reference data within internal client onboarding repositories and system(s) as required.
• Conducts Quality Assurance reviews on a sampled based population that customer AML risk assessments have been correctly applied, on a risk-based approach, and provides recommendations for customers overall AML risk profiles where appropriate, escalating as appropriate to effectively mitigate and manage risks posed accurately and effectively, whilst operating under the guidance of Director of KYC/AML Financial Crime Compliance and ensuring AML governance standards, regulatory classifications (MIFID II, FCA) are maintained in accordance with the legal and regulatory obligations set by CME’s Compliance function.
• Successfully communicate and collaborate with CME’s Legal and Compliance functions and various other operational and cross functional teams within CME Group to resolve day-to-day KYC/AML related queries in an efficient and timely manner.
• Undertakes daily Sample based Quality Assurance review on the output from the KYC/AML team as it relates to PEP, Sanction and adverse media screening risk assessments so as to ensure accuracy of the overall AML risk recommendations.
• Provide assistance and support as required by Team Lead for KYC/AML and the Director of AML/KYC Financial Crime Compliance to ensure the maintenance of KYC/AML standards and policy compliance in accordance with the legal and regulatory obligations set by CME Group’s Compliance division.
• As output from the reviews produce reports on findings, reflecting process improvements and any training to ensure a cycle of continuous learning and developments, as well as high standards of quality output