Role: Senior EDD Manager
Location: Canary Wharf, UK
Duration: 6 months
Overall Purpose of the role:
We are currently hiring a Senior EDD Manager to join our 1st Line of Defense Financial Crime team. The core objective of this position is to execute Enhanced Due Diligence (EDD) and comprehensive risk assessments on high-risk accounts, with a dedicated focus on correspondent banking and gaming clients. You will be instrumental to our daily operations, driving both the onboarding processes for new accounts and the periodic risk refreshes for existing clients.
Key Responsibilities:
Manage the end-to-end EDD process for both the onboarding of new clients and the refreshing of existing high-risk clients.
Conduct deep-dive EDD on correspondent banking and gaming clients, receiving information to thoroughly assess the risk profile of each client.
Write high-quality, detailed risk reports and recommendations based on your investigative findings.
Present client risk information and reports confidently in risk forums to Managing Director (MD) level stakeholders.
Perform comprehensive PEP (Politically Exposed Person) checks and Sanctions screening (including OFAC), identifying potential PEPs and determining how to confirm or mitigate these risks in alignment with the bank's risk appetite.
Review and utilize industry-standard tools, such as the Wolfsberg Questionnaire, to evaluate the EDD frameworks of other banks and identify any potential risk areas.
Key Skills:
Correspondent Banking Experience: Mandatory experience working with correspondent banking clients (experience from smaller or SME-sized firms is perfectly acceptable). Candidates whose experience is solely in retail banking will not be considered.
Stakeholder Management & Presentation: Proven ability and experience in writing complex reports and presenting findings at risk forums to senior, MD-level stakeholders.
Global Jurisdictional Knowledge: Ideal candidates will have global jurisdictional experience and an understanding of bespoke regional risks and nuances.
EDD & Sanctions Expertise: Strong working knowledge of PEP identification/mitigation processes and global sanctions lists (e.g., OFAC).
Industry Tools: Ability to analyze and interpret pre-answered Wolfsberg Questionnaires completed by MLROs to understand a firm's EDD framework.
Gaming Sector Experience: Experience conducting EDD on gaming clients is a distinct advantage, though not strictly required.
About Barclays
Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by its service company which provides technology, operations and functional services across the Group.
Values
Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measure and reward the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
Diversity
Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.
Onsite
Colleagues who perform ‘onsite’ roles will spend four or five days a week working onsite, depending on the requirements of their role and business area. Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
Your Benefits
As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay (after eight weeks on assignment). You can discuss any special holiday requests, for weddings, graduations or other significant occasions during this initial period with your team leader. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants