European Investment Fund (EIF) - Trainee - Know Your Customer (KYC)

Specific Post Environment: 

The KYC, Tax & ESG Division is part of the Central Front Office Services Department within EIF’s Investment Office. KYC unit operates within the First Line of Defence and is responsible for executing customer due diligence (CDD) processes in accordance with internal policies and regulatory requirements, ensuring that client data is accurately captured, maintained, and stored in line with applicable procedures and supporting the business in managing financial crime, sanctions and reputational risks.

Overall objective:  

Your overall objective will be to:

• Assist in the collection of additional counterparty data, client reach out, and data clean-up exercise in preparation of the migration from the existing system eFront data warehouse to the new EIBG Counterparty Onboarding System OMEGA.

• Assist with the KYC onboarding via OMEGA for input of client data and upload of KYC documents, perform analysis of KYC/AML findings. 

Responsibilities:

Under the guidance of the Senior of the team, you shall: 

• Input KYC-related data into internal systems with a high degree of accuracy and upload, in an organised manner, client documentation, in accordance with KYC Unit internal procedures; 

• Assist in the cleanup of KYC legacy data to ensure consistency and compliance with current standards and support the review of client files in the private equity and guarantee/securitisation activities for completeness and escalate missing and/or outdated information;

• Participate in team meetings and contribute to process improvement initiatives.

Expected outcome:

• Accurate and timely entry of KYC data into core systems (eFront, OMEGA) and proper classification and storage of client documentation;

• Enhanced understanding of KYC processes within the 1st LoD framework

• Increased operational efficiency and reduced data-related risks.