AML Analyst, Financial Crime Compliance
This role is pivotal in ensuring the Bank adheres and complies with policies, procedures and regulations relating to know your customer, anti-money laundering, counter terrorist financing, anti-bribery and corruption, fraud and market abuse.
The FCC Team will be staffed by differing levels of financial crime subject matter experts (SMEs), who are cross trained in all areas of the Financial Crime Compliance team, specifically client onboarding risk reviews, account opening, changes to accounts and ongoing client periodic reviews, as well as a broad understanding of the responsibilities of the First Line Monitoring team and wider financial crime risks relating to bribery and corruption, fraud and market abuse.
An Analyst within the team will most likely be an individual who is at the start of their Financial Crime career or with limited Financial Crime experience but has excellent competencies and is looking for their opportunity in the Financial Services arena. You will be expected to have an excellent academic record with a degree of work experience or have been employed in a field that would have transferrable skills.
You will be supported by and work closely with the Senior Analysts within the FCC Team as well as having support from the FCC Managers. You will also have access to and additional support from the Head of Compliance UK and the Money Laundering Reporting Officer (MLRO).
Working within the team is a highly challenging yet rewarding role. You will be reviewing highly complex clients and their business activities against the context of the UK and Swiss Financial Sector Regulatory environments.
You will investigate both prospect and existing client?s activity, and follow through any issues to a satisfactory outcome.
This may involve liaising with the client relationship officers and senior management within the Bank. You will be expected to produce comprehensive written reports about clients that can be clearly read and understood by senior management, CROs, Auditors and the Regulators. These reports should demonstrate the risks associated with a client and their proposed risk classification.
The FCC Team also review account opening documentation prior to a new account being opened so the Analysts will be expected to review account opening documentation relating
To adhere to the rules and regulations affecting the money laundering environment, including but not limited to the FCA Handbook, JMLSG, Proceeds of Crime Act, Prevention of Terrorism Act, US Patriot Act, Fraud Act, Bribery Act and the Money Laundering Regulations 2007.
To identify any potential KYC AML risks in the Bank and report the findings to the FCC Manager where necessary.
To maintain knowledge of all applicable legislation and best industry practice, including relevant parts of the FCA Handbook and the JMLSG.
Conduct reviews of new prospects and existing clients, assessing the risk profile and KYC documentation, resolving any issues found by liaising with the Front Office, Line Management and Senior Management where necessary.
Undertaking all BAU workflows, including the review of new client proposals, account opening, periodic reviews and changes to accounts, providing Quality Checking oversight.
To support the Team leader and FCC Manager in the management of AML, CTF and KYC issues.
To assist the business as and when required on KYC/AML related queries, by providing advice and guidance, outlining options and recommending solutions as appropriate.
To assist in the review and update of department procedures and suggest system and process improvements.
To assist with any other regulatory tasks or ad hoc projects as might reasonably be requested by Line Management or the MLRO.
To ensure that Management information (M.I) is kept up to date and complied where necessary.
An excellent academic record with a degree of work experience or have been employed in a field that would have transferrable to the work of the Client Onboarding Team.
The ability to write clear, professional and Regulator Ready client risk reports is essential to the role.
You will have an analytical mentality suited to the role of an investigator, with the ability to research and investigate and assimilate data from various information sources and draw meaningful conclusions from the information obtained.
The ability to effectively interrogate Internet sources.
Sound knowledge of Word, Excel and PowerPoint with the ability to use them effectively to deliver professional documents and reports and conduct analysis. You should also have the ability to effectively interrogate Internet sources.
Educated to a degree level with ideally a Professional Compliance Qualification
This job was originally posted as www.cityjobs.com/job/959570822