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Due Diligence Lead Analyst - Financial Crime

McGregor Boyall
Closing date
24 Apr 2021

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Job Details

Banking Fintech organisation is loooking for a Financial Crime Due Diligence Lead Analyst based in London (Going remote). The Due Dilligence team is part of the overall Financial Crime Intelligence function responsible for identifying, understanding and mitigating the financial crime and reputational risks involved in entering new business relationships and maintaining / expanding existing relationships. The team has specific responsibilities covering Due Diligence, Transaction Monitoring, Customer / Payment Screening and Fraud. These responsibilities apply to new and existing customers.

As Lead analyst, you will have additional responsibilities including work allocation / prioritisation, collation and interpretation of Management Information, to be the principle escalation point for the team and to own and maintain the Due Diligence guidelines

As a Due Diligence (DD) Lead Analyst your primary responsibilities will be:
  • identifying, understanding and mitigating the financial crime and reputational risks involved in entering new business relationships and from maintaining / expanding existing relationships.
  • You will continually ensure the customer risk profile falls within risk appetite and escalate issues or regulatory breaches through relevant governance forums.
  • As a senior member of the team you will have additional responsibilities for providing technical training for colleagues, act as escalation point to resolve issues as well as completing peer reviews on all risk cases.
  • You will need to take a flexible approach in your responsibilities. As such you will be required to undertake additional duties as commensurate with your experience
  • Responsible for reviewing policies, procedures, processes related to due diligence and regulatory requirements
  • Act as an escalation point providing technical guidance to DD / RM's / Onboarding colleagues
  • Support the development and implementation of new systems and controls
  • To collate and review Management Information
  • Maintain and develop Due Diligence guidelines
  • Manage work allocation / prioritization across the Financial Crime intelligence Due Diligence team
  • Subject matter expertise within due diligence across FIs and NBFIs.
  • Support in the development and delivery of quarterly technical training to colleagues
  • Complete peer review on all onboarding and ongoing DD review cases.
  • Act as buddy / mentor for new to bank employees providing guidance and technical support.
  • Provide Subject Matter Expertise on change programmes or new product development
  • Complete Due Diligence to assess and manage the risks from new to bank relationships ensuring compliance with Financial Crime's Policies, standards and procedures.
  • Periodically reassess existing customer risk profiles by completing ongoing Due Diligence ensuring compliance with Financial Crime's Policies, standards and procedures.
  • Conduct onsite visits and / or calls with customers to facilitate the completion of Enhanced Due Diligence as dictated by the Risk Rating.
  • To review changes in customer profiles (Trigger events) emanating from Companies House alerts, Relationship managers, Transaction Monitoring reviews or proactively from customers.
  • Complete Risk Assessments highlighting any red flags, potential mitigating factors recommended action.
  • Support in the delivery of relevant aspects of the AML & Sanctions Enhancement Programme
  • Minimise the customer impact of the Due Diligence process by leveraging internal / external data sources.
  • Escalation of all material financial crime risks for further consideration and / or action.
  • Build and maintain relationships with stakeholders across the business to meet role objectives and deliver key activities
  • Assist with the development of new systems and controls, to include new rules and reporting functionality to address specific financial crime risks
  • Maintain knowledge of all relevant financial crime legislation, regulatory changes and industry best practice.
  • Promote the importance of financial crime issues and act as a point of guidance for stakeholders

Financial Services/Banking Experience:
  • Strong knowledge of financial crime control frameworks and regulatory standards.
  • Strong knowledge of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers.
  • Significant knowledge of UK and EU AML/CTF legislation (international AML/CTF knowledge is advantageous)
  • Significant knowledge of money laundering typologies across a range of products and services in financial services.
  • Significant experience dealing with complex business models, PEPs, sanctions, red flags, and suspicious activity investigation.

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.
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