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Anti-Money Laundering Analyst

Closing date
2 Nov 2021

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Contract Type
Full Time
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Tradition is currently seeking to appoint an Anti-Money Laundering Analyst to be based within the London office.

Main responsibilities within the Anti-Money Laundering Analyst position include:
  • To act as an advisory and control function for the purpose of complying with regulatory and internal requirements to combat AML / CFT
  • To work within and assist in the development of the second Line of Defence Client On-boarding Function within the Compliance Department.
  • To work in collaboration with First Line of Defence Client on-boarding Team and any other relevant stakeholders
  • Review and provide the second approval status of new clients submitted by the first line of defence client on-boarding team
  • Escalate as appropriate any discrepancies back to the first line of defence team or MLRO
  • Comply with the Enhanced due diligence policy and procedures and seek final approval of Senior Management for high risk clients
  • Monitor, analyse, investigate, resolve and escalate where appropriate the sanctions' screening alerts
  • Carry out the on-going client review as per client on-boarding policy
  • Maintenance of data quality checks on client database
  • Maintenance of the daily, monthly exception reports and act accordingly
  • Maintain and update the client database (both on excel and CDC)
  • Involvement in Compliance projects as required
  • Fulfil its duty as the outsourced function for client on-boarding for other business entities as per the formal outsourcing arrangements, including but not limited to Madrid & Dubai
  • Staff inductions, education and training
  • Set up of tapes for trade queries
  • General Compliance Administration duties
  • Assisting HR with the process of SMCR where the Compliance Department is required
  • NFA registration
  • Some overseas travel may be required

Key skills, experience and competencies required to be successful in this role:
  • Sound Knowledge of Client On-boarding process
  • Sound knowledge of related processes such as the Know Your Customer (KYC) and the Anti-Money Laundering Regulations.
  • Understanding of client regulatory & Tax classification - Mifid, FATCA, CRS
  • Understanding of the EU / US / UK Sanctions regime
  • Understanding of the Anti-Bribery requirements
  • Exposure to Give up agreements
  • Basic FCA knowledge - client classifications, conduct of business rules, training and competence, Approved Persons and FCA processes.
  • Knowledge of the firms' products including cash equities and securities, equity and commodity derivatives and money markets
  • Knowledge of cash and derivatives exchange rules e.g. Euronext, Eurex, LSE
  • Experience of dealing with formal documentation
  • Experience of international wholesale markets
  • Knowledge of tax requirements related to the identification and classification of clients under FATCA and Common Reporting Standards (CRS)
  • Appreciation of Compliance Risk
  • Very good PC skills and knowledge, in particular Excel and Word
  • Good literacy and numeracy skills
  • Good communications skills both verbal and written
  • Willingness to learn new skills and take on challenges
  • Ability to work in a team or autonomously on specific projects
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