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- Tasks: Conduct investigations and ensure compliance with AML/KYC regulations daily.
- Company: Join a leading financial institution dedicated to fighting financial crime.
- Benefits: Enjoy flexible working options, competitive pay, and professional development opportunities.
- Why this job: Make a real impact in the fight against money laundering while growing your career.
- Qualifications: No prior experience needed; just a keen interest in finance and compliance.
- Other info: Perfect for students looking to gain valuable experience in the financial sector.
The predicted salary is between 36000 - 60000 £ per year.
Key Responsibilities:
- Conduct Enhanced Due Diligence (EDD) on High-Risk/PEP customers.
- Perform name screening, transaction screening, and transaction monitoring.
- Ensure compliance with AML/KYC regulations and escalate non-compliance issues.
- Review new and existing accounts for due diligence.
- Conduct Level 1 review of name screening alerts and high-risk payments.
- Respond to operational queries and support business functions.
- Investigate and resolve escalated issues with stakeholders.
- Manage workflows, discount alerts, and maintain the name screening system.
- Identify and report suspicious transactions as per escalation protocols.
- Stay updated on regulatory changes and financial crime developments.
- Support fraud investigations, payment screening, and transaction monitoring as needed.
- Participate in ad hoc projects and provide administrative support.
Anti-Money Laundering Specialist employer: UK Bank
Contact Detail:
UK Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Anti-Money Laundering Specialist
✨Tip Number 1
Familiarise yourself with the latest AML/KYC regulations and guidelines. This will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the financial crime prevention sector. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experiences where you successfully identified suspicious transactions or resolved compliance issues. This will showcase your practical knowledge and problem-solving skills.
✨Tip Number 4
Stay informed about recent trends in financial crime and fraud investigations. Being able to discuss current events or case studies during your interview can set you apart as a knowledgeable candidate who is passionate about the field.
We think you need these skills to ace Anti-Money Laundering Specialist
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the responsibilities of an Anti-Money Laundering Specialist. Highlight your experience with Enhanced Due Diligence (EDD), compliance with AML/KYC regulations, and any relevant investigations you've conducted.
Tailor Your CV: Make sure your CV reflects your skills and experiences that are directly related to the job description. Emphasise your ability to conduct name screening, transaction monitoring, and your familiarity with regulatory changes in financial crime.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about combating financial crime and how your background makes you a suitable candidate. Mention specific examples of how you've handled escalated issues or supported business functions in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application demonstrates attention to detail, which is crucial in the field of anti-money laundering.
How to prepare for a job interview at UK Bank
✨Know Your AML/KYC Regulations
Familiarise yourself with the latest Anti-Money Laundering and Know Your Customer regulations. Be prepared to discuss how these regulations impact your work and provide examples of how you've ensured compliance in previous roles.
✨Demonstrate Analytical Skills
As an Anti-Money Laundering Specialist, strong analytical skills are crucial. Prepare to showcase your ability to conduct Enhanced Due Diligence and name screening by discussing specific cases where you identified suspicious transactions or resolved complex issues.
✨Showcase Your Communication Skills
Effective communication is key when dealing with stakeholders and responding to operational queries. Practice articulating your thoughts clearly and concisely, and be ready to explain how you would handle escalated issues with various teams.
✨Stay Updated on Industry Trends
Demonstrate your commitment to the field by staying informed about regulatory changes and financial crime developments. Bring up recent news or trends during the interview to show your proactive approach and genuine interest in the role.
