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For Companies At a Glance
- Tasks: Conduct due diligence and monitor transactions to ensure compliance with regulations.
- Company: Join a leading financial institution dedicated to combating financial crime.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact in the fight against money laundering while developing valuable skills.
- Qualifications: No prior experience required; just a keen interest in finance and compliance.
- Other info: Ideal for detail-oriented individuals looking to start a career in finance.
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 financial crime trends. This knowledge 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 anti-money laundering 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 handled compliance issues or resolved escalated problems. This will showcase your problem-solving skills and ability to work under pressure.
✨Tip Number 4
Demonstrate your analytical skills by discussing any relevant tools or software you’ve used for transaction monitoring or name screening. Being able to talk about your technical proficiency can set you apart from other candidates.
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 in Enhanced Due Diligence, transaction monitoring, and compliance with AML/KYC regulations in your application.
Tailor Your CV: Customise your CV to reflect relevant skills and experiences that align with the job description. Emphasise your ability to conduct name screening, manage workflows, and investigate suspicious transactions.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for combating financial crime. Mention specific examples of how you've handled high-risk customers or resolved compliance issues in the past.
Highlight Continuous Learning: Demonstrate your commitment to staying updated on regulatory changes and financial crime developments. Mention any relevant certifications or training you have completed in the field of anti-money laundering.
How to prepare for a job interview at UK Bank
✨Know Your AML/KYC Regulations
Make sure you have a solid understanding of 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, you'll need strong analytical skills. Be ready to share specific instances where you've conducted Enhanced Due Diligence or resolved complex issues. Highlight your ability to investigate suspicious transactions effectively.
✨Familiarise Yourself with Screening Processes
Understand the processes involved in name screening and transaction monitoring. During the interview, discuss your experience with these processes and how you manage workflows and alerts. This will show your potential employer that you're well-versed in the necessary tools and techniques.
✨Stay Updated on Industry Trends
Show your commitment to the field by staying informed about regulatory changes and financial crime developments. Bring up recent news or changes in legislation during your interview to demonstrate your proactive approach and genuine interest in the role.
