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For Companies At a Glance
- Tasks: Conduct due diligence and monitor transactions to prevent money laundering.
- Company: Join a leading financial institution committed to compliance and integrity.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact in the fight against financial crime 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 specific 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, name screening, 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 investigations, manage workflows, and respond to operational queries.
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 escalated issues in previous roles.
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
Familiarise yourself with the latest AML and KYC regulations. Be prepared to discuss how these regulations impact your work and how you ensure compliance in your previous roles.
✨Demonstrate Analytical Skills
Be ready to showcase your analytical skills, especially in relation to Enhanced Due Diligence (EDD) and transaction monitoring. Prepare examples of how you've successfully identified suspicious transactions or resolved complex issues.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of specific situations where you had to investigate escalated issues or manage workflows, and be ready to explain your thought process.
✨Stay Updated on Industry Trends
Show your commitment to the field by discussing recent regulatory changes or financial crime developments. This demonstrates your proactive approach and genuine interest in the role of an Anti-Money Laundering Specialist.
