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For Companies At a Glance
- Tasks: Dive into the world of finance by conducting due diligence and monitoring transactions.
- Company: Join a leading firm dedicated to combating financial crime and ensuring compliance.
- Benefits: Enjoy flexible working options, competitive pay, 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 needed; just a keen interest in finance and compliance.
- Other info: Perfect for students looking to kickstart their career in a dynamic environment.
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.
✨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 current trends in financial crime and fraud. Being able to discuss recent cases or regulatory changes 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 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in anti-money laundering (AML) and know your KYC regulations. Use specific examples of your previous work with Enhanced Due Diligence (EDD) and transaction monitoring to demonstrate your expertise.
Craft a Strong Cover Letter: In your cover letter, express your passion for compliance and financial crime prevention. Mention how your skills align with the responsibilities listed in the job description, such as conducting name screening and managing workflows.
Showcase Relevant Skills: Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and problem-solving abilities. Provide examples of how you've successfully handled escalated issues or supported business functions in the past.
Highlight Continuous Learning: Mention any relevant certifications or training you have completed related to AML/KYC regulations. Staying updated on regulatory changes is vital, so show your commitment to continuous learning in this field.
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
As an Anti-Money Laundering Specialist, analytical skills are crucial. Prepare examples of how you've conducted Enhanced Due Diligence or resolved complex issues in past positions to showcase your problem-solving abilities.
✨Stay Updated on Financial Crime Trends
Show that you are proactive by discussing recent developments in financial crime and regulatory changes. This demonstrates your commitment to staying informed and adapting to new challenges in the field.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions where you may need to explain how you would handle specific situations, such as identifying suspicious transactions or managing escalated issues. Practice articulating your thought process clearly.
