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For Companies At a Glance
- 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 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 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in anti-money laundering (AML) and know your customer (KYC) regulations. Include specific examples of Enhanced Due Diligence (EDD) you have conducted or any compliance-related projects you've been involved in.
Craft a Strong Cover Letter: In your cover letter, express your passion for combating financial crime and your understanding of AML regulations. Mention how your skills align with the responsibilities listed in the job description, such as transaction monitoring and name screening.
Showcase Relevant Skills: Highlight key skills that are essential for the role, such as analytical thinking, attention to detail, and familiarity with compliance software. Use specific terminology related to AML/KYC to demonstrate your expertise.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are crucial in the field of compliance.
How to prepare for a job interview at UK Bank
✨Know Your AML Regulations
Familiarise yourself with the latest Anti-Money Laundering (AML) and Know Your Customer (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, strong analytical skills are crucial. Prepare examples of how you've conducted Enhanced Due Diligence (EDD) or resolved complex issues in past positions, showcasing 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 your ability to adapt 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. Practising these scenarios can help you articulate your thought process clearly.
