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- Tasks: Join a dynamic team to combat financial crime and ensure compliance in banking.
- Company: Be part of a growing UK specialist bank focused on under-served market segments.
- Benefits: Enjoy a hybrid work model with no business travel and opportunities for professional growth.
- Why this job: Make a real impact in financial crime prevention while working in a values-driven environment.
- Qualifications: Strong background in financial crime, compliance, and KYC processes is essential.
- Other info: Mentorship opportunities available for junior team members.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a growing UK specialist bank, is seeking a Financial Crime Specialist to join their First Line Risk function. This is a unique opportunity to contribute to a high-performing team within a bank that focuses on under-served segments of the UK market, with a strong presence in SME lending and customer savings.
The Financial Crime Specialist will play a critical role in maintaining the integrity of the bank's operations, acting as a key point of contact for financial crime prevention, client due diligence, and fraud oversight.
Key Responsibilities- Perform Enhanced Due Diligence (EDD) for high-risk customers and prepare comprehensive reports for the Money Laundering Reporting Officer (MLRO).
- Conduct investigations in collaboration with the 2nd Line Financial Crime team, supporting the submission of Suspicious Activity Event (SAE) reports.
- Provide expert guidance to internal teams on high-risk scenarios and regulatory requirements.
- Monitor and investigate fraud alerts, escalating findings where appropriate.
- Support Financial Crime Analysts in performing onboarding and ongoing KYC checks, including screening and transaction monitoring.
- Maintain accurate KYC/AML records and ensure all customer due diligence information is current and complete.
- Contribute to first-line assurance reviews, ensuring compliance with internal policies and risk appetite.
- Assist in embedding compliance procedures into operational processes and standard operating procedures.
- Mentor and support junior team members and business stakeholders to improve understanding of financial crime policies.
- Participate in cross-functional AML and KYC-related projects.
- Strong professional background in financial crime or financial services compliance.
- Solid knowledge of UK AML frameworks, including JMLSG guidance, the FCA Handbook, Money Laundering Regulations (MLRs), and FATF recommendations.
- Proven experience in KYC/CDD processes, particularly onboarding of sole traders, partnerships, and limited companies.
- Ability to interpret and advise on complex corporate structures.
- Excellent written and verbal communication skills.
- Strong analytical mindset and attention to detail.
- Ability to work independently and manage competing priorities.
This is an ideal opportunity for a financial crime professional seeking to join a values-driven organisation where specialist knowledge and integrity are highly valued. The successful candidate will be based in London, working on a hybrid model with no business travel expected.
Contact Detail:
LMA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Specialist - LMA
✨Tip Number 1
Familiarise yourself with the latest UK AML frameworks and regulations. Understanding the JMLSG guidance and FCA Handbook will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the financial crime sector. Attend industry events or join relevant online forums to connect with others in the field. This can provide you with valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully handled KYC/CDD processes. Being able to articulate your experience with onboarding and due diligence will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've approached complex corporate structures in the past. Highlighting your problem-solving abilities will resonate well with the hiring team.
We think you need these skills to ace Financial Crime Specialist - LMA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime and compliance. Focus on your knowledge of UK AML frameworks and any specific roles you've held that relate to KYC/CDD processes.
Craft a Compelling Cover Letter: In your cover letter, express your passion for financial crime prevention and how your skills align with the responsibilities outlined in the job description. Mention specific experiences that demonstrate your analytical mindset and attention to detail.
Showcase Relevant Skills: Emphasise your strong communication skills and ability to work independently. Provide examples of how you've successfully managed competing priorities in previous roles, particularly in high-pressure environments.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, as attention to detail is crucial in this field. A polished application reflects your professionalism.
How to prepare for a job interview at LMA
✨Know Your AML Frameworks
Make sure you have a solid understanding of UK AML frameworks, including JMLSG guidance and the FCA Handbook. Be prepared to discuss how these regulations apply to the role and provide examples from your experience.
✨Demonstrate Your Analytical Skills
As a Financial Crime Specialist, you'll need strong analytical skills. Prepare to showcase your ability to interpret complex data and corporate structures. Bring examples of past investigations or reports you've worked on to illustrate your analytical mindset.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making in high-risk situations. Think about past experiences where you had to conduct Enhanced Due Diligence or handle fraud alerts, and be ready to explain your thought process.
✨Showcase Your Communication Skills
Excellent written and verbal communication is key in this role. Be prepared to discuss how you've effectively communicated complex financial crime policies to non-experts or mentored junior team members in the past.
