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- Tasks: Conduct EDD reviews on high-risk customer accounts and mentor internal teams.
- Company: Join a fast-growing FinTech company making waves in the banking sector.
- Benefits: Enjoy a competitive salary, excellent benefits, and a hybrid work model.
- Why this job: Be a key player in compliance while shaping best practices in a dynamic environment.
- Qualifications: Expertise in AML regulations and experience in banking are essential.
- Other info: Must be within commuting distance of Southampton and available for office work three days a week.
The predicted salary is between 35000 - 38000 £ per year.
Join a rapidly growing FinTech company as an Onboarding Compliance Specialist. You will be responsible for conducting and overseeing EDD (enhanced due diligence) reviews on high-risk / complex customer accounts. You will serve as a subject matter expert for the business, advising and training internal teams on best practice and regulatory obligations.
Key Responsibilities:
- Review high risk / complex customer account applications.
- Lead and conduct in depth reviews / EDD of current customer accounts and activity.
- Act as SME for escalated KYC / KYB / CDD / EDD queries.
- Hold final approval for high risk customer account applications and reviews.
- Work collaboratively with senior stakeholders across 1LOD/2LOD providing support for gap analysis and thematic reviews.
- Work closely with, and provide expert advice, to wider operations teams and business leaders.
- Coach and mentor colleagues; delivering up to date and concise KYC / KYB / EDD training.
- Use data driven insights and personal observations to drive continuous improvement.
- Constructively challenge current processes and procedures and make recommendations to enhance processes.
Essential experience includes:
- Expert knowledge of banking KYB / CDD / EDD / AML / Onboarding requirements.
- Experience reviewing high risk cases.
- Detailed understanding of UK AML & CTF regulations POCA, JMLSG, MLR 2017, FATF etc.
- Experience mentoring, coaching and training colleagues.
- Experience working in a banking organisation is essential.
Location is key: Applicants must live within a commutable distance of Southampton, Hampshire and be available to work from the office at least three days per week following a 6 week office based training period.
Salary: £35-38,000 plus excellent benefits.
AML Specialist - EDD / High Risk Accounts - Hybrid / Not Remote - Banking / FinTech Company employer: FinTech People
Contact Detail:
FinTech People Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AML Specialist - EDD / High Risk Accounts - Hybrid / Not Remote - Banking / FinTech Company
✨Tip Number 1
Familiarise yourself with the latest UK AML & CTF regulations, including POCA and JMLSG. Being well-versed in these regulations will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the banking and FinTech sectors, especially those who specialise in compliance. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in EDD and high-risk account management.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled high-risk cases in the past. Highlight your experience in mentoring and training others, as this role requires you to coach colleagues on KYC and EDD best practices.
✨Tip Number 4
Research the company culture and values of the FinTech firm you're applying to. Understanding their approach to compliance and customer service will help you tailor your discussions and show that you're a great fit for their team.
We think you need these skills to ace AML Specialist - EDD / High Risk Accounts - Hybrid / Not Remote - Banking / FinTech Company
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an AML Specialist in a FinTech environment. Familiarise yourself with terms like EDD, KYC, and AML regulations to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in your CV, especially any roles involving compliance, risk assessment, or banking. Use specific examples that showcase your expertise in handling high-risk accounts and your understanding of UK AML regulations.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your passion for compliance and risk management. Mention how your previous experiences align with the key responsibilities listed in the job description.
Showcase Your Training Experience: Since mentoring and training are crucial for this role, include any relevant experience where you've coached colleagues or led training sessions. This will help position you as a strong candidate who can contribute to the team's development.
How to prepare for a job interview at FinTech People
✨Know Your Regulations
Familiarise yourself with UK AML & CTF regulations, including POCA, JMLSG, MLR 2017, and FATF. Being able to discuss these in detail will demonstrate your expertise and show that you are well-prepared for the role.
✨Showcase Your Experience
Prepare specific examples from your past work where you successfully reviewed high-risk cases or conducted EDD. Highlighting your hands-on experience will help you stand out as a strong candidate.
✨Emphasise Your Mentoring Skills
Since the role involves coaching and training colleagues, be ready to discuss your mentoring experiences. Share how you've helped others understand KYC, KYB, and EDD processes, showcasing your ability to lead and support teams.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in high-risk situations. Think through potential challenges you might face in the role and how you would address them, demonstrating your critical thinking abilities.
