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- Tasks: Oversee economic crime risks and support KYC, client onboarding, and suspicious activity reporting.
- Company: Join a dynamic and well-established Bank in Maidstone, Kent, focused on financial integrity.
- Benefits: Enjoy a hybrid work model with one day in the office and competitive salary.
- Why this job: Make a real impact in preventing financial crime while developing your skills in a supportive environment.
- Qualifications: Experience in economic crime and knowledge of AML regulations are essential; commitment to further qualifications is a plus.
- Other info: Be part of a team that values compliance and offers training opportunities.
The predicted salary is between 38000 - 53200 £ per year.
Rev & Regs are seeking a Financial Crime Officer to work for a dynamic and well-established Bank in Maidstone, Kent.
This role is in the second line of defence overseeing the first line of defence in business-as-usual activities in relation to all economic crime risks.
Responsibilities:
The Financial Crime officer will provide support as directed with:
- KYC, client onboarding, beneficiary verification and economic crime prevention.
- Reviewing and/or providing guidance on higher risk activity referred by first line of defence including payments, new or reviews of various relationship types, and other changes.
- Delegated authority from the Nominated Officer the review, assessment, reporting and managing, as necessary, of Suspicious Activity Reporting and other law enforcement or regulatory reporting.
- Conducting other activities including Monitoring, horizon scanning, economic crime systems oversight and country risk assessment alongside other referrals.
- Advise the business on all areas of day-to-day economic crime compliance
- Act as a point of escalation for the business for economic crime matters, ensuring the business is provided with prompt advice.
- Ensure that suspicious activity reports are investigated within the agreed timescales and escalated to the Nominated Officer and reported to the National Crime Agency under delegated authority as appropriate.
- Support the conduct of economic crime monitoring across all relevant business areas.
- Support the provision of training, development and delivery of economic crime communications and initiatives.
- Support key stakeholders to ensure effective systems and controls are in place for the management of economic crime.
- Investigate and making decisions on referrals made by first line of defence and supporting product governance in line with delegated authorities.
- Support first line of defence in delivering charity legislation compliance as part of meeting economic crime obligations.
Experience:
- Must have experience working in the field of economic crime e.g. anti-money laundering.
- PC skills including use of MS Office.
- Knowledge of JMLSG, AML regulations, other economic crime legislation and sources of information to support investigations.
- Ability to conduct research in support of provision of advice or decisions
- Ability to make decisions within delegated authority & recognise when escalation is appropriate.
- ICA advanced certificate or diploma in AML or equivalent or commitment to study towards a qualification
Salary: £38,000
Location: Hybrid (1 day per week in Maidstone office)
Financial Crime Officer employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Officer
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in economic crime, particularly anti-money laundering. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals already working in financial crime roles. Attend industry events or join relevant online forums to connect with others in the field. This can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled economic crime issues in the past. Be ready to explain your decision-making process and how you escalated matters when necessary, as this will showcase your practical experience.
✨Tip Number 4
Research the bank's current initiatives and challenges related to economic crime. Tailoring your conversation during interviews to reflect your understanding of their specific needs can set you apart from other candidates.
We think you need these skills to ace Financial Crime Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in economic crime, particularly in anti-money laundering. Use specific examples that demonstrate your skills in KYC, client onboarding, and suspicious activity reporting.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the bank. Mention your understanding of the responsibilities and how your background aligns with their needs, especially in providing guidance on higher risk activities.
Showcase Relevant Qualifications: If you have an ICA advanced certificate or diploma in AML, make sure to mention it prominently. If you're committed to studying towards a qualification, include that as well to show your dedication to the field.
Highlight Decision-Making Skills: Emphasise your ability to make decisions within delegated authority and your experience in escalating issues appropriately. This is crucial for the role, so provide examples of past situations where you've successfully navigated these challenges.
How to prepare for a job interview at Rev & Regs
✨Know Your Regulations
Familiarise yourself with key regulations such as JMLSG and AML laws. Being able to discuss these confidently will show your understanding of the economic crime landscape and demonstrate your readiness for the role.
✨Prepare for Scenario Questions
Expect questions that require you to think critically about economic crime situations. Prepare examples from your past experience where you successfully identified or managed risks, as this will highlight your practical knowledge.
✨Showcase Your Analytical Skills
Be ready to discuss how you conduct research and analysis in support of investigations. Highlight any tools or methodologies you use to assess risk and make decisions, as this is crucial for a Financial Crime Officer.
✨Demonstrate Communication Skills
As a point of escalation for economic crime matters, effective communication is key. Be prepared to explain how you would advise stakeholders and provide training on compliance issues, showcasing your ability to convey complex information clearly.
