At a Glance
- Tasks: Enhance financial crime controls and work with clients in the Fiduciary and Regulated Sectors.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm focused on SMEs.
- Benefits: Flexible working, private health cover, and generous family policies.
- Other info: Diverse and inclusive culture with excellent development opportunities.
- Why this job: Make a real impact in financial crime compliance while growing your career.
- Qualifications: Experience in fintech or banking, strong communication, and investigation skills.
The predicted salary is between 40000 - 50000 € per year.
About Allica Bank. Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description. You will be working within the expanding second line Compliance Department, as part of Financial Crime Compliance team, reporting into the Financial Crime Manager for the Fiduciary and Regulated Sectors. You will be part of a core team responsible for successfully delivering second line of defence oversight and advisory within the Bank together with Financial Crime and Compliance colleagues.
Role Description. As a 2LOD Financial Crime Analyst focusing on clients within the Fiduciary and Regulated Sectors, you will be responsible for updating and enhancing (on an ongoing basis) the newly formed policies and procedures for this client segment. In addition, the role requires working directly with clients and performing reviews on their financial crime control environment, which is the form of EDD and enhanced monitoring that Allica performs for the clients in these sectors.
Fiduciary sector currently covers the following client types:
- Self-Investment Pension Plan (“SIPP”)
- Small, self-administered pension schemes (“SSAS”)
- Investment Firms providing custody, payment execution and wealth management services for corporate clients
- Client Money Accounts (Lawyers & SRA supervised / CASS 7 / Other Regulated firms and Client Money Protection Schemes)
- Insolvency Practitioners
- Corporate trusts (Employee Benefit Scheme / Death in Service / Discretionary trusts generally / Discretionary fund manager)
Regulated Sector covers entities that are regulated by the FCA.
Principal Accountabilities:
- Enhance the financial crime risk management controls and procedures for customers in the Fiduciary and Regulated Sectors.
- The review, enhancement and, where needed, development of related policy, risk appetite, customer due diligence standards and minimum onboarding requirements, and the related procedures and processes for the above areas.
- Work closely with product and relationship teams (including digital operations who own onboarding processes) to develop and embed appropriate processes for the above listed clients.
- Work closely with the CDD team for the above customers to ensure the correct policies and procedures are in place.
- Review and enhancement of the customer onboarding journey to meet the requirements defined above.
- Design and review of relevant transaction monitoring scenarios and rule sets for the above sectors.
- Support the overall strategic direction of the business and make a significant contribution to the bank’s commercial success, while always promoting the company’s values.
- Operate as a key Financial Crime Subject Matter Expert for the Bank.
- Influence the culture within the business, to deliver fair treatment of customers and good customer outcomes.
Personal Attributes & Experience:
- Significant level of relevant experience working within a FinTech digital bank, UK bank or regulatory body.
- Technical understanding of UK banking regulations.
- Have a methodical and organised approach to tasks, with the ability to manage your time and deliver projects within the deadline set.
- Able to manage multiple projects at once and the flexibility to react to changing demands.
- Excellent written and verbal communication skills and the ability to translate complex regulation into business requirements.
- Strong investigation skills, able to clearly document findings with evidence in support.
- A ‘can-do’ attitude; the successful candidate will be required to roll up their sleeves and tackle projects potentially outside their comfort zone.
- Proven experience working collaboratively and effectively with multiple stakeholders in multiple lines of defence.
- Previous experience of developing and maintaining good working relationships with multiple teams across the business.
Working at Allica Bank. At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities.
- Options for flexible working.
- Regular social activities.
- Pension contributions.
- Discretionary bonus scheme.
- Private health cover.
- Life assurance.
- Family friendly policies including enhanced Maternity & Paternity leave.
Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working. We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity. We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Financial Crime Analyst in London employer: Allica Bank
Allica Bank is an exceptional employer, dedicated to fostering a supportive and inclusive work environment where employees are empowered to thrive. With a strong focus on employee development, flexible working options, and a commitment to diversity, Allica Bank ensures that its team members have the resources and opportunities they need to succeed while contributing to the bank's mission of serving established SMEs. Join us in making a meaningful impact within the financial sector, all while enjoying a vibrant workplace culture and comprehensive benefits.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Allica Bank. A friendly chat can open doors and give you insider info on what they're really looking for.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of financial crime compliance. Be ready to discuss how your skills align with the role and how you can contribute to enhancing their policies and procedures.
✨Tip Number 3
Show off your soft skills! Allica values collaboration and communication, so be sure to highlight your ability to work well with others and manage multiple projects effectively during your conversations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Allica team.
We think you need these skills to ace Financial Crime Analyst in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Financial Crime Analyst role. Highlight your relevant experience in financial crime compliance and how it aligns with Allica Bank's mission to support SMEs.
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your investigation skills and ability to manage multiple projects effectively.
Be Clear and Concise:When writing your application, keep it clear and to the point. Avoid jargon and make sure your communication is straightforward, as this reflects the excellent written skills we’re looking for.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining the Allica team!
How to prepare for a job interview at Allica Bank
✨Know Your Financial Crime Basics
Before heading into the interview, brush up on your knowledge of financial crime regulations and compliance standards. Understand the specific challenges faced by the Fiduciary and Regulated Sectors, as this will show your potential employer that you're not just familiar with the role but genuinely interested in making a difference.
✨Showcase Your Organisational Skills
As a Financial Crime Analyst, you'll need to manage multiple projects and deadlines. Prepare examples from your past experiences where you successfully juggled various tasks. This will demonstrate your methodical approach and ability to deliver under pressure, which is crucial for the role.
✨Communicate Clearly and Confidently
Excellent communication skills are key in this role. Practice explaining complex regulations in simple terms, as you may need to do this during the interview. Use clear examples to illustrate your points, and don’t shy away from discussing how you've effectively collaborated with different teams in the past.
✨Embrace the 'Can-Do' Attitude
Allica Bank values a proactive mindset. Be ready to discuss times when you tackled challenges outside your comfort zone. Highlight your willingness to roll up your sleeves and get involved, as this attitude aligns perfectly with their company culture and values.
