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- Tasks: Support the Head of Financial Crime Compliance and review high-risk client onboardings.
- Company: Join a leading private bank focused on financial crime compliance and risk management.
- Benefits: Gain valuable experience in a key compliance role with potential for professional growth.
- Why this job: Make a real impact in financial crime prevention while working in a dynamic environment.
- Qualifications: University degree required; 5 years in AML/CFT compliance preferred.
- Other info: Professional certification like ACAMS/ICA is a plus, but not mandatory.
The predicted salary is between 43200 - 72000 £ per year.
The incumbent is responsible for supporting the Head of Financial Crime Compliance in performing the compliance function
This key second line-of-defence role will also ensure that the first line-of-defence maintains full responsibility and accountability for the financial-crime related risks taken within the business
Key Responsibilties
- Perform independent review of High-Risk client onboardings and periodic reviews submitted by the first line-of-defence
- Support the UK Head of Financial Crime Compliance in performing investigations, preparing reports and making recommendations on suspicious activities
- Provide financial crime-related expertise and advice to internal stakeholders
- Implement compliance controls in accordance with the Financial Crime Compliance Monitoring Plan
- Maintain knowledge and awareness of key regulatory changes related to Financial Crime Compliance matters impacting the business, including review of relevant local consultation papers, discussion papers, guidance, policy statements, thematic reviews, and enforcement cases. This includes identifying and assessing compliance risks and impact arising from new projects, products/services or UK regulatory requirements
- Update and implement FCC-related Policies and Procedures in accordance with local requirements and Group standards, policies and procedures; and
- Provide guidance on sanctions related matters, in conjunction with relevant Sanction stakeholders
- Organize training for internal stakeholders to maintain a high level of AML/CFT risk awareness
- Prepare external regulatory reports, as well as reports to internal management bodies
- Assist with internal and external audits, as well as requests from regulators or any competent authorities
- Draft Business Wide Risk Assessment of the Company; and
- Develop financial crime compliance monitoring plan
ACADEMIC & OTHER REQUIREMENTS
- University degree or higher education in a relevant field. Fluent proficiency in written and spoken English
- Professional certification such as ACAMS / ICA is preferred, but not a must
- Minimum of 5 years of relevant work experience, preferably in the AML/CFT compliance function of a private bank or private wealth company is ESSENTIAL
Financial Crime - private banking/wealth management experience essential employer: Austin Andrew Ltd
Contact Detail:
Austin Andrew Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime - private banking/wealth management experience essential
✨Tip Number 1
Make sure to stay updated on the latest regulatory changes in financial crime compliance. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 2
Network with professionals in the private banking and wealth management sectors. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed financial crime risks. Highlighting your practical knowledge will set you apart from other candidates.
✨Tip Number 4
Familiarize yourself with the tools and technologies used in financial crime compliance. Being knowledgeable about these resources can give you an edge during discussions with potential employers.
We think you need these skills to ace Financial Crime - private banking/wealth management experience essential
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasize your experience in financial crime compliance, particularly in private banking or wealth management. Use specific examples from your past roles to demonstrate your expertise.
Showcase Your Qualifications: Clearly outline your academic qualifications and any relevant certifications, such as ACAMS or ICA. This will help establish your credibility in the field of financial crime compliance.
Tailor Your Application: Customize your CV and cover letter to align with the job description. Address the key responsibilities mentioned, such as performing independent reviews and supporting investigations, to show that you understand the role.
Demonstrate Regulatory Knowledge: Include any knowledge or experience you have with regulatory changes related to financial crime compliance. Mention specific regulations or guidelines you are familiar with to highlight your awareness of the industry landscape.
How to prepare for a job interview at Austin Andrew Ltd
✨Showcase Your Expertise
Make sure to highlight your experience in financial crime compliance, especially within private banking or wealth management. Be prepared to discuss specific cases where you successfully identified and mitigated risks.
✨Stay Updated on Regulations
Demonstrate your knowledge of current regulatory changes related to financial crime compliance. Discuss how you keep yourself informed about local consultation papers and guidance that impact the business.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Prepare examples of how you've handled high-risk client onboardings or suspicious activity investigations in the past.
✨Emphasize Communication Skills
Since the role involves providing advice to internal stakeholders and organizing training, be ready to showcase your communication skills. Share experiences where you effectively conveyed complex compliance issues to non-experts.
