Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Conduct due diligence on transactions to identify suspicious activity and ensure compliance.
- Company: BACB, a UK bank specialising in trade finance for Africa and the Middle East.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Great opportunity for career advancement in a supportive environment.
- Why this job: Join a dynamic team making a real impact in financial crime prevention.
- Qualifications: Knowledge of financial crime regulations and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
About Us
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK. Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
Additional Info
- Hybrid Working: 3 days onsite, 2 from home
- Location: City of London
- Contract Type: Permanent
Job Summary
The Financial Crime Operations (FCO) Associate (L1 & L2) role is responsible for conducting due diligence on all transactions referred to FCO, whether generated systematically or escalated manually prior to their execution. The Associate reviews and analyses transactional activity to identify unusual or suspicious activity, ensuring timely and accurate detection of potential financial crime. All due diligence must be completed in accordance with established policies, procedures, and control frameworks. In addition to the core responsibilities, the FCO Associate L2 role is authorised to perform the final release of transactions across business lines and products, as directed by management.
Key Work Outputs and Accountabilities
- Conduct in-depth analysis and investigation of all transactions referred to FCO, whether generated through automated systems or manual referrals from across the Bank.
- Review and investigate all system-generated alerts, ensuring accurate assessment and timely progression of cases.
- Take full ownership of individual alert cases, using appropriate case-management tools to meet required investigation timelines.
- Investigate, review, and escalate transaction-monitoring and sanctions-related alerts in line with departmental procedures.
- Ensure thorough investigation and documentation of suspicious transactions, including accurate record-keeping and escalation where appropriate.
- Support daily operational tasks relating to the Bank’s sanctions systems, including reviewing filter logs and maintaining sanctions screening lists as directed.
- Perform monthly, quarterly, or ad-hoc reconciliations of the Bank’s sanctions screening lists.
- Ensure issues and escalations are resolved efficiently and in accordance with Bank policies and procedures.
- Promote and maintain positive professional working relationships with clients, counterparties, and internal teams.
- Adhere to all Bank policies, procedures, and regulatory requirements relating to financial crime, AML, and sanctions.
- Maintain high standards of accuracy, integrity, and confidentiality in all investigative work.
- Apply subject-matter expertise in transactional due diligence to support and guide junior staff and other business areas.
- Assist in the development and delivery of training for new staff, particularly in identifying and reporting suspicious activity.
- Assist in the preparation, consolidation, and distribution of Management Information (MI) reports to support process enhancement and decision-making.
- Participate in projects and initiatives as required.
Required Qualifications and Experience
- Good knowledge of UN, UK, EU, and US regulatory requirements relating to Sanctions and Financial Crime.
- Good knowledge of the UK Anti-Money Laundering and wider Financial Crime regulatory framework.
- Good understanding of due diligence processes, including trigger for Enhanced Due Diligence.
- Proven ability to research, investigate, analyse, and evidence payment and trade finance transactional activity.
- Able to build effective working relationships and collaborate across teams.
- Exposure to African and Middle Eastern markets (desirable).
- Experience in Trade Services, Banking Services or Operations (desirable).
- UK or internationally recognised qualifications in Sanction, Anti Money Laundering or Financial Crime (desirable).
Associate, Financial Crime Operations in London employer: BACB
Contact Detail:
BACB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate, Financial Crime Operations in London
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime sector, especially those who work at BACB or similar banks. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial crime regulations. Make sure you can discuss how your skills align with the role of an FCO Associate. We want to see your passion for the industry!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled complex problems in past roles. This will demonstrate your ability to handle the due diligence and investigation tasks that are key to this position.
✨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 joining our team at BACB.
We think you need these skills to ace Associate, Financial Crime Operations in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate, Financial Crime Operations role. Highlight relevant experience and skills that match the job description, especially your knowledge of financial crime regulations and due diligence processes.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your experience in investigating transactions and how you've contributed to maintaining compliance in previous roles.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to emphasise your analytical skills in both your CV and cover letter. Mention any tools or methodologies you’ve used to investigate suspicious activities or manage cases.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at BACB
✨Know Your Regulations
Make sure you brush up on your knowledge of UN, UK, EU, and US regulatory requirements related to sanctions and financial crime. Being able to discuss these regulations confidently will show that you're serious about the role and understand the landscape you'll be working in.
✨Demonstrate Analytical Skills
Prepare to showcase your ability to analyse and investigate transactional activity. Think of examples from your past experiences where you've successfully identified unusual or suspicious activity. This will help you illustrate your problem-solving skills during the interview.
✨Build Rapport
Since the role involves maintaining positive professional relationships, practice how you can build rapport with your interviewers. Be friendly, engage in conversation, and show that you can collaborate effectively across teams. This will highlight your interpersonal skills.
✨Showcase Your Knowledge of Due Diligence
Be ready to discuss due diligence processes, especially Enhanced Due Diligence triggers. Prepare specific examples of how you've applied these processes in previous roles. This will demonstrate your expertise and readiness for the responsibilities of the Associate position.