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- Tasks: Support client onboarding by reviewing AML and compliance frameworks for prospective clients.
- Company: Join The Bank of London, a pioneering global clearing and transaction bank.
- Benefits: Enjoy competitive salary, 25 days leave, private medical insurance, and flexible working options.
- Other info: Diverse and inclusive workplace with opportunities for personal and professional growth.
- Why this job: Make a real impact in financial crime risk management while working with cutting-edge technology.
- Qualifications: Strong experience in financial crime regulation and excellent analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
The Bank of London is a leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.
As part of the 2nd Line of Defence, the Financial Crime Risk Team sets the Bank’s Financial Crime Risk Policies and Standards framework, is responsible for monitoring and oversight of compliance with policy requirements, providing subject matter expertise advice and guidance, and internal and external reporting obligations.
In this important role, the Financial Crime Risk Manager will directly report to the Financial Crime Risk Director & MLRO (MLRO) and support the maturing and embedding of the UK Bank’s financial crime risk framework, liaising with key stakeholders, and providing advice and challenge to the 1st line of defense teams.
We are looking to hire a highly skilled AML Professional for our 2 Line Financial Crime team to support the client onboarding process by reviewing the AML and Compliance framework of prospective NBFI clients (Non-Banking Financial Institutions & Supplier and Outsourcer servicers). The Onsite AML Analyst is responsible for overseeing all Anti‑Money Laundering activities at the client or operational site. The role ensures compliance with regulatory requirements, internal policies, and industry best practices. The position acts as the primary AML contact onsite, providing guidance, quality oversight, and escalation management to ensure that financial crime risks are properly identified, assessed, monitored, and mitigated.
Job Requirements
- Strong experience in Financial Crime regulation, guidance and risk mitigation strategies.
- Understanding of different business segments and the associated financial crime risks.
- Creative and forward thinking, striving to improve and find solutions through effective innovation and ability to manage project and programmes of work end to end.
- Highly organised and structured with excellent written communications skills.
- Skilful co‑ordination in working across a wide range of stakeholders both within and beyond the function.
- Strong analytical skills, with the ability to identify themes and trends from large volumes of data.
- Strong Crypto‑assets or blockchain‑related AML controls experience.
Job Responsibilities
- Analyse client financial crime policies and procedures to identify gaps, risks, and required enhancements in preparation for onsite AML reviews.
- Collaborate with internal teams and key stakeholders to ensure all relevant information, context, and documentation is gathered prior to client visits.
- Support the review of high‑risk clients, providing subject‑matter expertise and guidance on appropriate EDD and risk mitigation approaches.
- Support the onsite AML reviews either at client premises or remotely via video conference engaging senior stakeholders and ensuring a professional, risk‑based assessment.
- Draft, refine, and finalise comprehensive onsite review reports, ensuring high quality, clarity, accuracy, and timely delivery.
- Ensure client onboarding, file‑review, and monitoring 1lod teams are fully updated on findings, risks, and required remediation actions.
- Support the AML Manager in overseeing control issues across assigned business lines, providing robust challenge, validation, and assessment of mitigating actions.
- Conduct quarterly risk assurance reviews on vendors and Low and Medium risk customers, documenting findings and escalating concerns where appropriate.
- Complete applications and documentation required by banking partners, ensuring accuracy, completeness, and compliance with partner expectations.
- Act as digital assets AML subject matter expert providing clear guidance on evolving AML/CFT standards, FATF guidance, including travel rule regimes, and Vasp/PSP licensing requirements.
Benefits
- Competitive salary package
- 25 days annual leave plus Bank Holidays
- Holiday allowance that increases with length of service
- Enhanced company pension offering (up to 20% salary sacrifice)
- Competitive sick pay
- Life Assurance - 4x annual salary
- Private Medical Insurance with comprehensive cover for you and your family
- 24/7 GP service and private prescription ordering
- Virtual physiotherapy for muscles, bones and joint care
- Digital counselling and virtual mental health support
- 24/7 confidential Employee Assistance Programme
- Digital gym and guided meditation classes
- Discounted gym memberships
- Annual eye care test and contribution towards glasses
- Market leading parental leave
- Neonatal support
- Partner support for antenatal appointments
- KIT days and structured support when returning to work
- Flexible working (subject to agreement)
- Fresh daily fruit and snacks
- Bi-weekly office breakfasts
- Peer-to-peer recognition programme with monthly value awards
- Clear goals and performance development framework
Diversity
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
AML Onsite Analyst employer: Bank of London
Contact Detail:
Bank of London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AML Onsite Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime sector, especially those who work at The Bank of London. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your AML knowledge. Be ready to discuss specific regulations and how they apply to different business segments. Show us you know your stuff!
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex concepts clearly, so try role-playing with a friend or using mock interviews. We want to see you shine when engaging with stakeholders.
✨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 our team at The Bank of London.
We think you need these skills to ace AML Onsite Analyst
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in financial crime regulation and AML. We want to see how your skills align with the specific requirements of the AML Onsite Analyst role.
Showcase Your Communication Skills: Since excellent written communication is key for this role, ensure your application is clear, concise, and free of errors. We love a well-structured application that reflects your ability to draft comprehensive reports.
Highlight Your Analytical Skills: Demonstrate your strong analytical abilities by providing examples of how you've identified risks or trends in previous roles. We’re looking for candidates who can think critically and provide insights from data.
Apply Through Our Website: We encourage you to submit your application through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and get back to you quickly!
How to prepare for a job interview at Bank of London
✨Know Your AML Stuff
Make sure you brush up on your knowledge of Anti-Money Laundering regulations and financial crime risk management. Be ready to discuss specific strategies you've used in the past to identify and mitigate risks, especially in relation to non-banking financial institutions.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities by discussing how you've handled large volumes of data in previous roles. Think of examples where you identified trends or gaps in compliance frameworks and how you addressed them.
✨Engage with Stakeholders
Since this role involves liaising with various stakeholders, practice how you'll communicate your findings and recommendations clearly. Be ready to explain how you’ve successfully collaborated with teams in the past to enhance compliance processes.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving skills. Prepare examples of how you've approached high-risk clients or complex AML situations, and be ready to outline your thought process and the outcomes of your actions.