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- Tasks: Oversee AML activities, ensuring compliance and risk mitigation for client onboarding.
- Company: Join the Bank of London, a pioneering global clearing and transaction bank.
- Benefits: Enjoy competitive salary, generous 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 innovative technology.
- Qualifications: Strong experience in financial crime regulation and excellent analytical skills required.
The predicted salary is between 60000 - 75000 £ 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 in London 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 in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to financial crime risk and think about how your skills align with their needs. This will help you stand out as a candidate who truly gets what they’re about.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to AML and compliance. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your experience effectively.
✨Tip Number 4
Don’t forget to follow up after your interviews! A quick thank-you email can leave a lasting impression and show your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace AML Onsite Analyst in London
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 this role requires excellent written communication, 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 Relevant Experience: Don’t forget to emphasise your previous experience with AML controls, especially in relation to crypto-assets or blockchain. We’re looking for candidates who can demonstrate their understanding of financial crime risks across different business segments.
Apply Through Our Website: For the best chance of success, make sure to submit your application through our website. This way, we can easily track your application and get back to you quicker!
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 NBFI clients.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities by discussing how you've identified trends or gaps in financial crime policies. Bring examples of how your insights led to actionable improvements, as this will show your potential employer that you can think critically about complex data.
✨Engage with Stakeholders
Since the role involves liaising with various stakeholders, practice how you'll communicate effectively with them. Think of examples where you've successfully collaborated across teams, and be ready to explain how you can bring that experience to their organisation.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving skills in real-world situations. Prepare by thinking through potential challenges you might face in the role and how you would address them, particularly regarding compliance and risk assessment.