At a Glance
- Tasks: Analyse financial crime policies and oversee AML activities at client sites.
- 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 clear career development opportunities.
- 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 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.
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.
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.
Onsite AML Analyst - Financial Crime Risk employer: Bank of London
The Bank of London is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the Financial Crime Risk Team. Employees benefit from a competitive salary package, extensive health and wellness support, and opportunities for professional growth, all while contributing to a purpose-driven mission that empowers global economies. With a strong commitment to diversity and inclusion, the Bank ensures that every team member feels valued and supported in their career journey.
StudySmarter Expert Advice🤫
We think this is how you could land Onsite AML Analyst - Financial Crime Risk
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime risk space, especially those 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 your interviews by brushing up on AML regulations and the latest trends in financial crime. Show us you’re not just knowledgeable but also passionate about making a difference in this field!
✨Tip Number 3
When you get that interview, don’t just answer questions—ask them too! Inquire about the team dynamics and how they tackle financial crime risks. It shows you’re genuinely interested and engaged.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re keen on being part of our innovative team at The Bank of London.
We think you need these skills to ace Onsite AML Analyst - Financial Crime Risk
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 Onsite AML Analyst role.
Showcase Your Analytical Skills:Since this role involves analysing client financial crime policies, be sure to include examples of your analytical prowess. We love seeing how you've identified risks or gaps in previous roles!
Be Clear and Concise:When drafting your application, clarity is key! Use straightforward language and structure your thoughts well. We appreciate a well-organised application that gets straight to the point.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
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, as this role requires a strong understanding of compliance frameworks.
✨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've identified trends or themes that led to significant improvements in financial crime policies or procedures.
✨Engage with Stakeholders
Since this role involves liaising with various stakeholders, practice how you'll communicate effectively with them. Prepare examples of how you've successfully collaborated with teams or clients in the past, especially in high-pressure situations.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving skills. Think about potential challenges you might face in the role and how you would approach them. This will show your forward-thinking mindset and ability to innovate solutions.
