At a Glance
- Tasks: Provide expert advice on financial crime compliance and perform quality assurance reviews.
- Company: Join Commerzbank, a leader in secure banking and compliance.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Other info: Dynamic team environment with a commitment to diversity and inclusion.
- Why this job: Make a real difference in the fight against financial crime while developing your career.
- Qualifications: Knowledge of financial crime regulations and experience in compliance roles.
The predicted salary is between 36000 - 60000 £ per year.
Commerzbank London Branch is committed to providing exceptional financial services while adhering to the highest standards of compliance and risk management. Our mission is to ensure a secure banking environment that fosters trust and integrity.
About the Role
The role entails providing Fraud and Financial Crime related advice relating to the AML/CTF, Sanctions, Trade Finance, ABC, Anti-Tax Evasion Facilitation Fraud, and Modern Slavery Risk Pillars (collectively known as Financial Crime Compliance Risk Pillars). The role will also entail performing periodic testing and quality assurance (QA) reviews on the Anti-Money Laundering (AML), Sanctions, Counter Terrorism Financing (CTF) and Anti-Bribery and Corruption (ABC) specialisms within the Financial Crime Team (FCT).
Responsibilities
- Support AML/CTF, Sanctions, Trade Finance and ABC, ATEF, Fraud & MS&HT, QA Programme Leads with the day-to-day transaction advisory work, policy, and procedure review, first line of defence (FLOD) and second line of defence (SLOD) training set-up.
- Actimize and Pelican OFAC sanctions screening.
- Perform Quality Assurance testing in line with the requirements of applicable procedures.
- Compile management information, horizon scanning duties, mailbox and query management, and general team administration.
- Support in the implementation of UK AML/CTF, Sanctions, ABC, ATEF and Fraud legislation, regulation, and industry guidance across Commerzbank London Branch.
- Support the Financial Crime QA lead with the QA of the underlying controls and make risk‑based determinations on whether the underlying activities subject to the QA is in line with relevant policies and provide written justification for QA conclusion.
- Ensure that QA results and findings are properly documented and escalated and that related remedial actions are monitored and adequately implemented.
- Provide input into drafting and maintenance of AML/Sanctions local policies and procedures as required.
- Support the programme leads deliver the following annual tasks:
- Annual Compliance Risk Assessments
- Annual Money Laundering Reporting Officer (MLRO) and REP-CRIM Report
- Global Tax Havens & Offshore Financial Centres List Review
- Audit and 2LOD Compliance Review or Quality Assurance Queries
- Triage incoming queries in team mailboxes in a timely manner and support with the day-to-day tracking of FLOD and SLOD queries.
- Track progress and milestones in team projects, through minute taking, deck preparation and research as required.
- Proactively keep abreast of changes to regulatory and legislative rules and principles, by attending conferences, seminars, and training courses (where possible) and provide summary reports of learning by way of cross‑training.
- Support Sanctions Lead in 2LOD Actimize and Pelican OFAC sanctions screening.
- Support in the preparation of Financial Crime Compliance (FCC) metrics and reporting for management packs and committees.
Qualifications
Strong knowledge of Financial Crime, legal and regulatory environment in relation to Corporate and Investment Banking. Excellent understanding of industry guidance, such as Joint Money Laundering Steering Group (JMLSG). Strong understanding of banking products, complex transactions, industry standards, and financial crime regulatory environment.
Required Skills
- Experience in assessing customer and transaction risk from a Financial Crime perspective and identifying suitable risk mitigation measures.
- Experience in providing advice/guidance to the FLOD on Financial Crime legal and regulatory requirements.
- Good understanding of AML/CTF, Sanctions, Trade Finance, Fraud and Bribery and Corruption laws across Europe.
- Experience in assurance testing of Financial Crime controls.
- Excellent analytical and critical thinking skills.
- Strong PowerPoint, Excel and researching skills are required.
- Experience in drafting bank-wide communication and minute‑taking.
- The individual must be able to work under pressure, must be highly proactive, agile and can self‑prioritise their workload.
Key Requirements
- Experience working within Financial Crime Compliance department.
- Professional qualification in AML/Financial Crime (ICA, ACAMS or equivalent) is desirable.
- Current right to work in the UK.
Commerzbank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Seniority level
- Mid-Senior level
Employment type
- Full‑time
Job function
- Finance
Financial Crime Programme Officer employer: Commerzbank AG
Commerzbank London Branch is an excellent employer that prioritises a culture of compliance and integrity, offering employees the opportunity to engage in meaningful work within the Financial Crime Compliance sector. With a commitment to professional development, employees benefit from ongoing training and support, fostering growth in their careers while contributing to a secure banking environment. Located in the vibrant city of London, the bank provides a dynamic workplace that values diversity and inclusivity, making it an attractive choice for those seeking a rewarding career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Programme Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Commerzbank AG looking for candidates who are engaged and informed.
We think you need these skills to ace Financial Crime Programme Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Commerzbank AG. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Commerzbank AG
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Commerzbank AG’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
