The role will be to perform 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).
This role will require competence across the following areas:
- Demonstrate excellent subject matter expertise of all elements of a risk based financial crime risk management framework of a global investment bank including Enhanced Due Diligence (EDD), Transaction Monitoring (TM), Sanctions Transaction and Name Screening, Enterprise-Wide Risk Assessments including evaluating controls across first and second lines of defence and all elements of an ABC risk control framework.
- Identify key risk areas and concerns within the FCT controls environment, and the ability to report these risks to senior management within the team.
- Demonstrate an understanding of the London Branch’s business requirements and ensuring the FCT functions are per-forming to the relevant regulatory requirements.
- Thorough understanding of the Three Lines of Defence and Controls Framework.
- Be a key member of the second line of defence with regards to financial crime prevention and provide support to management.
Key activities:
- Have a good understanding of UK regulatory and legislative compliance risk pillar.
- Perform Quality Assurance testing in line with the requirements of applicable procedures. Conduct thorough testing and reviews of controls and activities, via the quality assurance function, and make risk-based determinations on whether the underlying activities subject to the review is consistent 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 ac-tions are monitored and adequately implemented.
- Analyse changes in Compliance procedures, adjusting the assurance testing accordingly.
- Conduct ad-hoc investigations / projects / assignments, upon request.
- Participate in team meetings with senior stakeholders.
- Assist in departmental projects as required and any other tasks assigned by the respective line manager.
Key requirements:
- Experience with compliance risk pillars / investigations into risk/control functions
- Experience in Financial Crime compliance, Three Lines of Defence experience with a strong focus on AML considera-tions
- Strong analytical thinking and critical reasoning skills
- Strong written and verbal communications skills
- Ability to recognize and elevate risks and issues appropriately.
- Self-motivation and the ability to work independently.
- Collaborative and effective team player skills
- Ability to handle confidential information with appropriate discretion.
- Meticulous attention to detail
- Knowledge of UK, EU, and German regulation
- German and / or other European language skills advantageous
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. This document is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required by the incumbents. Job responsibilities are subject to change, with or without notice. All employees may be required to perform duties outside of their normal responsibilities at any time at the Firm’s total discretion.
This document does not constitute a contract of employment with you of any kind, express or implied for any duration, or with respect to any of its stated or omitted terms. As described in the Firm’s employee handbook, the Firm reserves the right to terminate your employment with or without cause, notice or reason at any time at its sole discretion.
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