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- Tasks: Ensure compliance with financial crime regulations and provide training to staff.
- Company: Global banking group located in the vibrant West End.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Why this job: Join a dynamic team and make a real difference in financial compliance.
- Qualifications: Experience in banking compliance, particularly in AML and financial sanctions.
- Other info: Mid-senior level position with a focus on career development.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a global banking group with offices based in the West End. They offer Corporate banking and Asset management services in the UK market.
Responsibilities
- Maintenance of the financial crime (AML, CFT/PF, sanctions, bribery and corruption and fraud) framework; defining and delivering financial crime training; conducting suspicious activity monitoring and reporting; reviewing due diligence on clients and third parties; monitoring third party payments; and sanctions monitoring of asset management positions.
- Development and implementation of the compliance framework for the London branch, which meets the requirements of the Prudential Regulation Authority, the Financial Conduct Authority, the US Securities Exchange Commission and the Central Bank of Bahrain.
- Provision of day‐to‐day compliance advice, monitoring adherence with the rules and regulations and developing internal policies and processes to ensure that regulatory and conduct risks are identified, assessed, monitored and managed in line with the Bank's risk appetite.
- Monitor and assess the impact of regulatory developments in relation to financial crime and engage with the relevant business areas to ensure they are implemented.
- Develop and conduct AML and financial sanctions monitoring.
- Conduct financial sanctions monitoring on payments.
- Review initial and on‐going KYC due diligence for clients and third parties and act as a point of escalation for the business.
- Support with the investigation of escalated transaction monitoring alerts.
- Provide staff training on financial crime matters and other compliance subjects as necessary.
- Oversee FATCA compliance.
- Prepare management information.
- Maintain relevant policies, procedures and risk assessments.
- Maintain the compliance manual and ensure it is effectively communicated to all staff.
- Carry out monitoring activities and follow‐up on recommendations arising from the monitoring programme.
- Advise on compliance issues arising in the business.
- Review and approve financial promotions and maintain appropriate records.
- Conduct independent investigation of client complaints where appropriate.
- Manage and respond to external due diligence requests received from third parties.
Experience Required
- Experience of working in the Compliance department of a bank, with experience of AML and financial sanctions regulation, preferably as a deputy MLRO.
- Previous experience on cross border payments in high risk jurisdictions would be an advantage.
- Sound knowledge of the UK Money Laundering regulations and the guidance of the Joint Money Laundering Steering Group.
- Sound knowledge of UK HMT and US OFAC financial sanctions legislation and practical implementation of safeguards to prevent breaches of this legislation.
For further information please contact Hannah Tabatabai.
Seniority level: Mid-Senior level
Employment type: Full‐time
Job function: Finance
Industries: Banking, Investment Banking, and Financial Services
Compliance Officer and DMLRO in London employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer and DMLRO in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and compliance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its compliance framework. Be ready to discuss how your experience aligns with their needs, especially around AML and financial sanctions. Show them you’re the perfect fit!
✨Tip Number 3
Don’t just apply through job boards; head over to our website and submit your application directly. This shows initiative and can help you stand out from the crowd. Plus, we love seeing candidates who take that extra step!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It keeps you on their radar and shows your enthusiasm for the role. Just keep it professional and concise!
We think you need these skills to ace Compliance Officer and DMLRO in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Officer role. Highlight your experience with AML, CFT/PF, and financial sanctions. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Relevant Experience: When detailing your work history, focus on your experience in compliance, especially in banking. Mention any specific projects or achievements that relate to the responsibilities listed in the job description.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you brush up on the UK Money Laundering regulations and the guidance from the Joint Money Laundering Steering Group. Being able to discuss these in detail will show that you’re not just familiar with the rules, but that you can apply them practically.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully managed compliance issues or conducted AML training. This will help demonstrate your hands-on experience and how it aligns with the responsibilities of the Compliance Officer role.
✨Understand the Business
Research the global banking group and their operations in the UK market. Understanding their corporate banking and asset management services will allow you to tailor your responses and show that you’re genuinely interested in the company and its mission.
✨Prepare Questions
Have a few insightful questions ready to ask at the end of the interview. This could be about their approach to financial crime training or how they monitor regulatory developments. It shows that you’re engaged and thinking critically about the role.
