At a Glance
- Tasks: Monitor financial crime developments and provide sanctions advice to stakeholders.
- Company: Leading international banking group based in the City.
- Benefits: Gain valuable experience in financial crime compliance and regulatory matters.
- Other info: Dynamic role with opportunities for professional growth and training.
- Why this job: Make a real impact in combating financial crime while developing your expertise.
- Qualifications: Legal background preferred; experience in financial crime and AML investigations required.
The predicted salary is between 45000 - 55000 £ per year.
THE COMPANY
Our client is a leading international banking group based in the City.
THE RESPONSIBILITIES
- Monitor industry and professional developments in respect of financial crime, stay informed, and identifying opportunities to enhance Branch risk mitigation and compliance, sharing developments with the wider team.
- Provide timely and consistent sanctions advice to key stakeholders. Act an SME on sanctions with an in-depth understanding of UK, EU, US and UN sanctions laws.
- Perform enhanced due diligence on Sanctions related referrals from the business using sanctions software and other sources of information.
- Be aware of new sanctions and regimes changes and adjust process and inform staff as necessary.
- Review and clear output from the sanctions batch matching process.
Assist with the maintenance of the administrative controls that support the framework.
Maintaining the sanctions query log and supporting due diligence.
- Formally escalating confirmed suspicious activities to the Suspicious Activity Reporting Unit.
- Engaging with relevant stakeholders including front-office relationship managers.
- Monitor industry and professional developments in respect of financial crime, stay informed, and identifying opportunities to enhance Branch risk mitigation and compliance, sharing developments with the wider team.
- Applying industry, risk and control expertise to support the team and Branch. Delivering fast, accurate and efficient sanctions screening in a timely manner.
- Maintaining professional working knowledge and application of legal and regulatory obligations in respect of Monty Laundering / Terror Financing and Sanctions, Anti Bribery and Corruption as it applies to the UK.
- Maintaining broad knowledge of international standards, guidance, recommendations and typologies from bodies including FATF, Wolfsberg, Egmont, IMF, World Bank and SWIFT.
- Maintaining a working knowledge of the Trade Finance and Correspondent Banking guidance and practices provided by World Trade Organisation (WTO), International Trade Centre and the International Chamber of Commerce.
- Give advice on regulatory matters such as sanctions, financial crime and licensing. Maintaining the sanctions query log and supporting due diligence.
- Updating and maintaining compliance process documents such as batch processing
- Training staff on sanctions and financial crime.
- Manage other ad-hoc tasks.
EXPERIENCE REQUIRED
- Legal background/degree preferred
- Prior experience of working in Financial Crime & Transaction Monitoring
- Previous experience in AML investigations
- A structured approach to the investigations of alerts
Financial Crime Temp (Sanctions) in London employer: Compliance Professionals
As a leading private bank in the UK, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and well-being. Our commitment to compliance excellence not only ensures a rewarding career path for our Financial Crime Compliance Lead but also offers unique opportunities for professional growth through continuous training and mentorship. Join us to be part of a prestigious institution where your expertise in wealth management will be valued and your contributions will make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Temp (Sanctions) in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Compliance Professionals.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Compliance Professionals might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Financial Crime Temp (Sanctions) in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Compliance Professionals will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Compliance Professionals. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Compliance Professionals confidence in your short-term commitment to the role.
How to prepare for a job interview at Compliance Professionals
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Compliance Professionals.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Compliance Professionals that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
