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For Companies At a Glance
- Tasks: Oversee AML/CFT risk management and conduct reviews to ensure compliance.
- Company: Join a leading retail and corporate banking firm with a strong reputation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in financial crime prevention and compliance.
- Qualifications: AML compliance experience and relevant certifications preferred.
- Other info: Great opportunity for career growth and skill development.
The predicted salary is between 36000 - 60000 £ per year.
The Company
Our client is a successful retail and corporate banking firm. They are looking to hire a Senior Associate within Compliance and Financial Crime.
Responsibilities
- Provide independent oversight of first line AML/CFT risk management activities, including customer due diligence, transaction monitoring, and screening.
- Conduct risk-based and thematic reviews to assess the adequacy and effectiveness of AML controls and procedures across business units.
- Identify and report on gaps, control weaknesses, and breaches, and track remediation to closure.
- Review and challenge first line risk assessments, escalations, and decisions on high-risk customers or transactions.
- Ad hoc projects and assignments
- Assist the MLRO in investigating unusual or suspicious activity escalated by the business.
- Prepare and support the filing of Suspicious Activity Reports
- Support the MLRO in interactions with regulators, including inspections, audits, and reporting obligations.
- Assist in preparing responses to regulatory requests
- Provide advice to the business and operational teams on AML/CTF compliance issues
- Monitor changes to applicable laws and regulations and support implementation of policy and process updates to ensure ongoing compliance.
- Act as the primary point of contact from compliance
- Analyze AML-related data and trends to identify emerging risks or control issues.
- Prepare MI for the MLRO, senior management, and relevant committees to support governance and decision-making.
- Participate in relevant governance forums, risk committees, or working groups relating to financial crime.
- Support the MLRO in preparing reports and updates for senior management and the Board
- Serve as the key point of contact for data protection
- Develop and deliver training on data protection-related topics.
- Manage various administrative duties
Qualifications / Experience Required
- Professional certifications such as CAMS, ICA Diploma, or equivalent AML/CTF qualification preferred.
- Experience in AML compliance, preferably in a regulated financial institution.
- Strong understanding of AML/CTF laws, regulations, and regulatory expectations.
- Experience operating within a 3 Lines of Defence model.
- Excellent analytical, investigative, and problem-solving skills.
- Strong interpersonal, communication, and stakeholder management abilities.
For further information please contact Natalie Eshelby
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Senior Associate Compliance and Financial Crime employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Associate Compliance and Financial Crime
✨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 brushing up on AML/CFT regulations and recent trends in financial crime. We recommend practising common interview questions and having examples ready that showcase your experience in compliance. Confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each application. Quality over quantity, folks!
✨Tip Number 4
Follow up after interviews! A simple thank-you email can set you apart from other candidates. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Senior Associate Compliance and Financial Crime
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Associate role. Highlight your experience in AML compliance and any relevant certifications like CAMS or ICA Diploma. 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 financial crime. Share specific examples of your past work that relate to the responsibilities listed in the job description.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to highlight your analytical and problem-solving skills in your application. We love seeing how you've tackled complex issues in the past!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Compliance Professionals
✨Know Your AML/CTF Stuff
Make sure you brush up on your knowledge of AML and CTF laws and regulations. Be ready to discuss how you've applied this knowledge in previous roles, especially in a regulated financial institution. This will show that you’re not just familiar with the terms but can also implement them effectively.
✨Prepare for Scenario Questions
Expect to be asked about specific scenarios related to compliance and financial crime. Think of examples from your past experience where you identified risks or managed compliance issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Show Off Your Analytical Skills
Since the role requires strong analytical and investigative skills, be prepared to discuss how you've used data to identify trends or control issues in the past. Bring examples of reports or analyses you've conducted that led to significant improvements in compliance.
✨Engage with Stakeholders
Demonstrate your interpersonal and communication skills by discussing how you've worked with various stakeholders in previous roles. Highlight any experiences where you’ve had to challenge decisions or provide advice on compliance issues, as this will showcase your ability to navigate complex situations.
