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For Companies At a Glance
- Tasks: Conduct investigations and prepare reports on suspicious activities in banking.
- Company: Join a thriving retail and corporate banking firm making waves in the industry.
- Benefits: Enjoy competitive pay, potential for remote work, and a dynamic team environment.
- Why this job: Be part of a crucial role in compliance, ensuring safety in financial transactions.
- Qualifications: Knowledge of regulations, strong analytical skills, and attention to detail are essential.
- Other info: Opportunity for growth and involvement in impactful projects within the financial sector.
The predicted salary is between 43200 - 72000 £ 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.
THE 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
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
#J-18808-Ljbffr
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
Familiarise yourself with the latest regulations and guidelines related to compliance and financial crime. This will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the compliance and financial crime sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to scenarios involving SAR investigations and compliance oversight. Being able to articulate your thought process and decision-making skills will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by discussing specific examples of how you've successfully identified and escalated suspicious activities in previous roles. This will highlight your ability to handle complex data sets and your attention to detail.
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 highlights relevant experience in compliance and financial crime. Emphasise your understanding of the local regulatory environment and any specific achievements related to suspicious activity reporting.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about compliance and financial crime. Mention specific experiences that demonstrate your analytical skills and attention to detail, as well as your ability to work under tight deadlines.
Showcase Relevant Skills: When detailing your experience, focus on your technical knowledge of AML/KYC regulations and your ability to analyse complex data sets. Use examples to illustrate how you've successfully implemented compliance measures in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in compliance.
How to prepare for a job interview at Compliance Professionals
✨Understand the Regulatory Landscape
Familiarise yourself with the local regulatory environment and key legislation such as POCA 2002 and Money Laundering Regulations. Being able to discuss these topics confidently will demonstrate your knowledge and commitment to compliance.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully analysed complex data sets. Highlight your attention to detail and how it has helped you identify suspicious activities or improve processes in previous roles.
✨Communicate Clearly and Effectively
Since strong verbal and written communication skills are essential, practice articulating your thoughts clearly. Be ready to explain your approach to preparing SAR reports and how you ensure compliance with regulations.
✨Be Ready for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios related to compliance and financial crime. Think of past experiences where you had to make quick decisions or handle challenging situations, and be prepared to share those stories.
