At a Glance
- Tasks: Investigate financial crime alerts and ensure compliance with regulations.
- Company: Join a leading retail and corporate banking firm with a strong reputation.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Dynamic team atmosphere with opportunities for growth and learning.
- Why this job: Make a real difference in preventing financial crime and protecting customers.
- Qualifications: Experience in Financial Crime Operations and strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
THE COMPANY
Our client is a successful retail and corporate banking firm. They are looking to hire a Senior Associate within the Financial Crime Operations team.
THE RESPONSIBILITIES
Transaction Monitoring
- Investigate transaction monitoring alerts generated by automated monitoring systems.
- Analyse customer transactional behaviour to identify unusual or suspicious activity.
- Determine whether alerts represent genuine financial crime concerns or false positives.
- Escalate suspicious matters to the MLRO through internal Suspicious Activity Reports (SARs).
- Ensure investigations are completed within agreed service levels.
Sanctions Screening
- Review customer and payment sanctions screening alerts.
- Investigate potential sanctions matches using internal systems and external intelligence.
- Escalate confirmed or potential sanctions concerns in accordance with Bank policy.
- Support sanctions list maintenance and screening effectiveness reviews.
Fraud Risk Management
- Investigate fraud alerts
- Identify emerging fraud trends and recommend control improvements.
- Support fraud prevention initiatives
Customer Due Diligence
- Review complex onboarding cases and enhanced due diligence documentation.
- Assess high-risk customers and complex ownership structures.
- Verify Ultimate Beneficial Owners (UBOs), directors, trustees, authorised signatories and other related parties.
- Ensure customer records comply with AML and sanctions requirements.
Financial Crime Investigations
- Conduct detailed investigations into potential money laundering, terrorist financing, sanctions breaches and fraud.
- Liaise with business units to obtain supporting evidence.
- Maintain comprehensive investigation records and audit trails.
- Produce clear investigation reports with appropriate recommendations.
Financial Crime Systems
- Support ongoing optimisation of transaction monitoring and sanctions screening systems.
- Participate in threshold, rule and scenario reviews.
- Identify opportunities to improve system effectiveness and reduce false positives.
- Assist in user acceptance testing (UAT) for financial crime system enhancements.
Regulatory Compliance
- Assist in implementing regulatory changes affecting Financial Crime Operations.
- Ensure compliance with internal policies, procedures and risk appetite.
Governance and Risk
- Contribute to periodic risk assessments and control reviews.
- Support internal and external audits.
- Identify process improvements to strengthen financial crime controls.
Maintain accurate management information and operational metrics.
Quality Assurance
- Ensure investigations are completed to a consistently high standard.
- Support quality assurance reviews and implement feedback. Promote continuous improvement across Financial Crime Operations.
EXPERIENCE REQUIRED
- Experience within Financial Crime Operations in a UK regulated financial institution.
- Strong knowledge of AML, CTF, sanctions and fraud prevention.
- Experience investigating transaction monitoring and sanctions alerts.
- Understanding of customer due diligence and enhanced due diligence.
- Knowledge of UK financial crime legislation and regulatory expectations.
- Excellent analytical and investigative skills.
- Strong report writing and communication skills.
- #J-18808-Ljbffr
Senior Associate – Financial Crime Operations employer: Compliance Professionals
As a leading wealth management firm in Greater London, we pride ourselves on fostering a collaborative work environment that prioritises compliance excellence and professional growth. Our commitment to employee development is reflected in our comprehensive training programmes and supportive culture, making us an ideal employer for compliance professionals seeking meaningful and rewarding careers in the financial services sector.
