At a Glance
- Tasks: Investigate suspicious transactions and conduct customer risk assessments to ensure compliance.
- Company: Join Coventry Building Society's AML team, dedicated to fighting financial crime.
- Benefits: Enjoy 28 days holiday, a bonus scheme, and extensive wellbeing support.
- Other info: Hybrid working model with great career development opportunities.
- Why this job: Make a real difference in preventing money laundering and terrorist financing.
- Qualifications: Strong analytical skills and attention to detail required.
The predicted salary is between 30000 - 40000 £ per year.
Our AML team is responsible for ensuring the Society’s compliance with regulations by operating defences in relation to money laundering, Sanctions and terrorist financing. We are now recruiting a Transaction Monitoring and Sanctions Investigator to join them. This is a 12 month opportunity.
The role holder will be responsible for completing comprehensive, thorough, and timely investigations of suspicious behaviour via our transaction monitoring system and internal reports. They will also complete customer risk assessments, identifying where Enhanced Due Diligence is required in accordance with the Money Laundering Regulations, and manage the customer within the risk appetite of the Society.
Using a variety of sources, including publicly available sources, and through interaction with both internal and external stakeholders, such as other regulated firms and law enforcement, investigations will need to be documented accordingly to evidential standards, and provide recommendations for outcomes on investigations based on sound, verified evidence for approval. This will include, where appropriate, making disclosures under the prescribed and most appropriate format to the National Crime Agency (NCA).
This role operates Monday to Friday 9am – 5pm and once up to speed the team operate on a hybrid basis and are on-site at least 1 day a week either in our Coventry and / or Manchester office.
Our benefits include:
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
- Annual discretionary bonus scheme
- Personal pension with enhanced contributions
- Maternity, paternity and shared parental leave
- Extensive wellbeing support
- Life assurance (6 times annual salary)
Find out more about the fantastic benefits of joining Coventry Building Society here. We reserve the right to close this advert early if we receive a high volume of suitable applications.
Transaction Monitoring and Sanctions Investigator in Coventry employer: Coventry Building Society Careers
Coventry Building Society is an excellent employer, offering a supportive work culture that prioritises employee wellbeing and professional growth. With a strong commitment to compliance and integrity, the role of Transaction Monitoring and Sanctions Investigator provides meaningful opportunities to contribute to the fight against financial crime while enjoying generous benefits such as enhanced pension contributions, a discretionary bonus scheme, and flexible hybrid working arrangements from our Coventry and Manchester offices.
Contact Details:
Coventry Building Society Careers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Transaction Monitoring and Sanctions Investigator in Coventry
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in AML or compliance roles. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of money laundering regulations and sanctions. We recommend practising common interview questions related to transaction monitoring and showcasing your analytical skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Transaction Monitoring and Sanctions Investigator role. We love seeing applications directly from our site, and it helps us keep track of all the amazing candidates!
We think you need these skills to ace Transaction Monitoring and Sanctions Investigator in Coventry
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction Monitoring and Sanctions Investigator role. Highlight relevant experience in AML, compliance, and investigations. 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 this role and how your background makes you a perfect fit. We love seeing genuine enthusiasm for the work we do.
Showcase Your Attention to Detail:In this role, attention to detail is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our fantastic benefits!
How to prepare for a job interview at Coventry Building Society Careers
✨Know Your AML Basics
Make sure you brush up on your Anti-Money Laundering (AML) knowledge. Understand the key regulations and frameworks, especially those related to transaction monitoring and sanctions. This will show that you're not just interested in the role but also knowledgeable about the field.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific scenarios related to suspicious transactions or customer risk assessments. Think of examples from your past experiences where you successfully navigated similar situations, and be ready to discuss your thought process.
✨Familiarise Yourself with the NCA Process
Since making disclosures to the National Crime Agency (NCA) is part of the role, it’s crucial to understand this process. Research how disclosures are made and what constitutes a reportable suspicion. This will demonstrate your readiness to take on the responsibilities of the position.
✨Engage with Stakeholders
The role involves interaction with various stakeholders, so be prepared to discuss how you would approach these relationships. Think about your communication skills and how you can effectively collaborate with both internal teams and external partners to achieve compliance goals.
