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- Tasks: Conduct EDD reviews on high-risk customer accounts and mentor teams.
- Company: Join a fast-growing FinTech company making waves in the banking sector.
- Benefits: Enjoy a competitive salary, excellent benefits, and hybrid working options.
- Why this job: Be a key player in compliance, shaping best practices and driving improvements.
- Qualifications: Expertise in AML regulations and experience in banking are essential.
- Other info: Must be within commuting distance of Cardiff for office work three days a week.
The predicted salary is between 35000 - 38000 £ per year.
Join a rapidly growing FinTech company as an Onboarding Compliance Specialist. You will be responsible for conducting and overseeing EDD (enhanced due diligence) reviews on high-risk / complex customer accounts. You will serve as a subject matter expert for the business, advising and training internal teams on best practice and regulatory obligations.
Key Responsibilities:
- Review high risk / complex customer account applications.
- Lead and conduct in depth reviews / EDD of current customer accounts and activity.
- Act as SME for escalated KYC / KYB / CDD / EDD queries.
- Hold final approval for high risk customer account applications and reviews.
- Work collaboratively with senior stakeholders across 1LOD/2LOD providing support for gap analysis and thematic reviews.
- Work closely with, and provide expert advice, to wider operations teams and business leaders.
- Coach and mentor colleagues; delivering up to date and concise KYC / KYB / EDD training.
- Use data driven insights and personal observations to drive continuous improvement.
- Constructively challenge current processes and procedures and make recommendations to enhance processes.
Essential experience includes:
- Expert knowledge of banking KYB / CDD / EDD / AML / Onboarding requirements.
- Experience reviewing high risk cases.
- Detailed understanding of UK AML & CTF regulations POCA, JMLSG, MLR 2017, FATF etc.
- Experience mentoring, coaching and training colleagues.
- Experience working in a banking organisation is essential.
Location is key: Applicants must live within a commutable distance of Cardiff and be available to work from the office at least three days per week following a 6 week office based training period.
Salary: £35-38,000 plus excellent benefits.
AML Specialist - EDD / High Risk Accounts - Hybrid/Not Remote - Banking / FinTech Company employer: FinTech People
Contact Detail:
FinTech People Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AML Specialist - EDD / High Risk Accounts - Hybrid/Not Remote - Banking / FinTech Company
✨Tip Number 1
Familiarise yourself with the latest UK AML & CTF regulations, including POCA and JMLSG. Being well-versed in these regulations will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the banking and FinTech sectors, especially those who specialise in compliance. Attend industry events or join relevant online forums to gain insights and potentially get referrals for the role.
✨Tip Number 3
Prepare to discuss specific high-risk cases you've handled in the past. Be ready to explain your thought process and the outcomes of your decisions, as this will showcase your expertise and problem-solving skills.
✨Tip Number 4
Highlight any experience you have in mentoring or training others. This is a key aspect of the role, so demonstrating your ability to coach colleagues effectively will set you apart from other candidates.
We think you need these skills to ace AML Specialist - EDD / High Risk Accounts - Hybrid/Not Remote - Banking / FinTech Company
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an AML Specialist in a FinTech environment. Familiarise yourself with terms like EDD, KYC, and AML regulations to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in your CV, especially any roles involving compliance, risk assessment, or banking. Use specific examples that showcase your expertise in handling high-risk accounts and your understanding of UK AML regulations.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention how your background aligns with the company's needs and your commitment to continuous improvement in compliance processes.
Showcase Your Training Experience: Since mentoring and training are key aspects of this role, include any relevant experience you have in coaching others. Provide examples of how you've successfully trained colleagues on compliance practices or improved processes in previous positions.
How to prepare for a job interview at FinTech People
✨Know Your Regulations
Make sure you have a solid understanding of UK AML & CTF regulations, including POCA, JMLSG, MLR 2017, and FATF. Be prepared to discuss how these regulations apply to high-risk accounts and your experience in navigating them.
✨Showcase Your Expertise
As an AML Specialist, you'll be expected to act as a subject matter expert. Prepare examples from your past experiences where you've successfully conducted EDD reviews or mentored colleagues on KYC/KYB processes.
✨Demonstrate Collaborative Skills
Highlight your ability to work with senior stakeholders and cross-functional teams. Think of specific instances where you've collaborated on gap analysis or thematic reviews, and be ready to share those stories.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your problem-solving skills in high-risk situations. Practice articulating your thought process and decision-making when faced with complex customer account applications.
