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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 work 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 Southampton and work in-office 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 Southampton, Hampshire 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 EDD and high-risk accounts. Engaging with industry experts can provide valuable insights and may even lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully conducted EDD reviews or handled high-risk cases in previous roles. Real-life scenarios will showcase your expertise and problem-solving skills to potential employers.
✨Tip Number 4
Demonstrate your ability to mentor and train others by preparing a brief outline of a training session you could deliver on KYC or EDD processes. This will highlight your leadership skills and readiness to contribute to the team.
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 🫡
Tailor Your CV: Make sure your CV highlights your experience with EDD, AML, and KYC processes. Use specific examples from your previous roles that demonstrate your expertise in handling high-risk accounts.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and your understanding of UK AML & CTF regulations. Mention how your skills align with the responsibilities outlined in the job description, particularly your experience in mentoring and training.
Showcase Relevant Experience: When detailing your work history, focus on your experience in banking or FinTech environments. Highlight any specific achievements related to conducting EDD reviews or improving compliance processes.
Prepare for Potential Questions: Anticipate questions related to your knowledge of regulatory obligations and your approach to mentoring colleagues. Be ready to discuss how you would handle complex customer account reviews and provide insights into continuous improvement strategies.
How to prepare for a job interview at FinTech People
✨Know Your Regulations
Familiarise yourself with UK AML & CTF regulations, including POCA, JMLSG, MLR 2017, and FATF. Being able to discuss these in detail will demonstrate your expertise and show that you are well-prepared for the role.
✨Showcase Your Experience
Prepare specific examples from your past work where you successfully reviewed high-risk cases or conducted EDD. Highlighting your hands-on experience will help you stand out as a strong candidate.
✨Emphasise Your Mentoring Skills
Since the role involves coaching and training colleagues, be ready to discuss your mentoring experiences. Share how you've helped others understand KYC, KYB, and EDD processes, showcasing your ability to lead and support teams.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in high-risk situations. Think through potential challenges you might face in the role and how you would address them, demonstrating your critical thinking abilities.
