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- Tasks: Conduct EDD reviews on high-risk customer accounts and mentor internal teams.
- Company: Join a fast-growing FinTech company making waves in the banking sector.
- Benefits: Enjoy a competitive salary, excellent benefits, and a hybrid work model.
- Why this job: Be a key player in compliance while shaping best practices in a dynamic environment.
- 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 you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of high-risk cases you've reviewed in the past. Highlighting your experience in conducting EDD and mentoring colleagues will showcase your expertise and readiness for the role.
✨Tip Number 4
Research the company’s values and recent developments in the FinTech space. Tailoring your conversation to align with their mission and demonstrating your enthusiasm for their growth can 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 reflects your passion for compliance and risk management. Mention how your previous experiences align with the key responsibilities listed in the job description.
Showcase Your Training Experience: Since mentoring and training are crucial for this role, include any relevant experience where you've coached colleagues or led training sessions. This will highlight your ability to support and develop internal teams effectively.
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 EDD Experience
Prepare specific examples of your experience with enhanced due diligence reviews on high-risk accounts. Highlight any complex cases you've handled and the outcomes, as this will illustrate your capability in managing challenging situations.
✨Emphasise Your Mentoring Skills
Since the role involves coaching and training colleagues, be ready to discuss your mentoring experiences. Share how you've successfully guided others in understanding KYC, KYB, and EDD processes, showcasing your leadership abilities.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to constructively challenge existing processes or suggest improvements. Think about past experiences where you've identified gaps and how you proposed solutions, as this will highlight your proactive approach.
