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- Tasks: Support and strengthen AML/CFT compliance processes while advising stakeholders.
- Company: Join a leading financial institution focused on compliance and integrity.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in the fight against financial crime and enhance your career.
- Qualifications: Bachelor's degree and 4-6 years of AML/CFT or compliance experience.
- Other info: Opportunity to engage in training and collaborate on impactful projects.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a proactive and analytical individual to support and strengthen the AML/CFT compliance framework and processes. The role involves managing and implementing AML/CFT controls, advising stakeholders, performing enhanced customer due diligence (ECDD) reviews, conducting suspicious transactions reviews, providing support to junior team members and ensuring compliance with applicable regulations and MAS Notices.
Key Responsibilities
- AML/CFT Advisory & Onboarding ECDD Reviews
- Provide advisory to the first-line business units on AML/CFT-related areas such as customer onboarding, due diligence requirements, and risk mitigation measures.
- Review high-risk and escalated cases including PEPs, adverse media, high premium and complex structures.
- Assess source of wealth and source of funds for high-risk customers.
- Sanctions Management
- Escalate and advise on cases with true hit on sanctions.
- Review cases with sanctions risks and recommend the handling to manage the risks.
- Transaction Monitoring
- Review the transaction monitoring alerts investigated by the team and elevate suspicious activity.
- Submit Suspicious Transaction Reports (STRs) to STRO when required.
- Reporting and Compliance with AML/CFT Regulations
- Support regulatory audits, MAS inspections and internal audits related to AML/CFT.
- Assist in preparing periodic AML reports, risk assessments, and regulatory returns.
- Policy, Controls and Governance
- Contribute to the development and regular review of AML/CFT policy, procedures and risk assessment framework.
- Participate in control testing, quality assurance reviews, and remediation activities.
- Identify process improvements to enhance effectiveness and reduce false positives.
- Review controls and procedures to ensure compliance with the applicable requirements.
- Training and Stakeholder Engagement
- Deliver AML/CFT training and awareness sessions to staff and representatives.
- Collaborate with first-line business units to ensure consistent understanding and application of AML/CFT controls.
- Participate in AML-related projects and/or undertake tasks assigned from time to time.
Requirements
- Bachelor's degree.
- Professional certification such as CAMS, ICA, or IBF in AML/CFT is an advantage.
- 4 – 6 years of AML/CFT or compliance experience, preferably in insurance, banking, or financial advisor space.
- Strong knowledge of MAS AML/CFT Notice and Guidelines, Financial Services and Markets Regulations and Targeted Financial Sanctions, and insurance regulations.
- Experience with sanctions management and AML/CFT reviews of universal life insurance policies and unit trusts is an advantage.
Assistant Manager, Compliance (AML/CFT) in London employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Manager, Compliance (AML/CFT) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance field, especially those who work in AML/CFT. They might have insider info on job openings or can even refer you directly to hiring managers.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of MAS regulations and AML/CFT practices. We recommend creating a cheat sheet with key points and examples from your experience to showcase your expertise during the interview.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills in compliance and AML/CFT.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role.
We think you need these skills to ace Assistant Manager, Compliance (AML/CFT) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Assistant Manager, Compliance role. Highlight your experience in AML/CFT and any relevant certifications like CAMS or ICA. 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 compliance and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role requires a proactive and analytical mindset, be sure to include examples of how you've successfully managed compliance frameworks or conducted ECDD reviews in your application. We want to see your problem-solving skills in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your AML/CFT Stuff
Make sure you brush up on your knowledge of AML/CFT regulations, especially the MAS Notices and Guidelines. Be ready to discuss how you've applied this knowledge in previous roles, as it shows you're proactive and analytical—just what they're looking for!
✨Prepare for Scenario Questions
Expect questions that ask you to handle hypothetical situations, like reviewing high-risk cases or managing sanctions risks. Think through your past experiences and be ready to share specific examples of how you approached similar challenges.
✨Showcase Your Advisory Skills
Since the role involves advising stakeholders, prepare to demonstrate your ability to communicate complex compliance issues clearly. Practice explaining AML/CFT concepts in a straightforward way, as this will highlight your capability to engage with first-line business units effectively.
✨Engage with Questions
At the end of the interview, don’t forget to ask insightful questions about their AML/CFT framework and ongoing projects. This not only shows your interest but also gives you a chance to assess if the company aligns with your career goals.
