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- Tasks: Join a dynamic team to prevent financial crime and ensure compliance.
- Company: Be part of a growing UK specialist bank focused on underserved markets.
- Benefits: Enjoy a hybrid work model with no business travel required.
- Why this job: Make a real impact in a values-driven organisation that prioritises integrity.
- Qualifications: Strong background in financial crime or compliance is essential.
- Other info: Mentorship opportunities available for junior team members.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a growing UK specialist bank, is seeking a Financial Crime Specialist to join their First Line Risk function. This is a unique opportunity to contribute to a high-performing team within a bank that focuses on under-served segments of the UK market, with a strong presence in SME lending and customer savings.
The Financial Crime Specialist will play a critical role in maintaining the integrity of the bank's operations, acting as a key point of contact for financial crime prevention, client due diligence, and fraud oversight.
Key Responsibilities- Perform Enhanced Due Diligence (EDD) for high-risk customers and prepare comprehensive reports for the Money Laundering Reporting Officer (MLRO).
- Conduct investigations in collaboration with the 2nd Line Financial Crime team, supporting the submission of Suspicious Activity Event (SAE) reports.
- Provide expert guidance to internal teams on high-risk scenarios and regulatory requirements.
- Monitor and investigate fraud alerts, escalating findings where appropriate.
- Support Financial Crime Analysts in performing onboarding and ongoing KYC checks, including screening and transaction monitoring.
- Maintain accurate KYC/AML records and ensure all customer due diligence information is current and complete.
- Contribute to first-line assurance reviews, ensuring compliance with internal policies and risk appetite.
- Assist in embedding compliance procedures into operational processes and standard operating procedures.
- Mentor and support junior team members and business stakeholders to improve understanding of financial crime policies.
- Participate in cross-functional AML and KYC-related projects.
- Strong professional background in financial crime or financial services compliance.
- Solid knowledge of UK AML frameworks, including JMLSG guidance, the FCA Handbook, Money Laundering Regulations (MLRs), and FATF recommendations.
- Proven experience in KYC/CDD processes, particularly onboarding of sole traders, partnerships, and limited companies.
- Ability to interpret and advise on complex corporate structures.
- Excellent written and verbal communication skills.
- Strong analytical mindset and attention to detail.
- Ability to work independently and manage competing priorities.
This is an ideal opportunity for a financial crime professional seeking to join a values-driven organisation where specialist knowledge and integrity are highly valued. The successful candidate will be based in London, working on a hybrid model with no business travel expected.
Financial Crime Specialist - LMA employer: LMA
Contact Detail:
LMA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Specialist - LMA
✨Tip Number 1
Familiarise yourself with the latest UK AML frameworks and regulations, such as the JMLSG guidance and FCA Handbook. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial crime sector, especially those who work in compliance roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific case studies or scenarios where you've successfully handled KYC/CDD processes or fraud investigations. Real-life examples can showcase your expertise and problem-solving skills during interviews.
✨Tip Number 4
Research our company culture and values at StudySmarter. Understanding what we stand for will help you align your answers during interviews and show how you can contribute to our mission in the financial crime space.
We think you need these skills to ace Financial Crime Specialist - LMA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime and compliance. Use keywords from the job description, such as 'Enhanced Due Diligence', 'KYC', and 'AML frameworks' to demonstrate your suitability for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for financial crime prevention. Mention specific experiences that align with the responsibilities listed in the job description, such as conducting investigations or mentoring junior team members.
Highlight Relevant Skills: In your application, emphasise your analytical mindset, attention to detail, and ability to manage competing priorities. These skills are crucial for the Financial Crime Specialist role and should be clearly articulated.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential in the financial services sector.
How to prepare for a job interview at LMA
✨Know Your AML Frameworks
Make sure you have a solid understanding of UK AML frameworks, including JMLSG guidance and the FCA Handbook. Be prepared to discuss how these regulations apply to the role and provide examples from your experience.
✨Demonstrate Your Analytical Skills
As a Financial Crime Specialist, you'll need a strong analytical mindset. Prepare to showcase your ability to interpret complex data and corporate structures during the interview, perhaps by discussing a past case where your analysis made a difference.
✨Showcase Your Communication Skills
Excellent written and verbal communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, especially when explaining financial crime scenarios or compliance requirements.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making in high-risk situations. Think of examples from your previous roles where you successfully navigated challenges related to KYC/CDD processes or fraud investigations.
