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- Tasks: Join a dynamic team to prevent financial crime and ensure compliance.
- Company: A growing UK specialist bank focused on under-served market segments.
- Benefits: Enjoy a hybrid work model with competitive salary and career growth opportunities.
- Why this job: Make a real impact in a values-driven organisation while developing your expertise.
- Qualifications: Strong background in financial crime, compliance, and KYC processes required.
- Other info: No business travel expected; perfect for those seeking work-life balance.
The predicted salary is between 40800 - 61200 £ 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.
Candidate Profile
- 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 | London, UK | Hybrid employer: LMA
Contact Detail:
LMA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Specialist | London, UK | Hybrid
✨Tip Number 1
Familiarise yourself with the latest UK AML frameworks and regulations. Being well-versed in JMLSG guidance and the FCA Handbook will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the financial crime sector. Attend industry events or join relevant online forums to connect with others in the field. This can provide you with valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully handled KYC/CDD processes. Having specific examples ready will showcase your expertise and problem-solving skills, making you a more attractive candidate.
✨Tip Number 4
Research the bank's values and mission. Understanding their focus on under-served segments of the UK market will help you align your answers with their goals, showing that you're not just a fit for the role, but also for the company culture.
We think you need these skills to ace Financial Crime Specialist | London, UK | Hybrid
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime and compliance. Emphasise your knowledge of UK AML frameworks and any specific achievements in KYC/CDD processes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for financial crime prevention. Mention specific examples of how you've contributed to compliance efforts in previous roles, and express your enthusiasm for the opportunity at the bank.
Highlight Key Skills: In your application, clearly outline your analytical skills, attention to detail, and ability to manage competing priorities. These are crucial for the Financial Crime Specialist role, so make them stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Clear and professional communication is essential in this field, so ensure your application reflects that.
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 impact financial crime prevention and your previous experiences in applying them.
✨Demonstrate Analytical Skills
Highlight your analytical mindset by discussing specific examples where you've successfully investigated fraud alerts or conducted Enhanced Due Diligence (EDD). Show how your attention to detail has helped in identifying potential risks.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle high-risk scenarios. Prepare to explain how you would approach client due diligence and what steps you would take in various financial crime situations.
✨Showcase Your Communication Skills
Since the role involves providing guidance to internal teams, be ready to demonstrate your excellent written and verbal communication skills. Share examples of how you've effectively communicated complex information to non-experts.
