At a Glance
- Tasks: Support the AML team in ensuring compliance with sanctions laws and regulations.
- Company: Join a leading financial services firm committed to ethical integrity and compliance.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Other info: Opportunity to engage in strategic projects and develop valuable relationships across the business.
- Why this job: Make a real impact by enhancing sanctions compliance and working with industry experts.
- Qualifications: Ideal for those with knowledge of sanctions regulations and strong analytical skills.
The predicted salary is between 48000 - 72000 £ per year.
The AML team performs a number of functions, which include:
- Supporting and assisting senior management with adherence to applicable laws and regulations, as well as operating to high standards of business and ethical integrity;
- Interpreting applicable laws, regulations and standards and advising the London staff;
- Providing training where appropriate to staff on a number of relevant laws, regulations and standards;
- Monitoring and reporting on the firms and staff compliance with laws, regulations and standards.
Job purpose
Support the UK Head of Sanctions in the provision of sanctions expertise and advice to the business, and second level of defence support in the governance and oversight of key sanctions risk management processes.
Key responsibilities
- Support the Head of AML Sanctions and the team to ensure the UK has the infrastructure to comply with Group Sanctions Policy and UK legal and regulatory requirements in relation to payments filtering and sanctions screening.
- Lead on the horizon scanning and tracking of UK Sanctions and Trade regulatory developments and material geo-political events programme including producing guidance, policy and recommendations (with Legal input where required) for Compliance colleagues.
- Represent in relevant industry groups and advocacy initiatives to gather intelligence regarding Sanctions & Embargoes and Trade Compliance in the wider financial services sector, making recommendations to enhance the UK Sanctions compliance framework where necessary.
- Assist in ensuring local procedures required to implement Group Sanctions Policies and local regulations are up-to-date and appropriate.
- Identify opportunities to develop and improve the effectiveness of the sanctions infrastructure governance and oversight framework.
- Provide technical advice in relation to complex sanctions and embargoes queries to local stakeholders, wider business and nearshored hubs including UK Businesses in respect of Group Policy, and local requirements.
- Provide technical Sanctions & Embargoes payment alert disposition opinion/advice.
- Develop and maintain relationships with key business stakeholders.
- Review and report potential circumvention cases, voluntary self-disclosures and potential sanctions incidents/cases.
- Review and dispositioning of Sanctions name screening alerts.
- Manage, control and perform regulatory reports related to the UK frozen assets.
- Support on significant team processes carried out under Group and Local Policies such as List Management, controls and management information to identify any keys risks or trends.
- Providing Sanctions & Embargoes training where appropriate to staff on a number of relevant laws, regulations and the firm.
- Support on strategic and tactical projects affecting the London Branch sanctions compliance framework.
- Provide support/assistance to the wider team on payment and financial sanctions related topics.
AVP - AML Sanctions Manager employer: Morgan McKinley
As an AVP - AML Sanctions Manager, you will thrive in a dynamic and supportive work environment that prioritises compliance and ethical integrity. Our London office fosters a culture of continuous learning and professional development, offering employees the chance to engage with industry leaders and participate in significant projects that shape the future of sanctions compliance. With competitive benefits and a commitment to employee growth, we provide a rewarding career path for those looking to make a meaningful impact in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land AVP - AML Sanctions Manager
✨Tip Number 1
Familiarise yourself with the latest UK sanctions regulations and compliance frameworks. Understanding the nuances of these laws will not only help you in interviews but also demonstrate your commitment to staying updated in this rapidly changing field.
✨Tip Number 2
Network with professionals in the AML and sanctions space. Attend industry events or webinars where you can meet people who work in similar roles. This can provide you with insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss real-world scenarios related to sanctions compliance during your interview. Think of examples where you’ve had to interpret complex regulations or provide training, as this will showcase your practical experience and problem-solving skills.
✨Tip Number 4
Demonstrate your ability to build relationships with stakeholders. Be ready to share how you've successfully collaborated with different teams in the past, as this is crucial for the role and will highlight your interpersonal skills.
We think you need these skills to ace AVP - AML Sanctions Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in AML and sanctions management. Focus on specific achievements that demonstrate your ability to support compliance with laws and regulations, as well as your expertise in sanctions risk management.
Craft a Compelling Cover Letter:In your cover letter, express your passion for compliance and sanctions. Mention how your background aligns with the key responsibilities of the role, such as providing technical advice and developing relationships with stakeholders.
Showcase Relevant Skills:Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and the ability to interpret complex regulations. Provide examples of how you've successfully applied these skills in previous positions.
Highlight Training Experience:If you have experience in providing training on AML and sanctions, make sure to include this in your application. Detail the topics covered and the impact of your training on compliance within your previous organisations.
How to prepare for a job interview at Morgan McKinley
✨Understand the Regulatory Landscape
Familiarise yourself with the latest UK sanctions laws and regulations. Be prepared to discuss how these impact the business and demonstrate your knowledge of compliance frameworks.
✨Showcase Your Analytical Skills
Highlight your ability to interpret complex legal documents and provide actionable insights. Prepare examples of how you've previously identified risks or improved compliance processes.
✨Demonstrate Stakeholder Engagement
Be ready to talk about your experience in building relationships with key stakeholders. Discuss how you’ve effectively communicated compliance requirements and trained staff on relevant regulations.
✨Prepare for Scenario-Based Questions
Anticipate questions that require you to think critically about potential sanctions incidents. Practice articulating your thought process and decision-making in hypothetical situations.
