At a Glance
- Tasks: Support AML/CFT defence through client screening, risk assessments, and transaction monitoring.
- Company: Leading finance sector client expanding its Compliance and Risk Team.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Join a collaborative team with opportunities for career advancement.
- Why this job: Make a real impact in combating financial crime while growing your career.
- Qualifications: Understanding of AML regulations and experience with screening software.
The predicted salary is between 29700 - 36300 £ per year.
Our leading Finance Sector Client is expanding its Compliance and Risk Team as they continue to grow. They are now seeking an AML Analyst to primarily support the Company's AML/CFT defence by undertaking client screening, risk assessments and transaction monitoring of the client base. Additionally, you will undertake AML assurance checking and be a point of reference for practical interpretation of AML policies and procedures across the business.
As an AML Analyst here you will:
- Support the Company's AML/CTF defence by undertaking screening and risk assessments of the client base to identify any links to PEPs, sanctions, adverse media and financial crime.
- Be a point of reference for practical interpretation of AML policies and procedures across the business.
- Work closely with the AML Manager and wider AML team to ensure our AML/CTF obligations are met and will build strong relationships with our Regions and local business areas where required.
- Maintain PEP and Higher Risk registers to include preparation of periodic updates and reconciliations.
- Investigate results of manual and automated transaction monitoring to ensure SARs are raised accordingly.
- Monthly quality assurance checks on agreed processes in respect of compliance with the IFGL AML/CFT internal procedures.
- Investigate external fraud incidents and recommend control enhancements where weaknesses have been identified.
The ideal candidate for the role of AML Analyst will have:
- An understanding of the Isle of Man's regulatory AML framework.
- Experience of using screening software such as World-Check, Dow Jones or Moody's Grid.
- Previous employment history within the financial crime function of a regulated financial services company.
- Ideally hold an ICA AML qualification and educated to A Level standard.
- Must be able to demonstrate practical experience of working on AML remediation projects such as risk rating and obtaining EDD.
AML Analyst employer: Orchard Recruitment
Join our dynamic team as an AML Analyst in the Isle of Man, where we prioritise a collaborative work culture and offer extensive opportunities for professional growth within the finance sector. Our commitment to compliance and risk management not only ensures a meaningful impact on the industry but also provides you with the chance to develop your skills alongside experienced professionals. Enjoy competitive benefits and a supportive environment that values your contributions and fosters career advancement.
StudySmarter Expert Advice🤫
We think this is how you could land AML Analyst
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Orchard Recruitment looking for candidates who are engaged and informed.
We think you need these skills to ace AML Analyst
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Orchard Recruitment. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Orchard Recruitment
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Orchard Recruitment’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
