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- Tasks: Investigate financial crime and ensure compliance with regulations.
- Company: Join Paragon Banking Group, a Platinum Investors in People employer focused on growth.
- Benefits: Enjoy flexible working, generous holiday allowance, and employee discounts.
- Why this job: Be part of a supportive team making a real impact in financial security.
- Qualifications: Relevant qualifications in financial crime and strong communication skills required.
- Other info: Hybrid working available; we value diversity and encourage all to apply.
The predicted salary is between 36000 - 60000 £ per year.
Financial Crime Specialist
Paragon Banking Group PLC Solihull, United Kingdom Apply now Posted 13 hours ago Permanent Competitive
Financial Crime Specialist
Paragon Banking Group PLC Solihull, United Kingdom Apply now
About The Role
Let\’s grow together!
A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK and, working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. If you\’re an experienced Financial Crime Specialist looking for an opportunity to grow in a friendly environment, we\’re looking for you!
We\’re flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential. Let\’s grow together …
Job Purpose
To identify and advise on Anti-Money Laundering, Counter Terrorist Financing and other Financial Crime issues ensuring regulation and legislation is adhered to at all times.
Conduct thorough investigations of suspicious activities, Fraud and transactions to identify potential financial crime risks within the Bank. (For On-Boarding and in life customers)
Ability to work any financial crime enquiry/investigation that comes into the team, either internally or externally, from beginning-to -end.
We\’ll provide ongoing training and support to help you understand the systems, but experience of Financial Crime on a digital platform and speaking to customers is key to success in this role.
You will work on a shift pattern to make sure we have enough cover on evenings and some weekends on Saturday.
What you\’ll do day to day
• Managing Financial Crime Related inquiries, from start to end.
• Conduct customer due diligence (CDD) and Enhanced due diligence (EDD) on Paragon\’s customers and suppliers
• Conduct thorough investigations of suspicious activity , and transactions to identify potential threats to the bank.
• Reviewing and advising on Paragon\’s High Risk customers and escalating where required
• Monitor and review alerts generated by a number of monitoring systems and escalate cases where necessary.
• Liaising with Law enforcement and other external agencies to ensure Paragon is not subjected to Financial Crime.
• Work referrals made to Financial Crime Operations from both Internal & external sources from start to finish
• Complete fraud Investigations
• Review & Escalation of high-risk customers to the MLRO/DMLRO
• Complete Periodic Reviews (In-Life) and support business areas with High-Risk Customer Risk Assessments (On-Boarding) approvals.
• Review all third parties being on-boarded, including intermediaries.
• Provide support, advice and collaborate with internal teams and liaise with external agencies to gather information , support investigations or provide assurance to proceed/retail customer relationships.
• Prepare detailed reports and documentation of findings, ensuring accuracy and compliance with regulatory standards.
• Provide recommendations for improving internal controls and processes to mitigate financial crime risks.
• Assist in the education and delivery to business area staff to improve their Financial Crime knowledge and detection ability
About You
The Skills you\’ll bring
- Excellent organisational skills and ability to manage multiple tasks and meet strict SLA\’s.
- Excellent written and verbal communication skills with attention to detail.
- Ability to develop and maintain internal and external business relationships to exchange routine and non-routine information clearly and concisely.
- Ability to develop technical knowledge on an ongoing basis and effectively impart learning with colleagues.
- Ability to embrace change and influence and encourage others.
- Responsibility for identifying, investigating, and mitigating financial crime risks, including money laundering, fraud, and other illicit activities.
- A strong understanding of regulatory requirements and the ability to work collaboratively with various departments to ensure compliance and protect the organisation from FC.
- Ability to use own judgement and all available tools to verify information, make informed decisions and escalate where necessary.
Experience to monitor & review Alerts generated by a number of monitoring systems and escalate cases, where necessary. (Such as Dow Jones, Cifas, Synectics, ACI and Threatmetrix)
Essential Qualifications
Possess relevant industry qualifications such as International Compliance Association (ICA) Diploma, Association of Anti-Money Laundering Specialists (ACAMS) CAMS certification.
The role may involve travel to industry meetings, so a clean driver\’s licence is desired.
Working Hours
Monday to Friday (37.5 hours per week) – shift pattern – 8am – 6pm and Saturday – 9am – 1pm.
Even if you don\’t meet all the criteria, we encourage you to apply . At Paragon, we value diversity and we\’re excited to hear from passionate individuals like you! If you\’re ready to contribute to the team, please apply.
Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page.
Inclusion
As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone. If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team.
About Us
What can we offer you?
- Generous Holiday Allowance: Starting from 25 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year\’s Eve. You can also buy or sell up to a week\’s leave
- Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate
- Profit Related Pay: We share some of our annual profit with our eligible employees
- Pension Plan: We contribute up to 10% of your annual salary towards your pension
- Family Friendly policies: We offer enhanced parental pay and paid time off for fertility treatment
- Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more
- Volunteering Day: Contribute to causes you care about with one volunteering day per year
- Life Assurance and Personal Accident Cover
Be flexible
We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home.
Be yourself
As an equal opportunities employer, we welcome diversity and care about inclusion. That\’s why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.
Be heard
We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.
Be well
We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.
Be better
We want you to reach your potential and, as a Platinum Investors in People employer, we\’ll encourage you to learn and develop by building a personalised development plan together with your manager.
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Financial Crime Specialist | Solihull, UK employer: Paragon Banking Group PLC
Contact Detail:
Paragon Banking Group PLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Specialist | Solihull, UK
✨Tip Number 1
Familiarise yourself with the latest regulations and legislation surrounding financial crime, particularly Anti-Money Laundering and Counter Terrorist Financing. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the financial crime sector, especially those who work at Paragon or similar institutions. Attend industry events or webinars to make connections and gain insights that could give you an edge during the application process.
✨Tip Number 3
Prepare for potential scenario-based questions by practising how you would handle specific financial crime investigations. Think about past experiences where you've successfully identified or mitigated risks, as these examples can showcase your problem-solving skills.
✨Tip Number 4
Demonstrate your ability to work collaboratively by highlighting any previous experiences where you liaised with law enforcement or external agencies. This will show that you understand the importance of teamwork in tackling financial crime effectively.
We think you need these skills to ace Financial Crime Specialist | Solihull, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime, anti-money laundering, and compliance. Use keywords from the job description to demonstrate that you meet the specific requirements of the Financial Crime Specialist role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the banking industry. Mention specific experiences that relate to the responsibilities outlined in the job description, such as conducting investigations or liaising with law enforcement.
Highlight Relevant Qualifications: If you possess any industry qualifications like the ICA Diploma or ACAMS certification, make sure to mention these prominently in your application. This will show that you have the necessary credentials for the position.
Showcase Communication Skills: Since excellent written and verbal communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex information in previous positions, especially in relation to financial crime.
How to prepare for a job interview at Paragon Banking Group PLC
✨Understand Financial Crime Regulations
Make sure you have a solid grasp of the key regulations surrounding Anti-Money Laundering and Counter Terrorist Financing. Be prepared to discuss how these regulations impact the role and how you would ensure compliance in your day-to-day tasks.
✨Showcase Your Investigative Skills
Prepare examples from your past experiences where you've successfully conducted investigations into suspicious activities. Highlight your ability to analyse data, identify risks, and make informed decisions based on your findings.
✨Demonstrate Strong Communication Abilities
Since the role involves liaising with law enforcement and other agencies, practice articulating complex information clearly and concisely. Be ready to explain how you would communicate findings and recommendations to both internal teams and external partners.
✨Emphasise Adaptability and Teamwork
The financial crime landscape is constantly evolving, so it's crucial to show that you can adapt to changes and work collaboratively. Share instances where you've embraced change or worked effectively within a team to tackle challenges.