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For Companies At a Glance
- Tasks: Conduct SAR investigations and monitor financial crime controls across the bank.
- Company: Join an international bank based in Harrow, committed to compliance and integrity.
- Benefits: Enjoy competitive pay, potential remote work options, and a dynamic work environment.
- Why this job: Make a real impact in financial crime prevention while growing your career in a reputable institution.
- Qualifications: Ideal for those with a background in finance, compliance, or related fields.
- Other info: Opportunity for ad hoc projects and collaboration with various departments.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
We are hiring for Senior Associate – Compliance & Financial Crime role with an International Bank based in Harrow.
1 JOB ROLE
Purpose of the role is to perform SAR investigations, perform transaction monitoring and second line review of Financial Crime controls including KYC, AML, Sanctions, ABC, Fraud and Market Abuse across different functions of the Bank; payments escalations and compliance oversights.
2 JOB RESPONSIBILITY
Suspicious Activity Reporting (SAR) investigations within prescribed timelines. Ensure timely, efficient reporting of SAR to the MLRO.
Preparing quality SAR reports and disclose it to National Crime Agency after getting sign off from MLRO.
Adherence to SAR timelines as described in POCA 2002.
Ensure compliance with Money Laundering Regulations/ JMLSG guidelines and other AML/KYC related laws and regulations.
Monitoring of System generated reports and identify out of patterns transactions and escalate accordingly.
Perform compliance oversight reviews across Business and support functions and tracking and follow up for implementation of oversight recommendations / action points.
Reporting of MI pertaining to open actions to Legal & Compliance Committee
Assist with review of Compliance Policies and Procedures and where required review of other department owned policies.
Ad hoc projects and assignments related to Compliance and Financial Crime, Internal Audit and FCA action plan as allocated by the Deputy Manager/Head of Legal & Compliance
Senior Associate - Compliance & Financial Crime employer: Quantum Group
Contact Detail:
Quantum Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Associate - Compliance & Financial Crime
✨Tip Number 1
Familiarise yourself with the latest regulations and guidelines related to AML, KYC, and financial crime. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the compliance and financial crime sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to scenarios involving SAR investigations and transaction monitoring. Being able to articulate your thought process and decision-making skills will set you apart from other candidates.
✨Tip Number 4
Research the specific bank's approach to compliance and financial crime. Understanding their policies and recent initiatives can help you tailor your discussions during interviews, showing that you're genuinely interested in their operations.
We think you need these skills to ace Senior Associate - Compliance & Financial Crime
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Senior Associate - Compliance & Financial Crime position. Make sure you understand the key responsibilities, such as SAR investigations and compliance oversight, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience you have in compliance, financial crime, or related fields. Be specific about your involvement in SAR reporting, KYC, AML, and any other relevant regulations to demonstrate your suitability for the role.
Use Clear Examples: When writing your application, provide clear examples of how you've successfully handled similar tasks in the past. For instance, describe a situation where you conducted a SAR investigation or implemented compliance measures, showcasing your problem-solving skills and attention to detail.
Tailor Your Application: Make sure to customise your cover letter to reflect your understanding of the bank's values and how your skills align with their needs. Mention specific aspects of the job that excite you and how you can contribute to their compliance efforts.
How to prepare for a job interview at Quantum Group
✨Understand the Regulatory Framework
Familiarise yourself with the key regulations and guidelines related to compliance, such as the Money Laundering Regulations and JMLSG guidelines. Being able to discuss these in detail will show your depth of knowledge and commitment to the role.
✨Prepare for SAR Investigations Questions
Expect questions about your experience with Suspicious Activity Reporting (SAR) and how you handle investigations. Be ready to provide examples of past cases you've worked on and the outcomes, demonstrating your analytical skills and attention to detail.
✨Showcase Your Monitoring Skills
Highlight your experience with transaction monitoring systems and your ability to identify unusual patterns. Discuss specific tools or methodologies you've used in the past to enhance your credibility in this area.
✨Demonstrate Team Collaboration
Since the role involves working across different functions, be prepared to discuss how you collaborate with various teams. Share examples of successful projects where you worked with others to implement compliance measures or resolve issues.
