At a Glance
- Tasks: Analyse and investigate potential financial crimes to ensure compliance and protect the organisation.
- Company: Join Standard Bank Offshore, a leading player in Africa's financial services sector.
- Benefits: Gain valuable experience in a dynamic environment with career-enhancing opportunities.
- Other info: Fixed term contract based in the Isle of Man; no relocation available.
- Why this job: Make a real impact by combating financial crime and supporting growth in Africa.
- Qualifications: National Certificate in Internal Audit and 3-4 years of compliance experience required.
The predicted salary is between 40000 - 50000 £ per year.
Company Description
Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career‑enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa.
Job Description
This role is not open to relocation. Only candidates who have residency and right to work in the Isle of Man can be considered. This role is a 12‑month Fixed Term Contract.
To conduct surveillance, analyse and investigate customers with respect to potential terrorist financing and money laundering related to bribery, corruption, another predicate offences or other suspicious activity, based on System and Manual Alerts. This is essential in order to contribute to the assurance that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation.
Qualifications
- Minimum Qualification: National Certificate in Internal Audit
- Experience Required: 3 - 4 years experience in Compliance
- Experience in bank processes, products and systems.
- Experience in dealing with different stakeholders at different levels both internal and external.
- Experience in the realm of Anti‑Fraud, Bribery, Market Abuse, Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.
Key Outputs:
- Analyse alerts (System, Manual, Regulatory, Remittance Platform & Excon Alerts) to identify suspicious activities relating to money laundering & terrorist financing.
- Assess the independent risk profiles of clients as a second line‑of‑defence, in relation to consequential risks.
- Conduct in‑depth research & perform data analytics to identify patterns & trends consistent with money laundering, terror financing, and other types of suspicious activity.
- Escalate trends & typologies to line management.
- Analyse all information related to alerts and/or instructions received, via any method or form, in order to detect possible money laundering; terrorist financing; sanctions breaches, exchange control contraventions and any other legislative breaches.
- Analyse all matters relating to high‑risk customers containing adverse information, complex and significant issues to line management for immediate action in order to avoid operational losses, fines, penalties or reputational damage to the organisation.
- Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
- Collaborate with the Financial Intelligence Centre to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIC.
Additional Information
Behavioural Competencies:
- Developing Expertise
- Following Procedures
- Articulating Information
- Interpreting Data
- Interacting with People
- Managing Tasks
Technical Competencies:
- Compliance
- Financial Industry Regulatory Framework
- Fraud Detection and Management
- Legal Compliance
- Promote Good Governance, Risk & Control
- Risk Management
Financial Crime Analyst (Fixed Term Contract) in Douglas employer: Standard Bank Group
Standard Bank Offshore is an exceptional employer, offering a dynamic work environment in the Isle of Man where you can develop your expertise alongside some of the industry's most talented professionals. With a strong commitment to compliance and ethical practices, we provide our employees with meaningful growth opportunities and a chance to contribute to the financial integrity of our clients and communities. Join us to be part of a purpose-driven organisation that values your contributions and fosters a culture of collaboration and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Analyst (Fixed Term Contract) in Douglas
✨Dive into Industry Groups
Join compliance and risk management groups on platforms like LinkedIn and Facebook. These communities often share temp job postings and insights. You’d be surprised at how many temporary gigs float around through word of mouth!
✨Showcase Your Expertise
Consider creating content on compliance topics that get you noticed—think LinkedIn articles or even a blog. This not only shows off your knowledge but can grab the attention of companies like Standard Bank Group when they’re searching for someone to fill a temporary position.
✨Tap into Recruitment Agencies
Reach out to recruitment agencies that specialise in compliance and risk roles. They’re usually in touch with companies looking to fill temporary roles, which can save us a lot of time in our job search.
✨Go Local with Networking
Attend local compliance and risk seminars or workshops. Meeting professionals in our area can open up temp opportunities, and it’s a great way to make your face known in the industry—plus, you might even meet someone from Standard Bank Group!
We think you need these skills to ace Financial Crime Analyst (Fixed Term Contract) in Douglas
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Financial Crime Analyst (Fixed Term Contract), make sure to highlight your understanding of industry regulations and risk management principles. Mention any relevant coursework, certifications, or projects that showcase your expertise in these areas—it's what sets you apart!
Highlight Your Analytical Skills:In the compliance-risk field, strong analytical skills are essential. Talk about your experiences that required critical thinking and data analysis, whether in past roles, internships, or academic projects. Show us how you've identified risks and implemented solutions in the past.
Tailor Your CV for the Temporary Role:Since this is a temporary role, focus on your availability and flexibility in your CV. Highlight any previous short-term roles or projects that demonstrate your ability to adapt quickly and deliver results in a fast-paced environment. This helps employers see you as an easy fit in their team!
A Concise Cover Letter is Key:Keep your cover letter short and focused! Explain why you're interested in the compliance-risk area specifically for this temporary position at Standard Bank Group. Mention what you hope to learn and achieve, showing your enthusiasm and motivation to contribute positively during your time there.
How to prepare for a job interview at Standard Bank Group
✨Know Your Compliance Basics
Make sure you're clued up on the key compliance and risk regulations pertinent to the industry you're applying to. Understanding frameworks like GDPR or AML will not only impress but also show that you’re ready to hit the ground running in your temporary role at Standard Bank Group.
✨Prepare for Scenarios
Expect scenario-based questions that test your problem-solving skills. They might ask how you'd handle a specific compliance issue. Think through real situations you’ve encountered in past roles or study hypothetical cases to showcase your analytical skills and practical judgement during the interview.
✨Highlight Your Adaptability
Since this is a temporary position, emphasise your ability to adapt quickly to new environments and team dynamics. Share examples of how you’ve successfully adjusted to changes in past roles and how this flexibility can benefit Standard Bank Group in the short term.
✨Gather Your Technical Tools
Familiarise yourself with commonly used compliance tools or software, as they might come up in the interview. If you've used tools for risk assessments or compliance tracking, mention those and be ready to discuss how they can streamline processes at Standard Bank Group.
