At a Glance
- Tasks: Conduct thorough due diligence on clients to combat economic crime and ensure compliance.
- Company: Join a leading Society dedicated to fighting money laundering and financial crime.
- Benefits: Enjoy 28 days holiday, a bonus scheme, and extensive wellbeing support.
- Other info: Hybrid working model with great career progression opportunities.
- Why this job: Make a real difference in the fight against economic crime while developing your skills.
- Qualifications: Analytical mindset and attention to detail are essential for this role.
The predicted salary is between 30000 - 40000 £ per year.
Our AML team is responsible for ensuring the Society's compliance with regulations by operating defences in relation to money laundering, sanctions and terrorist financing. We are recruiting a Customer Due Diligence Analyst to join them on a 12-month opportunity. The role holder will conduct comprehensive due diligence (including Enhanced Due Diligence) reviews on Retail and Business Banking clients and counterparties, assess operational legitimacy, ownership structures and commercial activity for Business Banking clients, and complete customer risk assessments.
Responsibilities
- Carry out Enhanced Due Diligence where required in accordance with the Money Laundering Regulations.
- Manage customers within the Society's risk appetite and document investigations using appropriate evidential standards.
- Provide recommendations for outcomes on investigations based on verified evidence for approval.
- Disclose where appropriate using the prescribed format to the National Crime Agency (NCA).
- Engage with internal and external stakeholders, including other regulated firms and law enforcement, using a variety of sources (including publicly available information).
- Contribute to ongoing monitoring of customers to ensure ongoing compliance.
Working arrangements
The role operates Monday to Friday, 9am–5pm. When up to speed, the team operates on a hybrid basis and is on-site at least 1 day a week in Coventry or Manchester.
Benefits
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
- Annual discretionary bonus scheme
- Personal pension with enhanced contributions
- Maternity, paternity and shared parental leave
- Extensive wellbeing support
- Life assurance (6 times annual salary)
Customer Due Diligence Analyst - Economic Crime in Coventry employer: The Coventry Building Society
Join our dynamic AML team as a Customer Due Diligence Analyst, where you will play a crucial role in safeguarding the Society against economic crime. With a strong commitment to employee wellbeing and professional growth, we offer a supportive work culture, competitive benefits including a generous holiday allowance and enhanced pension contributions, and the flexibility of hybrid working arrangements from our vibrant offices in Coventry or Manchester. This is an excellent opportunity for those seeking meaningful employment in a collaborative environment focused on compliance and integrity.
Contact Details:
The Coventry Building Society Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Customer Due Diligence Analyst - Economic Crime in Coventry
✨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 The Coventry Building Society when they’re searching for someone to fill a temporary position.
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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.
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We think you need these skills to ace Customer Due Diligence Analyst - Economic Crime in Coventry
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Customer Due Diligence Analyst - Economic Crime, 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 The Coventry Building Society. 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 The Coventry Building Society
✨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 The Coventry Building Society.
✨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 The Coventry Building Society 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 The Coventry Building Society.
