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For Companies At a Glance
- Tasks: Conduct due diligence and monitor transactions to prevent money laundering.
- Company: Join a leading financial institution committed to compliance and integrity.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact in the fight against financial crime while developing valuable skills.
- Qualifications: No prior experience required; just a keen interest in finance and compliance.
- Other info: Ideal for detail-oriented individuals looking to start a career in finance.
The predicted salary is between 36000 - 60000 £ per year.
Key Responsibilities:
- Conduct Enhanced Due Diligence (EDD) on High-Risk/PEP customers.
- Perform name screening, transaction screening, and transaction monitoring.
- Ensure compliance with AML/KYC regulations and escalate non-compliance issues.
- Review new and existing accounts for due diligence.
- Conduct Level 1 review of name screening alerts and high-risk payments.
- Respond to operational queries and support business functions.
- Investigate and resolve escalated issues with stakeholders.
- Manage workflows, discount alerts, and maintain the name screening system.
- Identify and report suspicious transactions as per escalation protocols.
- Stay updated on regulatory changes and financial crime developments.
- Support fraud investigations, payment screening, and transaction monitoring as needed.
- Participate in ad hoc projects and provide administrative support.
Anti-Money Laundering Specialist employer: UK Bank
Contact Detail:
UK Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Anti-Money Laundering Specialist
✨Tip Number 1
Familiarise yourself with the latest AML/KYC regulations and guidelines. This 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 financial crime prevention sector. Attend relevant webinars or local meetups to connect with others who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 3
Gain practical experience by volunteering for projects related to compliance or fraud investigation. This hands-on experience can set you apart from other candidates and show your proactive approach.
✨Tip Number 4
Prepare for situational interview questions by thinking of examples where you've successfully identified and resolved compliance issues. This will showcase your problem-solving skills and ability to handle high-pressure situations.
We think you need these skills to ace Anti-Money Laundering Specialist
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the responsibilities of an Anti-Money Laundering Specialist. Highlight your understanding of Enhanced Due Diligence (EDD), compliance with AML/KYC regulations, and transaction monitoring in your application.
Tailor Your CV: Make sure your CV reflects relevant experience in anti-money laundering, compliance, or financial crime prevention. Use specific examples that demonstrate your skills in name screening, due diligence, and handling escalated issues.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your background to the key responsibilities listed in the job description. Emphasise your ability to stay updated on regulatory changes and your experience in managing workflows and investigating suspicious transactions.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the field of anti-money laundering.
How to prepare for a job interview at UK Bank
✨Know Your AML/KYC Regulations
Familiarise yourself with the latest AML and KYC regulations. Be prepared to discuss how these regulations impact your work and how you ensure compliance in your previous roles.
✨Demonstrate Analytical Skills
Be ready to showcase your analytical skills, especially in relation to Enhanced Due Diligence (EDD) and transaction monitoring. Prepare examples of how you've successfully identified suspicious transactions or resolved complex issues.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of specific situations where you had to investigate escalated issues or manage workflows effectively.
✨Stay Updated on Industry Trends
Show your commitment to the field by discussing recent regulatory changes or financial crime developments. This demonstrates your proactive approach and passion for staying informed in the industry.
