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- Tasks: Conduct investigations and ensure compliance with AML/KYC regulations daily.
- Company: Join a leading financial institution dedicated to fighting financial crime.
- Benefits: Enjoy flexible working options, competitive pay, and professional development opportunities.
- Why this job: Make a real impact in the fight against money laundering while growing your career.
- Qualifications: No prior experience needed; just a keen interest in finance and compliance.
- Other info: Perfect for students looking to gain valuable experience in the financial sector.
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 financial crime trends. 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 anti-money laundering sector. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experiences where you successfully handled compliance issues or resolved escalated problems. This will showcase your problem-solving skills and ability to work under pressure.
✨Tip Number 4
Demonstrate your analytical skills by discussing specific tools or methodologies you’ve used for transaction monitoring or due diligence. Being able to articulate your technical expertise will set you apart from other candidates.
We think you need these skills to ace Anti-Money Laundering Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in anti-money laundering and compliance. Use keywords from the job description, such as 'Enhanced Due Diligence', 'KYC regulations', and 'transaction monitoring' to catch the employer's attention.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about combating financial crime and how your skills align with the responsibilities listed. Mention specific experiences where you've successfully conducted due diligence or resolved compliance issues.
Showcase Relevant Skills: Emphasise your analytical skills and attention to detail, as these are crucial for an Anti-Money Laundering Specialist. Provide examples of how you've managed workflows or investigated suspicious transactions in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is vital in this field.
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 escalate non-compliance 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.
