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For Companies At a Glance
- 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 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 industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Gain practical experience by volunteering for roles that involve compliance or risk management. This hands-on experience can set you apart from other candidates and show your dedication to the field.
✨Tip Number 4
Prepare for potential interview questions by practising scenarios related to EDD, transaction monitoring, and compliance issues. Being able to discuss real-life examples will showcase your problem-solving skills and expertise.
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 used these skills in previous roles, particularly in investigations or compliance.
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
Prepare examples that showcase your analytical skills, particularly in conducting Enhanced Due Diligence (EDD) and transaction monitoring. Highlight any specific tools or methodologies you've used in past investigations.
✨Showcase Communication Abilities
As an Anti-Money Laundering Specialist, you'll need to communicate effectively with various stakeholders. Be ready to discuss how you've handled operational queries and escalated issues in the past.
✨Stay Updated on Industry Trends
Research recent developments in financial crime and regulatory changes. Being knowledgeable about current trends will demonstrate your commitment to the field and your proactive approach to staying informed.
