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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 industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experiences where you successfully identified suspicious transactions or resolved compliance issues. This will showcase your problem-solving skills.
✨Tip Number 4
Research StudySmarter’s approach to compliance and financial crime prevention. Understanding our values and how we operate will allow you to tailor your responses during the interview, making you a more appealing candidate.
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 (AML) and know your customer (KYC) regulations. Use specific examples of your work with Enhanced Due Diligence (EDD) and transaction monitoring to demonstrate your expertise.
Craft a Strong Cover Letter: In your cover letter, express your passion for compliance and financial crime prevention. Mention how your skills align with the responsibilities listed in the job description, such as conducting name screening and managing workflows.
Showcase Relevant Skills: Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and problem-solving abilities. Provide examples of how you've successfully handled escalated issues or supported business functions in previous roles.
Highlight Continuous Learning: Mention any relevant certifications or training you have completed related to AML/KYC regulations. Staying updated on regulatory changes is key, so highlight your commitment to continuous learning in this field.
How to prepare for a job interview at UK Bank
✨Know Your AML/KYC Regulations
Familiarise yourself with the latest Anti-Money Laundering and Know Your Customer regulations. Be prepared to discuss how these regulations impact your work and provide examples of how you've ensured compliance in previous roles.
✨Demonstrate Analytical Skills
As an Anti-Money Laundering Specialist, strong analytical skills are crucial. Prepare to showcase your ability to conduct Enhanced Due Diligence and name screening by discussing specific cases where you identified suspicious transactions or resolved complex issues.
✨Showcase Your Communication Skills
Effective communication is key when dealing with stakeholders and responding to operational queries. Be ready to explain how you've successfully collaborated with different teams and escalated non-compliance issues in a clear and concise manner.
✨Stay Updated on Industry Trends
The financial crime landscape is constantly evolving. Make sure to mention any recent regulatory changes or developments in financial crime that you've researched. This shows your commitment to staying informed and proactive in your role.
