Financial Crime Analyst

What are we looking for in our Financial Crime Analyst?

Financial Crime Analyst -London (Hybrid) - £400 - £500 per day Umbrella - 12 months contract

Main Purpose of this role

The role will primarily be to provide Financial Crime focusing on M&I, P&A, QA and EDD.

The role requires the provision of support on a proactive and reactive basis as required. Working closely with the business’ line Compliance teams who support this activity as well as other units in the first line of defence.

The key responsibilities of the role will include: 

• Assist M&I on transaction monitoring and investigative matters. This should include best practice as well as an understanding of the UK legal and regulatory framework as well as transaction monitoring and investigation wider role and interaction in terms of client KYC.
• Support AML/CTF, Sanctions and ABC, ATEF, Fraud & MS&HT Programme Leads (with the day-to-day transaction advisory work, policy, and procedure review, first line of defence (FLOD) and second line of defence (SLOD) training set-up, Actimize and Pelican OFAC sanctions screening, compilation of management information, horizon scanning duties, mailbox and query management and general team administration.
• Support in the implementation of UK AML/CTF, Sanctions, ABC, ATEF and Fraud legislation, regulation, and industry guidance.
• Support the programme leads deliver the following annual tasks:
• Annual Compliance Risk Assessments
• Risk Appetite Statement
• Annual Money Laundering Reporting Officer (MLRO)and REP-CRIM Report
• Global Tax Havens & Offshore Financial Centers List Review
• Audit and 2LOD Compliance Review or Quality Assurance Queries
• Triage incoming queries in team mailboxes in a timely manner and support with the day-to-day tracking of FLOD and SLOD queries.
• If and when necessary, perform Quality Assurance testing in line with the requirements of applicable procedures. Conduct thorough testing and reviews of controls and activities, via the quality assurance function, and make risk-based determinations on whether the underlying activities subject to the review is consistent with relevant policies and provide written justification for QA conclusion.
• Provide EDD related advice and support, working closely with the business line compliance teams who support this activity and the Client Lifecycle Management Team.
• Knowledge of UK regulatory and legislative due diligence (DD) requirements and appreciation and awareness of industry best practices and standards. Knowledge of German UK regulatory and legislative DD requirements is desirable.

Key activities and key competencies

• Whilst employed, you will conduct yourself in accordance with the FCA’s Conduct Rules at all times. These rules are:
• You must act with Integrity
• You must act with due skill, care and diligence
• You must be open and cooperative with the FCA, the PRA and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct

Key Requirements (Work Experience/Formal Education)

• Knowledge of Compliance Risk Pillars implications.
• Knowledge of Corporate company structures and weaknesses from AML perspective.
• Knowledge of the bank and products offered.
• Understanding of UK/GER regulatory bodies.
• Exceptional oral, written and interpersonal communication skills with the ability to communicate complex information accurately, clearly and quickly to all levels.
• High level of professionalism, self-motivation and sense of urgency.
• Excellent organizational skills; ability to multi-task; Strong problem-solving skills.
• Analytical, especially with large groups of data; good math skills & ability to use analytical tools.
• Detail oriented; high degree of accuracy.
• Good report writing skills, ability to present data.
• Minimum 5 year’s experience.
• Previous experience in planning, conducting, and documenting investigations.
• Skills in MS Word, Excel and PowerPoint.
• ACAMS certified or equivalent BSA/AML certification preferred.
• Vocational training or a university degree, preferably in Banking. Alternatively, suitable work experience.