Anti Money Laundering Analyst - Fixed Term Contract

Job Description

Tradition is currently seeking to appoint anAnti Money Laundering Analyst on a fixed termcontract basisto be based inLondon.Main responsibilities within theAnti Money Laundering Analystposition include:

• Carrying out the on-going client review as per client on-boarding policy and procedures
• Carry out preliminary checks (type of activity, identification of the desk entertaining a relationship with the client, existing documentary evidence)
• Collating the documentary evidence which is publically available
• Contacting the client or broker and request the outstanding information
• Ensuring the UBO has been clearly identified and where appropriate the UBO exemption recorded adequately with the documentary evidence
• Ensuring the client risk is adequately recorded and where necessary with the appropriate approvals and rationale for downgrading a client risk
• Comply with the Enhanced due diligence policy and procedures and seek final approval of Senior Management for high risk clients
• Updating the client static data, including legal representatives and UBOs
• Monitor, analyse, investigate, resolve and escalate where appropriate the sanctions screening alerts
• Escalate as appropriate any discrepancies back to the first line of defence team or MLRO
• Communicate with head of desks / brokers in relation to off-boarding clients where necessary
• Submitting the completed clients to the second line client on-boarding team
• Maintaining and updating the client review log
• Providing MI on the status of the client reviews
• To act as an advisory and control function for the purpose of complying with regulatory and internal requirements to combat AML / CFT
• To work within and assist in the development of the second Line of Defence Client On-boarding Function within the Compliance Department.
• To work in collaboration with First Line of Defence Client on-boarding Team and any other relevant stakeholders
• Review and provide the second approval status of new clients submitted by the first line of defence client on-boarding team
• Communicate with any appropriate and relevant stakeholders
• Maintenance of data quality checks on client database
• Maintenance of the daily, monthly exception reports and act accordingly
• Maintaining and updating the client database (both on excel and cdc)
• Carry out other administrative tasks as and when required
• General Compliance Administration duties

Key skills, experience and competenciesrequired to be successful in thisrole:

• Good Knowledge of Client On-boarding process
• Good knowledge of related processes such as the Know Your Customer (KYC) and the Anti-Money Laundering Regulations.
• Understanding of client regulatory & Tax classificationMifid, FATCA, CRS
• Understanding of the EU / US / UK Sanctions regime
• Understanding of the Anti-Bribery requirements
• FCA knowledgeclient classifications, conduct of business rules, training and competence, Approved Persons and FCA processes.
• Basic knowledge of the firms products including cash equities and securities, equity and commodity derivatives and money markets
• Experience of dealing with formal documentation
• Experience of international wholesale markets
• Knowledge of the UK anti money laundering rules and regulations
• Basic knowledge of tax requirements related to the identification and classification of clients under FATCA and Common Reporting Standards (CRS)
• Appreciation of Compliance Risk