Associate-Assurance & Reporting, Fin Crime Risk & Controls

Job Description

This is NOT your standard KYC/AML role. Instead this person would be tasked with looking at gap analysis, analysing trends and documenting procedures.They need someone who can pick things up quickly and are willing to give it a go so be pro-active!Job Description This role is in the First Line of Defense (FLOD) Financial Crime Risk & Controls (FCRC) & the team is responsible for identifying, investigating and monitoring relationships that pose a money laundering, terrorist financing or sanctions risk in support ofall legal and regulatory requirements relating to anti-money laundering (AML), counter terrorism financing and sanctions.You will report in through the and the role will partner closely with the with the FCRC Special Approvals and Assessments & Operations teams, business and product areas and the KYC Centre of Excellence team (covering Onboarding & Refresh). The role will alsohave a close working relationship with the Second Line of Defense (SLOD) UK Financial Crime (UKFC), Governance & Assurance and Escalations & Oversight teams.The successful candidate will need to be able to work on highly confidential and sensitive matters, exercising good judgement in the execution of their role and putting the needs of the business first.Responsibilities

• Working closely with FCRC teams responsible for Special Approvals, transaction and party screening and Alert Management (incl. Fraud) to produce Management Information (MI), track SLAs and monitor conditional approvals.
• Performing data validation and trend analysis in relation to operational workstreams and volumes delivered by FCRC teams.
• Monitoring appropriate KPIs and KRIs as part of MI reporting including escalation of issues in a timely manner for review and resolution in relation to financial crime
• Maintaining and enhancing financial crime procedures and processes owned by FCRC and ensuring ongoing alignment to financial crime policies, including creation of pipeline documents, periodic reviews, and gap analysis.
• Coordination, reporting and analysis of Quality Assurance and Credible Challenge outcomes; recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk-based approach.
• Preparing and submitting FCRC monthly reporting to UK Financial Crime Committee and the preparation of other committee or reporting papers where required.
• Supporting the development of a financial crime oversight framework for activities undertaken within FCRC including outsourced arrangements, covering risk identification, ownership, oversight, and decision making.
• Coordinating and supporting independent reviews (e.g. internal audit and compliance monitoring) in relation to financial crime and tracking subsequent outcomes.
• Being a SME to coach those within the FCRC team and support the business with advice and guidance including responding to financial crime related queries.
• Supporting the development of training, awareness and education materials in relation to financial crime to support staff understand how they can meet the needs of clients, manage their responsibilities and protect the firm.
• Provision of training for new joiners to FCRC and development of additional training (with support from UKFC) in response to any training needs identified from ongoing activities.
• Supporting the Manager with ongoing governance, assurance and reporting requirements to ensure a controlled and sustainable expansion of team responsibilities.
• Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations.

The Expertise You HaveThe candidate must be hard-working, self-motivated and able to work independently in a team-oriented environment. The ideal candidate will possess a strong sense of urgency, be able to think beyond the initial set of facts or issues and have a strong orientationfor probing for less than apparent solutions. He or she should bring a strong sense of ethics, sound business judgement and the desire to be a business-oriented problem solver.

• Strong knowledge of financial crime legislation including Anti-Money Laundering and Counter Terrorist Financing, Sanctions & Fraud.
• Solid experience related to financial crimes including AML, KYC, EDD, Fraud and Sanctions compliance risk management processes.
• Knowledge of, adherence to and review of procedures and processes and controls relating to financial crime and financial crime risk assessment frameworks.
• Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regulated by the FCA and PRA in the UK.
• Ability to work independently and as part of a team, take initiative and have strong verbal and written communication skills.
• Ability to synthesize complex information effectively with good verbal, written and relationship building skills.
• Good time management and attention to detail are critical to this position.
• Good judgement, analytical, research, organizational, and project management skills.
• A professional certification in Financial Crime Prevention from a recognised body such as ICA or ACAMS would be beneficial (or equivalent work experience).
• Good understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly.