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AML Advisory - 60k-68k

Holmes Search
London, United Kingdom
£55k - £68k
Closing date
Feb 8, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
FCC co-ordinates day-to-day implementation of Capital Markets financial crime prevention efforts. This includes responsibility for governance, oversight and execution of the Firm's AML/CTF, economic sanctions, anti-fraud, anti-bribery and anti-corruption systems and controls, including effective use of FCC controls-related technology.

Financial Crime Compliance Officer's key service priorities fall under the following categories:
  • Act as an advisor to the business for enhanced due diligence (EDD) processes, findings and escalation, assessing and mitigating financial crime risk associated with potential and existing clients, presenting EDD findings in the risk acceptance forms for review and decision making by the Business Heads, MLRO/DMLRO;
  • Act as a subject matter expert (SME) for AML and Sanctions and contribute to the enhancement of the Firm's AML and Sanctions Framework; provide rigorous oversight over the work of the first line of defence with regards to sanctions screening processes and procedures;
  • Prepare MI for Board/Management Committees and FCG management.

Accountabilities & Responsibilities
  • Provide guidance and support to stakeholders in preparing AML & Sanctions responses to internal and external information requests, act as a key point of contact and SME for AML and Sanctions - related queries across front office, support and control functions;
  • Conduct EDD file analysis by assessing materiality of PEPs, Sanctions and Adverse Media, updating the customer risk assessment, escalating cases depending on materiality analysis, undertake analysis of transactions, including source of wealth and source of funds review; facilitate risk understanding and acceptance by the Front Office, and document the outcomes;
  • As Sanctions SME, contribute to the enhancement of the Firm's Sanctions Framework; provide rigorous oversight over the work of the first line of defence with regards to sanctions screening processes and procedures; manage the development of a Management Information suite for Sanctions, providing analysis of emerging risks and trends;
  • Act as a key point of reference for CIF UAT and data enhancements from the FCC perspective;
  • Identify, challenge and help support enhancements of the Financial Crime systems and controls, including planning and delivery of AML and Sanctions training and guidance, as might be required to KYC Team, Operations and Front Office;
  • Working with the Head of AML and Sanctions as well as the MLRO/DMLRO Head of Financial Crime Compliance and other members of the team, maintain and further enhance financial crime compliance programme to align approaches relating to financial crime matters and regulatory standards;
  • Participate in the development and enhancement of financial crime monitoring programme by working with the business lines, other support and control functions as well as with the Advisory Compliance Officers on financial crime matters and to assist in resolving any financial crime issues identified;
  • Preparation of accurate and timely MI / analysis for Board/Management committees and FC management.
  • Collaborate and work with Group entities globally to ensure activities undertaken under SLAs comply with relevant overseas requirements.

Knowledge, Skills, Experience & Qualifications
  • Knowledge of relevant legislations and the wider financial crime landscape - UK and global;
  • Relevant dedicated Sanctions Advisory experience within Investment Banking;
  • Strong sanctions knowledge of OFSI, OFAC and EU regulations;
  • Strong analytical thinking and critical reasoning skills;
  • Ability to engage with senior stakeholders;
  • Ability to work across teams to acquire information, conduct complicated investigations assessing and verifying multiple strands of data and documentation;
  • Inquisitive, motivated and highly trustworthy with an ability to work with the minimum of direct supervision, experienced in dealing with highly confidential material;
  • Well organised with excellent ability to prioritise conflicting work whilst retaining an excellent attention to detail.
  • Degree educated with a professional qualification in Sanctions/AML, or Financial Crime Prevention.

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