Assistant Compliance Officer - 12 Month FTC

LGT Group; City Of London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A wealth management firm in London is looking for a Compliance Analyst to support financial crime functions. The successful candidate will conduct transaction monitoring and customer due diligence within a team, ensuring compliance with financial regulations. Ideal candidates will have 2 years' experience in a similar role and a strong understanding of financial crime regulations.

Qualifications

• Minimum of 2 years' experience in a similar role.
• Knowledge of UK financial crime regulations including POCA and MLRs.
• Understanding of KYC and CDD requirements.

Responsibilities

• Conduct daily transaction monitoring.
• Assist with customer due diligence checks.
• Provide accurate reporting to boards and committees.

Skills

Knowledge of Wealth Management

Experience in AML, CDD

Understanding of financial crime regulations

Strong interpersonal skills

Attention to detail

Education

Educated to degree level

Job description

Overview

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. Our head office is based in London with a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. Our aim is to offer a fresh approach to wealth management by putting clients first with a transparent, bespoke service adapted to each client’s needs. We have over £30 billion in funds under management and circa 700 staff.

Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas that will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector.

Job Description

Business Unit:
The role of the Compliance, Legal and Risk Team is to establish, implement, maintain and monitor on behalf of the Firm\'s Governing Board and Management Board adequate policies and procedures sufficient to ensure the Firm\'s compliance with its obligations under the regulatory systems in which it operates and to counter the risk the Firm may be used to further financial crime. In addition, the team provides support to new business initiatives and advises on day-to-day issues which may arise. Separately, the Legal Team is also responsible for advising the Firm on any legal issues relating to strategic decisions, investments and transactions, intellectual property, human resources and other corporate matters.

Brief Role Objective:
To support the business in fulfilling the financial crime functions for LGT Wealth Management. This dynamic role will provide exposure to several aspects of financial crime compliance and opportunities to work closely with various individuals within the Firm.

Key Responsibilities:

• Transaction Monitoring & Case Management
• Review and analyse daily and monthly transaction alerts, identifying potential suspicious activity related to money laundering, terrorist financing and other financial crimes.
• Conduct thorough investigations into flagged transactions, documenting findings clearly and concisely.
• Escalate high-risk cases to senior officers for further review and action.
• Customer Due Diligence (CDD) & AML Queries
• Assist with customer due diligence (CDD) and enhanced due diligence (EDD) checks on new and existing clients.
• Review, approve and seek sign-off from DMLRO or MLRO for onboarding of high risk clients
• Respond to and resolve queries from internal teams regarding Financial Crime related policies and procedures.
• Assist with periodic reviews of all clients including high risk and PEPs.
• Respond to due diligence questionnaires and AML requests from third parties
• File & Quality Assurance Reviews
• Undertake regular quality assurance checks on CDD files, transaction monitoring cases, and investigative documentation to ensure compliance and completeness.
• Conduct file sampling, assessing the quality of due diligence and transaction monitoring cases.
• Provide feedback and suggest improvements to enhance our financial crime processes.
• Support audit and regulatory requests by providing required information and assistance.
• Reporting
• Contribute to the delivery and timely reporting to all relevant boards, committees and working groups.
• Provide relevant, accurate and timely MI in a format which is clear and engaging, in particular MI and action points from the Financial Crime Forum.
• Escalate suspicions and financial crime concerns to DMLRO and MLRO as required.

Key Regulatory Responsibilities:
Our clients are at the forefront of everything we do, and we commit to ensuring we achieve good outcomes for them through embracing the New Consumer Duty. This is prevalent for all staff and in doing so, we expect staff to:

• Comply with the letter, spirit and expectations of applicable legal and regulatory requirements at all times.
• Adhere to LGT Wealth Management\'s best practice with regard to conduct, culture and other general business compliance control procedures
• Adhere to the FCA Conduct Rules in addition to any Senior Manager and Certification Regime responsibilities.

Requirements

Key Skills and Technical Requirements:

• Knowledge of Wealth Management/Private Banking business gained through a minimum of 2 years\' experience in a similar role with experience in AML, CDD and financial crime prevention preferred
• Demonstrate understanding of key UK financial crime regulations, such as:
• The Proceeds of Crime Act (POCA) 2002
• The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations (MLRs)
• The requirements of the Financial Conduct Authority (FCA)
• Global and local standards such as the FATF Recommendations and JMLSG
• Understanding of Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements
• Familiarity with screening platforms for sanctions, politically exposed persons (PEPs), and adverse media
• Experience with a wide variety of CDD and AML related queries
• Educated to degree level.
• A professional industry financial crime qualification is desirable:
• ICA (International Compliance Association) Certifications, e.g., ICA certification in Anti Money Laundering/Financial Crime Prevention.
• ACAMS (Association of Certified Anti-Money Laundering Specialists) Certification.
• CISI (Chartered Institute for Securities and Investment) qualifications, such as the Financial Crime Prevention Certificate.
• Ability to keep up with evolving financial crime threats
• Willingness to stay updated on regulatory changes and emerging trends in financial crime prevention.

Other Skills and Attributes:

• Motivated and conscientious with strong interpersonal skills
• The ability to work independently but as part of a team, both in terms of the Compliance department and other colleagues throughout the firm.
• Excellent organisational skill, including the ability to prioritise and meet deadlines.
• Ability to question and request information politely but firmly to obtain the necessary information from the business units as required.
• Strong written and verbal communication skills to produce well-structured accurate (in terms of technical knowledge, grammar and spelling) written communications.
• Strong attention to detail and analytical abilities.

Contact Information

We are looking forward to receiving your online application. For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP
Human Resources
Richard Pusey