Compliance Officer- AML (Wholesale Banking)

Compliance Professionals; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading company in the investment banking sector seeks a Compliance Officer with expertise in Financial Crime. The successful candidate will play a crucial role in advising on compliance measures, conducting investigations, and ensuring adherence to regulatory changes in a fast-paced environment. Key responsibilities include monitoring transactions, preparing compliance reports, and providing training to staff. Ideal candidates will possess strong backgrounds in financial crime compliance and have experience in investment banking.

Qualifications

• 2nd line Financial Crime compliance experience from an investment banking background.
• Experience in financial crime risk assessment and policy writing is highly desirable.
• Proven compliance experience in investment/wholesale banking.

Responsibilities

• Advise on client onboarding and investigate financial crime referrals.
• Ensure compliance with financial crime regulations and implement necessary changes.
• Monitor transactions and identify suspicious activities.

Skills

Financial Crime Risk Assessment

Regulatory Compliance

Policy Writing

Job description

THE COMPANY: Our client is an international investment bank based in the City. They are looking for a Compliance Officer with a specialization in Financial Crime to join the Business. THE RESPONSIBILITIES:

• Advise the business on client onboarding/review referrals such as PEPs and high-risk clients subject to EDD.
• Investigation of referrals regarding Financial Crime by the business or operational areas.
• Advise the business and support areas on Financial Crime aspects, on the implementation of new products, to ensure compliance with relevant regulations;
• Ensure key Financial Crime regulatory changes are analysed and the necessary changes are implemented;
• Maintenance of the Banks Financial Crime related policies and procedures;
• Complete the regulatory reports related to Financial Crime;
• Monitoring transactions and identification of suspicious activities;
• Provide Financial Crime training;
• Assist with internal audit review focused on Financial Crime ensuring all necessary documentation and reports are provided in a timely manner.
• Monitor and analyse SWIFT transaction to identify any suspicious activities, ensuring compliance with financial crime regulations and internal policies
• Implement and maintain updates to SWIFT monitoring tool, including the integration of new sanctions lists, watchlists, and custom rules to ensure accurate detection of financial crime.
• Prepare and update financial crime and surveillance related slides and presentations for Operational Risk and Compliance Committee (ORCC), ensuring they reflect current risks, trends, and compliance measures.
• Compile and submit detailed monthly financial crime reports to Holding, providing insights into key metrics, incidents, and compliance with regulatory requirements.
• Prepare Management Information for the Operational Risk and Compliance Committee;
• Track reported incidents and follow-up on the action plans implementation;
• Other Compliance tasks and projects, as directed by the Head of Compliance

EXPERIENCE REQUIRED:

• 2^nd line Financial crime/generalist compliance experience from Investment banking/wholesale banking background - NOT KYC
• Financial crime risk assessment/sanctions/policy writing experience would be highly desirable from an investment banking background
• Proven Investment /wholesale banking compliance experience is required
• Experience of acting as a second line of defence, in order to ensure strict compliance with regulations, risk management oversight and sustainable growth.

For further information please contact Hannah Tabatabai