Compliance Officer- AVP

Compliance Professionals; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A multinational banking organisation is seeking a Compliance Officer to implement UK AML regulatory updates and manage compliance requirements. Candidates should have 4-5 years of experience in compliance within the financial sector, with strong knowledge of banking products and UK regulatory frameworks.

Qualifications

• Minimum 4-5 years compliance experience in Banking/Financial Industry.
• Strong knowledge of UK AML regulations and JMLSG guidelines.
• Familiar with compliance monitoring and legal regulatory frameworks.

Responsibilities

• Track and implement UK AML regulatory updates.
• Conduct risk assessments and manage compliance testing.
• Update internal Policies and Procedures promptly.

Skills

Knowledge of UK AML regulations

Financial crime and regulatory compliance

Risk assessment

Policy formulation and compliance testing

Understanding banking products

Tools

Word

Excel

Power Point

Job description

THE COMPANY: Our client is a multinational banking organisation. They are seeking a generalist Compliance Officer to join the team. THE RESPONSIBILITIES:

• Tracking and operationally implementing UK AML regulatory updates
• Working on all financial crime matters depicted in FCA Financial Crime Guide.
• Working closely with CDD/KYC customer on-boarding process for complex corporate customers
• Assessing the level of risk associated with PEP/RCA, SIE, SIP, and adverse news during customer on-boarding.
• Understanding, track and implement the sanctions updates from HM Treasury's Office for Financial Sanctions Implementation (OFSI)
• Good breadth of tracking and implementing the relevant regulatory updates
• Working on risk and control processes (CSA, RCSA and RRSA)
• New Product Approval Process
• Experience of conducting annual risk assessment on various risk areas for example, ABC, CFA, Conduct, Modern Slavery etc.
• Dealing with FCA reporting requirements through RegData portal.
• Submitting FCA CONNECT Applications.
• Updating internal Policies and Procedures in timely manner.
• Implementing reg compliance, CDD/KYC, and any other systems.
• Formulating compliance testing plan and carrying out the FCC and Reg Compliance testing and QA locally.

EXPERIENCE REQUIRED:

• Minimum 4-5 years Compliance experience within the Banking/Financial Industry, leaning towards international and UK compliance.
• Knowledge of both financial crime and regulatory compliance/compliance monitoring
• A strong knowledge of UK AML regulations including JMLSG guidelines
• Familiar with UK’s legal regulatory framework and requirements
• Good & practical understanding of banking products
• PC literate, particularly Word, Excel, and Power Point
• Experience of interacting with an overseas Head Office would be an advantage.
• Experience in understanding and implementing CDD/KYC related systems

For further information please contact Natalie Eshelby