EDD Manager

Alpha FX; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A reputable financial services firm in London seeks an experienced compliance professional to lead the Enhanced Due Diligence process for high-risk clients. The ideal candidate will have over three years’ experience in a financial crime role, focusing on AML regulations and client management. Responsibilities include managing escalations, developing policies, and working with internal teams. Attractive benefits include private medical insurance and a pension scheme.

Benefits

Private medical insurance

Enhanced maternity and paternity leave

Access to free online counselling

Cycle-to-work and Electric Vehicle schemes

Workplace Nursery Benefit

Pension scheme with employer contribution

Sponsored learning and development

Work-from-home equipment budget

Company-wide incentive trips

Access to a state-of-the-art gym and free breakfast

Qualifications

• At least 3 years' experience in a second-line financial crime role, focusing on EDD and high-risk clients.
• Strong understanding of AML and Sanctions regulations, KYC principles, and risk management frameworks.
• Proactive and detail-oriented with commitment to compliance.

Responsibilities

• Lead the EDD process for high-risk clients and align with regulatory requirements.
• Serve as the primary contact for escalations, offering guidance on financial crime.
• Oversee due diligence for high-risk clients and assess risk profiles.

Skills

Analytical skills

Investigative skills

Communication skills

Education

Relevant certifications (e.g., ICA, ACAMS)

Job description

Responsibilities

1. Enhanced Due Diligence (EDD): Lead the EDD process for high-risk clients, including comprehensive reviews and approvals, ensuring alignment with regulatory requirements and Alpha Group's risk appetite.
2. Escalation Point: Serve as the primary contact for escalations from Transaction Monitoring and Onboarding teams, providing guidance and resolution on complex financial crime concerns.
3. High-Risk Client Management: Oversee due diligence for high-risk clients, assessing their risk profile and ensuring ongoing monitoring.
4. Transaction Analysis: Support the investigation of suspicious transactions flagged during monitoring, ensuring thorough documentation and timely resolution.
5. Policy and Procedure Development: Contribute to the development and enhancement of AML/EDD policies and procedures, incorporating best practices and evolving regulatory standards.
6. Training and Development: Provide guidance and training to team members, promoting awareness and understanding of EDD requirements and high-risk client management.
7. Regulatory Reporting: Assist the MLRO with the preparation of regulatory reports, including Suspicious Activity Reports (SARs) and periodic filings.
8. Internal Collaboration: Work closely with Compliance, Legal, and Business units to foster a culture of compliance and mitigate financial crime risks.

Skills & Experience Required

1. Experience: At least 3 years' experience in a second-line financial crime role, with a focus on EDD and managing high-risk clients.
2. Knowledge: Strong understanding of AML and Sanctions regulations, KYC principles, and risk management frameworks in the financial services sector.
3. Skills: Analytical and investigative skills with the ability to manage complex cases and resolve escalations efficiently.
4. Communication: Excellent verbal and written communication skills, with the ability to engage effectively with internal and external stakeholders.
5. Qualifications: Relevant certifications (e.g., ICA, ACAMS) are highly desirable.
6. Attributes: A proactive and detail-oriented individual with a commitment to maintaining the highest compliance standards.

What We Offer

1. Private medical insurance covering employees and their families.
2. Enhanced maternity and paternity leave policies.
3. Access to free online counselling via BetterHelp.
4. Cycle-to-work and Electric Vehicle schemes.
5. Workplace Nursery Benefit.
6. Pension scheme with Aegon (5% employer contribution).
7. Sponsored learning and development.
8. Work-from-home equipment budget.
9. Company-wide incentive trips abroad.
10. Office amenities, including access to a state-of-the-art gym, onsite personal training, free breakfast, and a Friday bar.

Job ID 90