Financial Crime Analyst

Privalgo; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Privalgo is seeking a Financial Crime Analyst to ensure compliance in all FX transactions. This role involves identifying financial crime risks, operating monitoring systems, and engaging with stakeholders to uphold regulatory standards. Candidates should possess strong analytical and communication skills and have a background in financial crime or compliance.

Qualifications

• 2+ years experience in financial crime or compliance role.
• Understanding of AML compliance and financial services.
• Ability to identify forms of financial crime.

Responsibilities

• Identify and evaluate financial crime risks and implement controls.
• Operate and review transaction monitoring systems.
• Support compliance and regulatory adherence.

Skills

Attention to detail

Analytical skills

Critical thinking

Communication

Problem solving

Tools

Data analytics applications

Job description

About Us

Privalgo provides international payments and FX solutions to a wide range of corporates and high net worth individuals.

We specialise in FX optimisation and risk management, mass international payments and treasury solutions; helping our clients forecast more effectively, as well as managing risk and cashflow in complex circumstances.

Our technology allows secure payments in over 100 currencies all over the world, and our team of experts provides decades of experience and in-depth market knowledge. Through this marriage of innovative technology with personal relationships, we strive to create the ultimate client experience.

We also believe that transparency is key. With us, you'll get 360-degree visibility and insight into every transaction. Know where your money is in real time, at all times.

Privalgo is authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution. We rely on cutting-edge compliance and security processes to ensure clients’ funds are protected to the highest standards.

The Role - being a Financial Crime Analyst at Privalgo

As a Financial Crime Analyst at Privalgo, you will be an integral part of our business operations.

You will be vital to ensuring the regulatory and legal compliance of all FX transactions operated through Privalgo.

You’ll be a hard-working team player, with a strong ethical compass and deep understanding of AML compliance.

Someone who isn’t afraid to challenge alternative perspectives, always presents solutions rather than problems, thinks why and how, rather than why not.

You will be responsible for safeguarding Privalgo, preventing all forms of financial crime. With robust internal processes and application of diligence you will effectively manage and mitigate the risk of financial crime which Privalgo may be exposed to.

When it comes to Financial Crime initiatives, strong attention to detail will be at the heart of everything you do.

You will prioritise the legal compliance of all FX transactions and understand the significance of your role being delivered at the highest standard. Through cross functional collaboration, you will continually echo this throughout each department ensuring transparency and compliance throughout the client journey.

Ethics and integrity will be embedded into your daily operations and delivered continually as Privalgo embark on their scale up journey, in line with our 5 Year plan.

Lastly, we want you to get to know the three pillars of our culture: ambition, accountability, and impact - to live and breathe it, and to help shape and define them as we grow.

Key Objectives and Initiatives

Investigation and Analysis

• Identify and evaluate potential financial crime risks, implementing appropriate controls to mitigate these risks.
• Operate Privaglo’s transaction monitoring systems to identify suspicious activities and transactions.
• Carry out thorough quality assurance through AML processes - KYC documentation collected by Privalgo’s front of house teams during the onboarding process.
• Investigate customer transactions as part of periodic and event-driven customer KYC reviews.
• Execute RFIs and periodic file reviews.
• Analyse alerted payments or transactions for potential Money Laundering and Terrorist Financing risks.
  
  
  

Monitoring and Reporting

• Support the First Line of Defence client onboarding process carried out by Privalgo’s front of house teams such as the Sales Teams and BDM’s.
• Operate and review monitoring and screening systems to identify adverse media, sanctions and politically exposed persons.
• Prepare weekly transaction monitoring reports for the Financial Crimes Forum.
• Report suspected financial crime incidents, supported by thorough analysis and documentation.
• Escalate confirmed suspicious activities to the MLRO formally.
  
  
  

Compliance and Regulatory Adherence

• Apply the firm’s financial crime policies in line with the Privalgo’s risk appetite.
• Support on areas relating to AML, Fraud and AB&C polices.
  
  
  

Technology and Tools

• Operate Privalgo’s technologies and systems to detect, prevent, and investigate financial crime.
• Implement and apply controls and monitoring in line with the Privalgo’s risk appetite.
• Utilise data analytics to identify patterns, trends, and anomalies that may indicate financial crime activities.
• Observe industry trends and speak up about potential opportunities to improve our tools, processes and products.
• Provide technical advice on issues relating to financial crime and fraud.
  
  
  

Cross Functional Collaborations

• Engage with relevant stakeholders including front of house roles - BDM’s and relationship managers to effectively carry out AML and KYC processes.
• Communicate effectively with the wider business to ensure awareness and understanding of financial crime risks and the measures in place to address them.
  
  
  

Required Skills And Experience

• 2+ years’ experience within a financial crime or compliance related role.
• Experience in the foreign exchange industry preferred. Or a general understanding of financial services and the foreign exchange market.
• Ability to identify and understand various forms of financial crime - including fraud, money laundering, terrorist financing, bribery, and corruption.
• Customer service orientated. Can confidently apply quality assurance support processes in relation to transaction monitoring.
• Technical ability across applications and internal platforms supporting the AML and KYC process.
• Excellent analytical skills. A problem solver who presents effective solutions through informed decisions.
  
  
  

You

• Detail orientated. Consistently apply accuracy and attention to detail to any task at hand.
• Critical thinker. Not afraid to voice your opinion and challenge internal stakeholders in the best interest of compliance.
• Forward thinking. You will look for innovative solutions that can enhance the proposition for our clients.
• Excellent communicator with a professional demeanour, both written and verbally.
• Personable with a natural ability build rapport and establish relationships.
• Confident communicating with key stakeholders, internally and externally. Comfortable sharing best practice across the business.
• Lastly, we want you to be your authentic self and have fun along the way.
  
  
  

The Hybrid Life

As a business, we aim to be in the office together three times a week. It’s great for us to be united, bond and have fun whilst we work hard and show what we’re made of. Working hours will be 8:00am – 17:00pm We trust you to manage your week and stay responsible for your deliverables no matter where you are.