Enable job alerts via email!

Sanctions Screening Analyst

Crown Agents Bank

London

Hybrid

GBP 30,000 - 50,000

Full time

Yesterday
Be an early applicant

Generate a tailored resume in minutes

Land an interview and earn more. Learn more

Start fresh or import an existing resume

Job summary

A leading UK bank seeks to bolster its compliance team by hiring a Transaction Screening Specialist. This role is key to managing the Transaction Screening process, ensuring compliance with regulations and contributing to anti-financial crime efforts. The ideal candidate will possess strong analytical skills, experience in sanctions roles, and a commitment to ensuring the integrity of the banking process.

Benefits

Contributory pension plan
Life assurance
Private Medical Insurance
Discretionary bonus
Competitive annual leave
Volunteering days

Qualifications

  • Minimum of 2 years experience in a sanctions or anti-financial crime role.
  • Banking experience, including payments and SWIFT knowledge.
  • Knowledge of Mobile Financial Services.

Responsibilities

  • Investigate payment alerts and provide detailed rationales for decisions.
  • Review and assess mobile money transfer sanction alerts.
  • Liaise with clients to clarify potential true matches.

Skills

Attention to detail
Communication
Analytical skills

Education

ICA, ACAMS AML or equivalent

Job description

Company Description

Crown Agents Bank is a rapidly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world using FX and payments technology. We are transforming how payments and FX operate in emerging markets, reducing friction so that more money reaches those in need. Emerging markets payments are often challenging, expensive, unreliable, and opaque. Our solutions aim to address these issues. Ultimately, we connect traditionally hard-to-reach regions to global financial infrastructure, providing access to the best prices and the fastest, most reliable settlement.

FX and cross-border payments are typically complex and costly, especially in emerging markets. Crown Agents Bank (CAB) leverages its trusted relationships and extensive network, combined with innovative digital capabilities and cross-border transaction banking solutions, to enable fintechs, corporates, governments, development organizations, and banks to move money to, from, and across often hard-to-reach markets.

Job Description

The role involves supporting the first line of defense within the business by managing the Transaction Screening process for all live payments processed by Crown Agents Bank. The objective is to ensure compliance with regulations and legislation, contributing to CAB’s program to prevent exposure to financial crime and sanctions risk.

Role Responsibilities

  1. Investigate high-volume payment alerts within the EastNets Safe Watch Filtering Screening tool, providing detailed rationales for decisions to release, reject, or block transactions.
  2. Review mobile money transfer sanction alerts and assess their permissibility or need for further investigation.
  3. Liaise with clients via email as necessary to clarify potential true matches.
  4. Handle hits/alerts according to defined procedures, ensuring quality and timeliness standards are met.
  5. Evaluate repetitive items and perform trend analysis to reduce false hits.
  6. Stay informed about regulatory changes and AML news, focusing on OFAC, HMT, UN, and EU sanctions developments.
  7. Proactively suggest process improvements to enhance efficiency and effectiveness.

Qualifications

  1. Preferred professional qualification such as ICA, ACAMS AML, or equivalent.
  2. Minimum of 2 years experience in a sanctions or anti-financial crime role.
  3. Banking experience, including payments and SWIFT knowledge.
  4. Experience working with high-risk jurisdictions or emerging markets.
  5. Knowledge of or experience in Mobile Financial Services.
  6. Ability to manage workload independently, overseeing investigations from start to finish.
  7. High accuracy and attention to detail in a high-volume, deadline-driven environment.
  8. Excellent written and verbal communication skills.
  9. Organized with strong attention to detail.

Additional Information

  1. Hybrid working arrangement.
  2. Contributory pension plan: Employee 2%, Employer 7%, with employer matching contributions up to Employee 5% and Employer 10%.
  3. Life assurance covering 4 times the annual salary.
  4. Group Income Protection.
  5. Private Medical Insurance, potentially including coverage for partner and/or children, with optical, dental, and audiology benefits.
  6. Discretionary bonus.
  7. Competitive annual leave.
  8. Two volunteering days per year.
  9. Access to Benefit Hub.
Get your free, confidential resume review.
or drag and drop a PDF, DOC, DOCX, ODT, or PAGES file up to 5MB.