Senior Associate Compliance and Financial Crime

Compliance Professionals; Greater London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A retail and corporate banking firm is seeking a Senior Associate within Compliance and Financial Crime in Greater London. The role involves providing oversight for AML/CFT risk management, conducting reviews, and advising the business on compliance issues. Ideal candidates will have professional AML certifications and experience in compliance within financial institutions. Strong analytical and communication skills are necessary for success in this role.

Qualifications

• Preferred professional certifications in AML/CTF such as CAMS or ICA Diploma.
• Experience in AML compliance within a regulated financial institution.
• Strong understanding of AML/CTF laws and regulations.

Responsibilities

• Provide oversight of AML/CFT risk management activities.
• Conduct thematic reviews to assess AML controls.
• Review risk assessments and escalate decisions.

Skills

Excellent analytical skills

Investigative skills

Problem-solving skills

Strong interpersonal skills

Effective communication

Stakeholder management

Education

Professional certifications such as CAMS or ICA Diploma

Job description

THE COMPANY:

Our client is a successful retail and corporate banking firm. They are looking to hire a Senior Associate within Compliance and Financial Crime.

THE RESPONSIBILITIES:

• Provide independent oversight of first line AML/CFT risk management activities, including customer due diligence, transaction monitoring, and screening.
• Conduct risk-based and thematic reviews to assess the adequacy and effectiveness of AML controls and procedures across business units.
• Identify and report on gaps, control weaknesses, and breaches, and track remediation to closure.
• Review and challenge first line risk assessments, escalations, and decisions on high-risk customers or transactions.
• Ad hoc projects and assignments
• Assist the MLRO in investigating unusual or suspicious activity escalated by the business.
• Prepare and support the filing of Suspicious Activity Reports
• Support the MLRO in interactions with regulators, including inspections, audits, and reporting obligations.
• Assist in preparing responses to regulatory requests
• Provide advice to the business and operational teams on AML/CTF compliance issues
• Monitor changes to applicable laws and regulations and support implementation of policy and process updates to ensure ongoing compliance.
• Act as the primary point of contact from compliance
• Analyze AML-related data and trends to identify emerging risks or control issues.
• Prepare MI for the MLRO, senior management, and relevant committees to support governance and decision-making.
• Participate in relevant governance forums, risk committees, or working groups relating to financial crime.
• Support the MLRO in preparing reports and updates for senior management and the Board
• Serve as the key point of contact for data protection
• Develop and deliver training on data protection-related topics.
• Manage various administrative duties

EXPERIENCE REQUIRED:

• Professional certifications such as CAMS, ICA Diploma, or equivalent AML/CTF qualification preferred.
• Experience in AML compliance, preferably in a regulated financial institution.
• Strong understanding of AML/CTF laws, regulations, and regulatory expectations.
• Experience operating within a 3 Lines of Defence model.
• Excellent analytical, investigative, and problem-solving skills.
• Strong interpersonal, communication, and stakeholder management abilities.

For further information please contact Natalie Eshelby