Senior Associate - Compliance
- Employer
- Confidential
- Location
- London
- Salary
- 32000.00 - 35000.00 GBP Annual
- Closing date
- 22 Feb 2021
View more
- Employer Sector
- Accountancy Practice
- Contract Type
- Permanent
- Hours
- Full Time
- Travel
- None
- Job Type
- Compliance
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Our client, a leading International bank, is looking for a Senior Associate in their Compliance department for their London Office.
Job role:
Carry out enhanced due diligence on high risk customers escalated to Compliance team, conduct Branch reviews and customer reviews based on risk categorisation.
Job Responsibility:
Ensure compliance with AML/KYC related laws and regulations and identify matters of noncompliance and escalate them as necessary.
Review new accounts for enhanced due diligence and existing accounts for on- going Due Diligence.
Investigate and assess potential money laundering and financial crime risks to the Bank when reviewing new application and existing customer relationships.
Ensure timely, efficient reporting of suspicious activity transactions to the MLRO and registering these on the National Crime Agency website.
Maintain relevant MI required for tracking alerts and SAR's and any other activity within the team as may arise from time to time.
Conduct quarterly review of low and medium risk accounts and submit report to MLRO.
Conduct quarterly branch reviews and submit report to MLRO.
Assist in identifying systematic procedural deficiencies and training requirements based on the reviews conducted.
Prepare monthly and quarterly reports as per Business requirement and submit them as per agreed timelines.
Composing monthly regulatory updates to communicate information to senior management on regulatory changes/developments.
Undertake investigations and follow up with stakeholders to resolve any issues that are raised.
Assist with drafting/amendments of Compliance Policies and Procedures and where required review of other department owned policies.
Participate in ad hoc projects that may be identified from time to time.
Where required provide support to the AML transaction monitoring team, the payments approvals team and PEP reviews.
Provide general compliance administrative support.
Competency:
Working Knowledge and understanding of the local regulatory environment
Knowledge of financial services sector
Sound technical knowledge and ability to apply them to improve productivity
Strong analytic skills required to organise and ability to analyse multiple and complex data sets
Attention to detail and accuracy
Strong verbal and written communication
Key Interactions/Networks:
Retail Branches
Corporate Business Departments
Support Departments such as Operations, Accounts and IT
India Head Office
External third party vendors
Reporting Relationship:
Deputy Manager
Person Specification:
Attention to detail
Good interpersonal skills - including ability to interview and de-brief colleagues for investigative purpose
Good knowledge of MS Office
Team player, able to cover for other team absences when necessary, and also able to lead on issues directly under the role remit
Ability and desire to learn new skills
Self starter that is able to work as part of team, with pro-active attitude towards accomplishing tasks
Job role:
Carry out enhanced due diligence on high risk customers escalated to Compliance team, conduct Branch reviews and customer reviews based on risk categorisation.
Job Responsibility:
Ensure compliance with AML/KYC related laws and regulations and identify matters of noncompliance and escalate them as necessary.
Review new accounts for enhanced due diligence and existing accounts for on- going Due Diligence.
Investigate and assess potential money laundering and financial crime risks to the Bank when reviewing new application and existing customer relationships.
Ensure timely, efficient reporting of suspicious activity transactions to the MLRO and registering these on the National Crime Agency website.
Maintain relevant MI required for tracking alerts and SAR's and any other activity within the team as may arise from time to time.
Conduct quarterly review of low and medium risk accounts and submit report to MLRO.
Conduct quarterly branch reviews and submit report to MLRO.
Assist in identifying systematic procedural deficiencies and training requirements based on the reviews conducted.
Prepare monthly and quarterly reports as per Business requirement and submit them as per agreed timelines.
Composing monthly regulatory updates to communicate information to senior management on regulatory changes/developments.
Undertake investigations and follow up with stakeholders to resolve any issues that are raised.
Assist with drafting/amendments of Compliance Policies and Procedures and where required review of other department owned policies.
Participate in ad hoc projects that may be identified from time to time.
Where required provide support to the AML transaction monitoring team, the payments approvals team and PEP reviews.
Provide general compliance administrative support.
Competency:
Working Knowledge and understanding of the local regulatory environment
Knowledge of financial services sector
Sound technical knowledge and ability to apply them to improve productivity
Strong analytic skills required to organise and ability to analyse multiple and complex data sets
Attention to detail and accuracy
Strong verbal and written communication
Key Interactions/Networks:
Retail Branches
Corporate Business Departments
Support Departments such as Operations, Accounts and IT
India Head Office
External third party vendors
Reporting Relationship:
Deputy Manager
Person Specification:
Attention to detail
Good interpersonal skills - including ability to interview and de-brief colleagues for investigative purpose
Good knowledge of MS Office
Team player, able to cover for other team absences when necessary, and also able to lead on issues directly under the role remit
Ability and desire to learn new skills
Self starter that is able to work as part of team, with pro-active attitude towards accomplishing tasks
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