Anti Money Laundering Analyst - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Tradition is currently seeking to appoint an Anti Money Laundering Analyst on a fixed term contract basis to be based in London.

Main responsibilities within the Anti Money Laundering Analyst position include**:

Carrying out the on-going client review as per client on-boarding policy and procedures
Carry out preliminary checks (type of activity, identification of the desk entertaining a relationship with the client, existing documentary evidence)
Collating the documentary evidence which is publically available
Contacting the client or broker and request the outstanding information
Ensuring the UBO has been clearly identified and where appropriate the UBO exemption recorded adequately with the documentary evidence
Ensuring the client risk is adequately recorded and where necessary with the appropriate approvals and rationale for downgrading a client risk
Comply with the Enhanced due diligence policy and procedures and seek final approval of Senior Management for high risk clients
Updating the client static data, including legal representatives and UBO's
Monitor, analyse, investigate, resolve and escalate where appropriatethe sanctions' screening alerts
Escalate as appropriate any discrepancies back to the first line of defence team or MLRO
Communicate with head of desks / brokers in relation to offboarding clients where necessary
Submitting the completed clients to the second line client onboarding team
Maintaining and updating the client review log
Providing MI on the status of the client reviews
To act as an advisory and control function for the purpose of complying with regulatory and internal requirements to combat AML / CFT
To work within and assist in the development of the second Line of Defence Client Onboarding Function within the Compliance Department.
To work in collaboration with First Line of Defence Client onboarding Team and any other relevant stakeholders
Review and provide the second approval status of new clients submitted by the first line of defence client onboarding team
Communicate with any appropriate and relevant stakeholders
Maintenance of data quality checks on client database
Maintenance of the daily, monthly exception reports and act accordingly
Maintaining and updating the client database (both on excel and cdc)
Carry out other administrative tasks as and when required
General Compliance Administration duties

Key skills, experience and competencies required to be successful in this role:

Good Knowledge of Client On-boarding process
Good knowledge of related processes such as the Know Your Customer (KYC) and the Anti-Money Laundering Regulations.
Understanding of client regulatory & Tax classification
Mifid, FATCA, CRS
Understanding of the EU / US / UK Sanctions regime
Understanding of the Anti-Bribery requirements
FCA knowledge client classifications, conduct of business rules, training and competence, Approved Persons and FCA processes.
Basic knowledge of the firms' products including cash equities and securities, equity and commodity derivatives and money markets
Experience of dealing with formal documentation
Experience of international wholesale markets
Knowledge of the UK anti money laundering rules and regulations
Basic knowledge of tax requirements related to the identification and classification of clients under FATCA and Common Reporting Standards (CRS)
Appreciation of Compliance Risk