AM Transaction Monitoring & KYC Job in EC2V, Cheap, Greater London. Apply for the latest EC2V, Cheap, Greater London jobs in Accounting/Financial/Insurance.
AM Transaction Monitoring & KYC Job in EC2V, Cheap, Greater London
Job Description
Our client an international bank is seeking an Assistant manager in Transaction Monitoring and KYC to join their team for a FTC of 15 months. The job holder is required to have a strong AML and anti-financial crime background. The purpose of this role is to manage the transaction and customer screening team.
JOB RESPONSIBILITY
* Responsible for investigating and assessing alerts of potential money laundering and financial crime risks to the Bank
* Ensure high quality of investigations is maintained, providing support and training to FC Associates to identify ‘red flags’ which may indicate potential suspicious activity when investigating alerts.
* Manage workflows and establish, maintain and follow agreed to calendar, procedures for transaction monitoring.
* Ensure timely, efficient reporting of suspicious activity reports (SARs) to the MLRO.
* Participate in the successful implementation of the new IT AML system for transaction monitoring.
* Review alert scenarios and thresholds for effectiveness and draft a report outlining any proposed changes and the impact.
* Composing financial crime updates to communicate information to financial crime associates on latest trends/patterns.
* Undertake investigations and follow up with stakeholders to resolve any issues that are raised.
* Providing training as a Financial Crime Subject Matter Expert within the FCO team as well as other relevant departments and branches.
* Responsible for making amendments to the transactional monitoring process manual.
* Perform on-going review of the AML system used in generating alerts and provide constructive reports for system related changes for making the system/process more robust.
* Participate in ad hoc projects that may be identified from time to time.
KYC Screening:
* Developing and implementing the system and procedures for the KYC module
* Monitoring the performance and submitting required MI including the analysis on scenarios on a periodic basis.
COMPETENCY
* Experience of business activities and compliance within banking industry, especially linked to FCA/ PRA/ICO and other regulators
* Background understanding of Transactional Screening, Customer Screening and Transaction Monitoring
* Knowledge of regulations on Financial Crime, including Sanctions, KYC and AML
* Knowledge of retail and commercial banking products
* Experience in detailed analysis of banking customers and transactions and making recommendations on next steps
* Experience in identifying unusual/ suspicious transactions and outlining rationale
* Knowledge and experience of risk based approach pertaining to AML processes
Job Type: Contract, Full Time
Location: EC2V, Cheap, Greater London
Category: Accounting/Financial/Insurance
City: Cheap
County: City and County of the City of London
Country: United Kingdom
Salary: £42000/annum Plus standard banking benefits
Benefits: Plus standard banking benefits
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