Permanent Payments Clerk
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Martis Search provided pay range
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Base pay range
The Role
Martis Search is representing a global Bank, to hire a permanent “Operations Payments Clerk”, who would also be working with dual responsibility within a “Sanctions” related Financial Crime Compliance role.
The company is based in The City of London and the bank has global locations.
Our client is looking for someone who will support the Sanctions department and when not needed, will be on hand to help the Fund-of-Funds Operations Department, Tax Team and provide other administrative support to Operations & Custodian Management group. This is a great opportunity to learn not only Operations, but gain exposure to Anti Money Laundering and Sanctions regulations.
KEY RESPONSIBILITIES
* To evaluate alerts for potential sanctions matches and to release those messages that are considered to be false positives or to block them if they are in contravention of sanctions regulations, raising the possible true hit with the MLRO or DMLRO.
* To evaluate alerts of potential fraud and to release those transactions that are false positives or to raise further enquiries following the branch’s internal financial crime policies.
* To ensure that payments/trades are reviewed in a timely manner and that the daily payment/trade deadlines are met.
* To monitor the GT Sanctions system to ensure that the sanctions lists are being updated on a regular basis in line with branch policies.
* To review daily payments made by the Global Asset Services Unit for the potential of money laundering as per policy.
* To undertake fraud prevention review on suspense accounts within the Global Asset Services Unit.
* Report to the Money Laundering Reporting Officer and/or other senior members of the Compliance team where messages may be in contravention of all types of financial crime.
* Daily saving of messages released in the GT Sanctions system.
* To monitor for any sanction related announcements from global-sub custodians/other industry representatives and circulate this information to stakeholders within the bank.
* Maintenance of market specific static data (e.g. currencies, countries and place of settlement) within GAS(UK) systems and liaison with Compliance Dept to approve any updates.
* To undertake other tasks requested by the Head of Operations & Custodian Management in connection with the fight against all forms of financial crime.
* To assist all Heads of Department within the Operations & Custodian Management group with any tasks/projects as appropriate.
The chosen incumbent would also need to support the Fund of Funds and Tax Department when not needed by the Sanctions Team.
* Coordinating AML information to share with fund administrators and handle any subsequent enquiries to ensure the information is acceptable for fund dealing.
* Ensure all Fund of Fund documentation is maintained and kept up to date within the designated network locations.
* Follow ups with fund administrators in relation to outstanding trade confirmations and contract notes.
* Updating the Fund of Fund database with details of trade confirmations and contract notes.
* Update NAV Dealing Dates in the Department calendar.
* Review, investigation and resolution of asset reconciliation breaks, including transaction input.
* End of Day reports review and dissemination to the team.
* General maintenance of the Access database as instructed by the team leaders.
* Assisting with projects.
* Submission of Financial Transaction Tax reporting on a monthly basis.
* Identification of new tax reclaims and updating the Tax database with the information.
* Prepare the monthly/annual tax documentation renewals.
* Updating the Tax database with any client documents.
QUALIFICATIONS AND EXPERIENCE
* At least 1 years’ experience working for a financial services firm.
* Some knowledge of Anti Money Laundering and Sanctions regulations, desired but not essential.
* Ideally 6 months experience of releasing payments/ trades subject to potential sanctions hits.
* Well organised and able to prioritise the workload to ensure deadlines are achieved.
* Takes pride in their work and understands the importance of taking care to ensure work is produced to a high standard.
* Exemplary attitude i.e., eager to learn, works well within a team, inquisitive and self-motivated.
Up to £30 k pa, dependent upon experience, plus very good overtime potential, an annual discretionary bonus, pension, healthcare etc.
Seniority level
Entry level
Employment type
Full-time
Job function
Administrative and Analyst
Industries
Investment Banking, Banking, and Financial Services
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