Job Description
A prestigious financial institution in London is seeking a Compliance / Financial Crime Officer to strengthen their Compliance team. This vital role is dedicated to upholding the UK Money Laundering Regulations and protecting against financial crime. The Compliance Officer is essential in the second line of defence, supporting the onboarding of new customers and ensuring continuous compliance with the bank's policies and procedures, with a significant focus on high-net-worth individuals.
Day-to-Day Responsibilities:
* Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new account openings, including verifying identification, KYC information, and completing money laundering risk assessments.
* Screen all customers for sanctions and negative media at onboarding, during KYC reviews, and upon trigger events, escalating any potential issues.
* Review and update customer accounts, ensuring KYC records are current and transaction monitoring is effective.
* Assist in reviewing and verifying transactions to ensure compliance with sanctions, embargoes, and bank-imposed restrictions.
* Manage payment screening queues and conduct weekly scans of the customer database to ensure compliance with OFAC, UN, EU, and UK sanctions.
* Oversee KYC updates during trigger events and maintain accurate customer AML risk scores.
* Participate in controls testing across the bank and report findings to the Compliance Officer.
* Assist with investigations into Suspicious Activity Reports (SARs) and prepare disclosure reports to the NCA as required.
* Maintain consumer duty and quality testing.
Required Skills & Qualifications:
* Strong understanding of the bank’s products, services, and AML/CTF policies, with a particular emphasis on high-net-worth individuals.
* Proven experience in a similar role within the banking sector, dealing extensively with high-net-worth clients.
* Familiarity with the bank’s core banking systems and data validation.
* Excellent communication skills, capable of maintaining clear and efficient communication with internal and external stakeholders.
* Ability to work independently and as part of a team, with a proactive approach to customer outreach and KYC updates.
Benefits:
* Competitive salary and benefits package.
* Opportunities for professional growth and development within the bank.
* Dynamic and supportive work environment.
Interested candidates are invited to submit their CV.