The AML team performs a number of functions, which include:
* Supporting and assisting senior management with adherence to applicable laws and regulations, as well as operating to high standards of business and ethical integrity;
* Interpreting applicable laws, regulations and standards and advising the London staff;
* Providing training where appropriate to staff on a number of relevant laws, regulations and standards;
Monitoring and reporting on the firms and staff compliance with laws, regulations and standards.
Job purpose
Support the UK Head of Sanctions in the provision of sanctions expertise and advice to the business, and second level of defence support in the governance and oversight of key sanctions risk management processes
Key responsibilities
* Support the Head of AML Sanctions and the team to ensure the UK has the infrastructure to comply with Group,Sanctions Policy and UK legal and regulatory requirements in relation to payments filtering and sanctions screening
* Leads on the horizon scanning and tracking of UK Sanctions and Trade regulatory developments and material geo-political events programme including producing guidance, policy and recommendations (with Legal input where required) for Compliance colleagues
* Represents in relevant industry groups and advocacy initiatives to gather intelligence regarding Sanctions & Embargoes and Trade Compliance in the wider financial services sector, making recommendations to enhance the UK Sanctions compliance framework where necessary
* Assist in ensuring local procedures required to implement Group Sanctions Policies and local regulations are up-to-date and appropriate
* Identify opportunities to develop and improve the effectiveness of the sanctions infrastructure governance and oversight framework
* Provide technical advice in relation to complex sanctions and embargoes queries to local stakeholders, wider business and nearshored hubs including, UK Businesses in respect of Group Policy, and local requirements
* Provide technical Sanctions & Embargoes payment alert disposition opinion/advice
* Develop and maintain relationships with key business stakeholders
* Review and report potential circumvention cases, voluntary self-disclosures and potential sanctions incidents/ cases
* Review and dispositioning of Sanctions name screening alerts
* Manage, control and perform regulatory reports related to the UK frozen assets
* Support on significant team processes carried out under Group and Local Policies such as List Management, controls and management information to identify any keys risks or trends
* Providing Sanctions & Embargoes training where appropriate to staff on a number of relevant laws, regulations and the firm
* Support on strategic and tactical projects affecting theLondon Branch sanctions compliance framework
* Provide support/assistance to the wider team on payment and financial sanctions related topics.