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We are inviting applications for Senior Associate - Compliance & Financial Crime department at King street for an international Bank. Our client is in Wholesale Banking very established Bank in UK since more then 100 yeras. This is a permanent position based in Harrow.
Job Role
The role's primary purpose is to perform second-line reviews of Financial Crime controls, which encompass Know Your Customer (KYC), Anti-Money Laundering (AML), Sanctions, Anti-Bribery and Corruption (ABC), Fraud, and Market Abuse throughout the bank. Key responsibilities also include the investigation of suspicious activity reports (SARs) and coordinating support for queries in relation to Data Protection, Data Subject Access Requests (DSARs), and Data Breaches.
Key Responsibilities
1. Second Line Oversight and Assurance
Provide independent oversight of first line AML/CFT risk management activities, including customer due diligence, transaction monitoring, and screening.
Conduct risk-based and thematic reviews to assess the adequacy and effectiveness of AML controls and procedures across business units.
Identify and report on gaps, control weaknesses, and breaches, and track remediation to closure.
Review and challenge first line risk assessments, escalations, and decisions on high-risk customers or transactions.
Ad hoc projects and assignments related to Compliance and Financial Crime, Internal Audit and FCA action plan as allocated by the Deputy Manager/Head of Legal & Compliance.
2. Suspicious Activity Monitoring and Reporting
Assist the MLRO in investigating unusual or suspicious activity escalated by the business.
Prepare and support the filing of Suspicious Activity Reports to NCA or other relevant authorities.
Maintain records of internal investigations, decisions, and SAR submissions in line with regulatory requirements.
3. Regulatory Engagement and Reporting
Support the MLRO in interactions with regulators, including inspections, audits, and reporting obligations.
Assist in preparing responses to regulatory requests and ensure timely submission of required information.
4. Advisory and Regulatory Change Management
Provide advice to the business and operational teams on AML/CTF compliance issues, particularly on higher-risk clients, transactions, or geographies.
Monitor changes to applicable laws and regulations and support implementation of policy and process updates to ensure ongoing compliance.
Act as the primary point of contact from Compliance, offering advisory, guidance, and training to the Financial Crime Operations (FCO) department.
Provide independent second-line oversight of FCO activities.
5. Data Analytics and Management Information (MI)
Analyze AML-related data and trends to identify emerging risks or control issues.
Prepare MI for the MLRO, senior management, and relevant committees to support governance and decision-making.
6. Governance Participation
Participate in relevant governance forums, risk committees, or working groups relating to financial crime.
Support the MLRO in preparing reports and updates for senior management and the Board (e.g., on policy changes, risk exposure, SAR trends, etc.).
7. Data Protection, Data Subject Access Requests (DSARs) and Data Breaches
Serve as the key point of contact for data protection, DSAR, and data breach queries, liaising directly with the Data Protection Officer.
Develop and deliver training on data protection-related topics.
Manage various administrative duties in relation to data protection, DSARs and data breaches as and when required.
Qualifications & Experience
Bachelor's degree in law, Finance, Business, or a related field.
Professional certifications such as CAMS, ICA Diploma, or equivalent AML/CTF qualification preferred.
3-5 years of experience in AML compliance, preferably in a regulated financial institution.
Strong understanding of AML/CTF laws, regulations, and regulatory expectations.
Experience operating within a 3 Lines of Defence model.
Excellent analytical, investigative, and problem-solving skills.
Strong interpersonal, communication, and stakeholder management abilities.
