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Senior Financial Crime Analyst

  • Location: City of London
  • Salary: £300 per day inside IR35 per day
  • Job Type:Contract

Posted about 2 months ago

  • Sector: Financial Crime & Fraud
  • Contact: Pritesh Chudasama
  • Contact Email:
  • Contact Phone: 02036371607
  • Expiry Date: 15 September 2022
  • Job Ref: PCH/19439

​Senior Financial Crime Analyst required to support the Financial Crime Manager (and ultimately the Head of Financial Crime & MLRO) with implementing and embedding financial crime systems and controls, carrying out themed review of controls including project managing financial crime control changes.


You will be responsible for ensuring that the Company complies with the Financial Services and Markets Act 2000, and specifically with the Money Laundering Regulations 2017, the FCA Handbook and JMLSG guidelines together with Company policy, when establishing new customer relationships; together with ongoing monitoring and reviews.


The main duties of this role will include:


·         Performance of Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), source of wealth and funds, identifying and verifying ultimate beneficial owners, client information, client risk assessment, client profiling and suitability during the account opening process and subsequent client periodic reviews.

·         Providing the business with advice and guidance on all relevant regulatory/AML obligations and requirements.

·         Monitoring all aspects of the business to identify actual or potential weaknesses of internal controls and advising on remedial action that may be taken by line management.

·         To undertake project work and management to assess the firms’ financial crime regulatory exposure and make recommendations to the business to ensure compliance.

·         Support the Financial Crime Manager/Deputy MLRO in implementing change and adhering to company policy and risk tolerances.

·         Conduct customer screening (Sanction, PEPS and adverse media) level 1 investigations and escalate any potential matches to the FC Manager/Deputy MLRO or MLRO as appropriate.

·         Closing accounts and ensuring appropriate due diligence has been performed before remitting balances to the client.

·         Deal with client on boarding and account maintenance queries.

·         Investigate suspicious transactions (SIRs) escalated by the transaction monitoring report and escalate to the FC Manager or MLRO as appropriate.

·         Fill in SAR reports when required.

·         Assist with developing and producing management information reports for the internal reports including the Financial Crime Committee.

·         Maintaining and reviewing the Suspicious Activity Reports log

·         Perform quality assurance testing on high risk client accounts and also screening procedures.

·         Keep abreast of regulatory, legislative change and industry specific updates - share findings and observations that may materially impact the business.

·         Undertake any ad-hoc AML/TF/fraud reporting, risk assessments as required



Key requirements:

·         Minimum of 5 years’ experience as a CDD/KYC or AML analyst in the regulated sector

·         Knowledge of the 2019 Money Laundering Regulations, 5th EU Money Laundering Directive, FCA Best practice and industry

·         Experience of working to tight deadlines for remediation and other financial crime projects

·         Experience of conducting EDD on high risk clients and on-going monitoring

·         ICA AML Certificate or equivalent qualification

·         Experience in the commodities or capital markets industry

·         Microsoft Office - Intermediate-Advance