The role will investigate and document relevant and material risk factors in order to facilitate Senior Management decision-making for the purpose of mitigating financial, regulatory, reputational and legal risk to the business.
Client Details
UK leading Wealth Management firm.
Description
- Conduct high risk client profile analyses to identify key indicators for the purpose of mitigating Anti Money Laundering (AML), financial, regulatory, reputational, and legal risks to the business.
- Confirm and verify the client Source of Funds (SoF) and Source of Wealth (SoW) at the time of onboarding and ongoing monitoring to meet internal standards and industry regulation
- Conduct adverse media searches on client and associated parties, at the time of onboarding and ongoing monitoring relevant to the AML risk rating and channel.
- Identify any "red flags" at the start of client relationship and during ongoing monitoring, including any risk factors which may result in reputational risk and/or any other compliance issues
- Propose appropriate client risk ratings and ensure thorough record-keeping.
- Identify Politically Exposed Persons (PEPs) within the client base.
- Work with stakeholders to ensure that assessments are escalated where relevant, prioritized within defined timelines, in compliance with companies policy and procedures, and delivered in accordance with company values.
- Engage Subject Matter Experts to address material concerns involving Anti-Bribery & Corruption (ABAC), Terrorist Financing, Economic Sanctions, Politically Exposed Person (PEP), Tax and reputational risks and assess any mitigation to the risks identified.
- Adherence to the companies High Risk Client Management processes and procedures, and recommend where improvements/ enhancements can be made.
Profile
- Proven track record within AML/EDD roles. Either within a bank or in an investigations, due diligence or business intelligence role.
- Strong research and investigation skills, particularly with open sources and industry leading databases.
- Excellent writing skills and prior experience of writing complex and detailed reports.
- Detailed knowledge and experience of AML client risk assessment approaches and methodologies, EDD practices and policy development.
- Ideally IMMEDIATELY AVAILABLE.
Job Offer
£35,000 to £45,000 annual salary
Hybrid working