Financial Crime Compliance Officer

A prestigious private bank with a significant and growing presence in the UK is seeking a Financial Crime Compliance Officer.  It is essential that this candidate has financial crime experience from a wealth background.

Key Responsibilities;

Client Due Diligence (CDD) and Enhanced Due Diligence (EDD):

• Conduct compliance reviews of high-risk client account openings
• Perform compliance reviews of periodic reviews for high-risk clients
• Provide guidance and support to the 1LOD (Wealth Management team) on CDD and EDD requirements for low, medium, and high-risk clients.

Advisory and Query Management:

• Manage the team mailbox, responding to advisory-related queries from internal stakeholders, including the wealth management team
• Provide expert advice on financial crime risks

Oversight and Testing of 1LOD:

• Reviewing medium and low-risk client files to ensure compliance with CDD requirements.
• Monitoring conditions and ensuring timely resolution of outstanding issues.
• Testing the effectiveness of controls

Management Information (MI) and Reporting:

• Assist management in the preparation and analysis of Compliance MI, providing insights into trends, risks, and areas for improvement.
• Support the development and maintenance of dashboards and reports to track financial crime compliance performance.

Policies, Procedures, and Training:

• Assist in the development, review, and maintenance of financial crime compliance policies and procedures, ensuring they remain up to date with regulatory changes and industry best practices.
• Provide training and awareness sessions

Regulatory support

• Support the Head of Financial Crime Compliance KYC Team in responding to regulatory inquiries, audits, and inspections.
• Assist in the preparation of documentation and evidence for internal and external audits related to financial crime compliance.

About You

• Proven experience in a financial crime compliance role within a private banking or wealth management environment.
• Strong knowledge of KYC, CDD, EDD, and financial crime risk management processes.
• Experience in managing compliance reviews and providing advisory support.
• Relevant professional qualifications (e.g., ICA Diploma in Financial Crime Compliance, CAMS) are desirable.

For further information please contact Natalie Eshelby