Compliance & AML Analyst

THE COMPANY:

We are working with a corporate bank based in the West End of London, who are looking for a Compliance & AML Analyst.

This role is 5 days a week in the office – please only apply if you are able to commit to this.

THE RESPONSIBILITIES:

• Undertake activities of the Compliance Monitoring Programme to ensure compliance with Regulatory requirements as well as the Bank’s policies and procedures.
• Review the Bank’s AML due diligence and Customer Risk Assessments for new account openings. Ensure the business team completes Enhanced Due Diligence (EDD) for all higher-risk customers, including documenting Source of Funds (SoF) and Source of Wealth (SoW). Account openings must not proceed without appropriate senior management approval for PEPs and other designated higher-risk indicators.
• Undertake transaction monitoring includes checking source of funds and source of wealth to assist in the prevention of Financial Crime and Money Laundering.
• Review customer account updates completed by the frontline team. Ensure that transaction monitoring is effective. Investigate and escalate any anomalies in accordance with the Bank’s AML and CFT procedures.
• Support preparation of regulatory submissions, attestations, and senior management reporting.
• Investigate and help resolve, both internal and external compliance issues.
• Assist in reviewing payments referred to Compliance. This includes verifying transactions against Bank policies and procedures, validating sources of funds and beneficiaries to ensure compliance with sanctions, embargoes, and Bank-imposed restrictions.
• Assist with investigations into Suspicious Activity Reports (SARs) submitted by staff and prepare disclosure reports to the NCA, as required.
• Help manage payment screening queues and conduct weekly scans of the customer database to ensure compliance with OFAC, UN, EU, and UK sanctions and embargoes.
• Keep senior management informed of developments in relevant laws, regulations, and guidelines that impact the Bank’s AML risk and control framework.
• Assist in maintaining and reviewing the Bank’s internal compliance procedures manual—especially those related to AML and CFT—as well as related staff guidance.
• Identify and perform EDD on higher-risk customers, including PEPs and those linked to high-risk business sectors or countries flagged by the Bank.
• Participate in ad-hoc projects as required.

EXPERIENCE REQUIRED:

• This role is 5 days a week in the office – please only apply if you are able to commit to this.
• Minimum 2 years’ experience in a similar Generalist Compliance and AML  role within a Corporate retail or private bank serving HNW customers
• Solid knowledge of banking products and services
• Good understanding of UK AML and CTF regulations
• Working knowledge of GDPR and the Data Protection Act
• Strong written and verbal communication skills
• Capable of prioritizing and meeting strict deadlines

For further information please contact Hannah Tabatabai