Financial Crime Temp (Sanctions)

THE COMPANY:

Our client is a leading international banking group based in the City.

THE RESPONSIBILITIES:

• Monitor industry and professional developments in respect of financial crime, stay informed, and identifying opportunities to enhance Branch risk mitigation and compliance, sharing developments with the wider team.
• Provide timely and consistent sanctions advice to key stakeholders. Act an SME on sanctions with an in-depth understanding of UK, EU, US and UN sanctions laws.
• Perform enhanced due diligence on Sanctions related referrals from the business using sanctions software and other sources of information.
• Be aware of new sanctions and regimes changes and adjust process and inform staff as necessary.
• Review and clear output from the sanctions batch matching process. Assist with the maintenance of the administrative controls that support the framework. Maintaining the sanctions query log and supporting due diligence.
• Formally escalating confirmed suspicious activities to the Suspicious Activity Reporting Unit.
• Engaging with relevant stakeholders including front-office relationship managers.
• Monitor industry and professional developments in respect of financial crime, stay informed, and identifying opportunities to enhance Branch risk mitigation and compliance, sharing developments with the wider team.
• Applying industry, risk and control expertise to support the team and Branch.  Delivering fast, accurate and efficient sanctions screening in a timely manner.
• Maintaining professional working knowledge and application of legal and regulatory obligations in respect of Monty Laundering / Terror Financing and Sanctions, Anti Bribery and Corruption as it applies to the UK.
• Maintaining broad knowledge of international standards, guidance, recommendations and typologies from bodies including FATF, Wolfsberg, Egmont, IMF, World Bank and SWIFT.
• Maintaining a working knowledge of the Trade Finance and Correspondent Banking guidance and practices provided by World Trade Organisation (WTO), International Trade Centre and the International Chamber of Commerce.
• Give advice on regulatory matters such as sanctions, financial crime and licensing. Maintaining the sanctions query log and supporting due diligence.
• Updating and maintaining compliance process documents such as batch processing
• Training staff on sanctions and financial crime.
• Manage other ad-hoc tasks.

EXPERIENCE REQUIRED:

• Legal background/degree preferred
• Prior experience of working in Financial Crime & Transaction Monitoring
• Previous experience in AML investigations
• A structured approach to the investigations of alerts

For further information please contact Hannah Tabatabai