Financial Crime Compliance Officer

Posted 15 days 9 hours ago by Compliance Professionals

Permanent
Full Time
Other
London, United Kingdom
Job Description

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