Financial Crime Compliance Analyst
£375.00 per day Umbrella
Milton Keynes (2 days per week)
5 Month Contract
Our client is currently searching for a Financial Crime Compliance Analyst to join their team in Milton Keynes. This role is responsible for supporting risk management by identifying, assessing and mitigating financial crime risk that could harm the clients reputation, finances or regulatory standing.
By analysing transaction patterns, conducting due diligence, undertaking through investigations and ensuring compliance with anti-money laundering (AML) and counter-terrorist financing (CTC) regulations.
Responsibilities:
- Lead investigations into referrals of suspected financial crime, whether received via internal or external source, to identify and mitigate financial crime risks.
- Manage and maintain accurate case records, including any external reporting as necessary and secure storage of evidence, through to case conclusion.
- Complete Politically Exposed Persons (PEPs) & Sanctions Reviews: Ensure timely and rigorous screening is undertaken on potential PEPs and sanctions matches; escalating any potential sanctions matches to the MLRO.
- Analyse finance applications and payment activity to detect signs of identity fraud, misrepresentation fraud, or unusual behaviour primarily via fraud prevention tools (e.g. Hunter II & CIFAS) and identity validation software.
- Complete National Crime Agency (NCA) Suspicious Activity Reporting (SAR): Manage the efficient and timely reporting of suspicious activity via SARs to the NCA, ensuring compliance with regulations and the Proceeds of Crime Act (POCA).
- Complete Fraud & Theft Complaints to Law Enforcement Agencies (LEAs): Assessing whether the circumstance warrants reporting to LEAs. Coordinate the preparation of evidence, such as writing a witness statement, collation of application documentation and other supporting material.
- Conduct Enhanced Due Diligence (EDD) & Transaction Monitoring Activities: Analyse customer behaviour, including high risk financial transactions, to detect suspicious activity or patterns indicative of money laundering or fraud.
- Respond To Information Requests Under General Data Protection Regulation (GDPR): Support LEAs, and other financial institutions, seeking information relating to a customer, finance agreement or vehicle under GDPR.
- Conduct KYC Audits: Undertake CDD audits on Fleet, and Retail finance applications to assess compliance with KYC & Customer Due Diligence (CDD) guidelines; where these standards are not met, document the findings and proposed mitigation, escalating to the Financial Crime Management for review.
- Assess Risks & Mitigation: During day-to-day operations, evaluate financial crime risks related to dealer networks, third-party brokers, products and customer channels
- Support Financial Crime Awareness, Training & Development: Ensure to raise the awareness of Financial Crime risk within the organisation via interactions with stakeholders
Experience Required:
- Awareness of financial services regulatory environment including Money Laundering Regulations, General Data Protection Regulations and legislation including Theft Act, Fraud Act, Terrorism Act, Proceeds of Crime Act.
- Awareness of vehicle finance application processes.
- Thorough understanding of the relevant vehicle finance products and services.
- Desirable but not essential; experience with financial crime systems and software, such as Hunter, CIFAS and Dow Jones
- Desirable but not essential; International Compliance Association (ICA) certificate or equivalent
- Excellent interpersonal skills, with a positive and professional manner.
- Good negotiation and influencing skills.
- Resilient, self-motivated, tenacious with capability to work under own initiative.
- Able to work under pressure and still meet deadlines with a flexible approach.
- Ability to plan own work effectively and prioritise.
