Financial Crime Specialist

Rev & Regs are recruiting for a Financial Crime Specialist role for a top-tier UK specialist bank.

This is an excellent opportunity for a financial crime professional looking to apply their expertise within a financial services environment.

Responsibilities:

• The Financial Crime Specialist is responsible for undertaking first lines of defence responsibilities relating to financial crime activities across multiple products and commercial business units in accordance with internal standards, quality measures and agreed service level agreements.
• Ensuring Enhanced Due Diligence (“EDD”) requirements are fully achieved, including reviewing high-risk approval requests submitted by underwriters for onboarding customers with connections to high-risk countries, and preparing quality, well presented, and in -depth reports for consideration and approval by the Group’s Money Laundering Reporting Officer.
• Conducting EDD investigations to support the 2nd line Financial Crime Team in filing SAEs and reporting Financial Crime.
• Reviewing queries relating to Financial Crime matters including requests relating to guidance on high-risk scenarios and professionally advising and guiding the Group as appropriate.
• Actively monitoring and reviewing fraud alerts, investigating such alerts, and escalating where necessary.
• Supporting the Financial Crime Analysts in undertaking customer due diligence checks for onboarding, customer screening, ongoing transaction monitoring and periodic reviews.
• Continuously keeping abreast and maintaining accurate and complete KYC/AML due diligence oversight records on new and existing customers to ensure relevant databases and records accurately capture and reflect the completion of review.
• Assisting with the completion of first line assurance, to ensure the Group’s business continuously operates within the parameters of agreed policy, procedures, and risk appetite framework.
• Embedding the Group’s Compliance Procedures into Standard Operating Procedures (“SOPs”) and the business ways of working.
• Participating in Group wide KYC and AML related projects as required.

Experience:

• Strong demonstrable experience operating within a financial crime department within the financial services industry.
• Hands-on experience handling complex investigations, reviews and high-risk cases.
• Strong knowledge of corporate structures, beneficial ownership and overseas entities.
• Experience assessing customers and entities linked to high-risk jurisdictions.
• Knowledge and experience of client onboarding, including any exposure to KYC, CDD, or EDD processes.
• Strong understanding and awareness of relevant regulations and guidance (e.g. JMLSG, FCA, FC Guidance, Money Laundering Regulations (MLR) and FATF).
• Demonstratable experience covering client onboarding, specifically the onboarding of sole traders, partnerships, and limited companies.

Salary: £50,000 - £55,000 plus bonus

Location: Hybrid (3 days per week in City of London office)

Duration: Permanent