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Anti Money Laundering Analyst - Fixed Term Contract

Tradition London, United Kingdom
Posted 6 days ago Permanent Dependant on experience
I
Posted by
Ian Filmer
Head of Talent Acquisition
Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people.

Tradition is currently seeking to appoint an Anti Money Laundering Analyst on a fixed term contract basis to be based in London.

Main responsibilities within the Anti Money Laundering Analyst position include:

  • Carrying out the on-going client review as per client on-boarding policy and procedures
  • Carry out preliminary checks (type of activity, identification of the desk entertaining a relationship with the client, existing documentary evidence)
  • Collating the documentary evidence which is publically available
  • Contacting the client or broker and request the outstanding information
  • Ensuring the UBO has been clearly identified and where appropriate the UBO exemption recorded adequately with the documentary evidence
  • Ensuring the client risk is adequately recorded and where necessary with the appropriate approvals and rationale for downgrading a client risk
  • Comply with the Enhanced due diligence policy and procedures and seek final approval of Senior Management for high risk clients
  • Updating the client static data, including legal representatives and UBO’s
  • Monitor, analyse, investigate, resolve and escalate where appropriate  the sanctions’ screening alerts
  • Escalate as appropriate any discrepancies back to the first line of defence team or MLRO
  • Communicate with head of desks / brokers in relation to off-boarding clients where necessary
  • Submitting the completed clients to the second line client on-boarding team
  • Maintaining and updating the client review log
  • Providing MI on the status of the client reviews
  • To act as an advisory and control function for the purpose of complying with regulatory and internal requirements to combat AML / CFT
  • To work within and assist in the development of the second Line of Defence Client On-boarding Function within the Compliance Department.
  • To work in collaboration with First Line of Defence Client on-boarding Team and any other relevant stakeholders
  • Review and provide the second approval status of new clients submitted by the first line of defence client on-boarding team
  • Communicate with any appropriate and relevant stakeholders
  • Maintenance of data quality checks on client database
  • Maintenance of the daily, monthly exception reports and act accordingly
  • Maintaining and updating the client database (both on excel and cdc)
  • Carry out other administrative tasks as and when required
  • General Compliance Administration duties

Key skills, experience and competencies required to be successful in this role:

  • Good Knowledge of Client On-boarding process
  • Good knowledge of related processes such as the Know Your Customer (KYC) and the Anti-Money Laundering Regulations.
  • Understanding of client regulatory & Tax classification – Mifid, FATCA, CRS 
  • Understanding of the EU / US / UK Sanctions regime
  • Understanding of the Anti-Bribery requirements
  • FCA knowledge – client classifications, conduct of business rules, training and competence, Approved Persons and FCA processes.
  • Basic knowledge of the firms’ products including cash equities and securities, equity and commodity derivatives and money markets
  • Experience of dealing with formal documentation
  • Experience of international wholesale markets
  • Knowledge of the UK anti money laundering rules and regulations
  • Basic knowledge of tax requirements related to the identification and classification of clients under FATCA and Common Reporting Standards (CRS)
  • Appreciation of Compliance Risk
Job ID  AML
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