• 18 July 2008
• Reference: JR203003

• AML Compliance Consultant

• City of London Competitive Permanent

The purpose of this position is to provide support within the London Anti-Financial Crime (AFC) unit which has a primary focus in the UK but with "centre of excellence" objectives for promulgating the adoption of risk-based standards throughout international business locations. The unit's key objectives are to:

Evaluate, report and advise on the effectiveness of the defences and controls created and maintained by business unit management to protect against the risk of products and activities being used for money laundering or being the subject of fraudulent activity;
Facilitate the requirements of the Market Abuse Directive, including monitoring potential market abuse and providing appropriate staff training and reporting capabilities for suspicious transactions;
Liaise closely with business unit and compliance managers internationally and global compliance managers centrally to ensure consistency and coordination of applicable AML, fraud and market abuse programmes;
Respond to all local incidents and threats arising from attempted, potential and actual financial crime and supporting the Compliance Officer and Money Laundering Reporting Officer in the investigation of and actions arising from Suspicious Activity and Suspicious Transaction Reports.

Responsibilities

The main responsibilities of the Compliance Administrator are to:

Support the ongoing monitoring of business unit activities to evaluate and report on compliance with applicable regulations, policies and procedures;
Support the MLRO's objectives in delivering Key Performance Indicators, Management Information and Reporting to the relevant UK and corporate boards and governance committees;
Support the MLRO in monitoring the effectiveness of anti-financial crime training;
Maintain the Anti-Financial Crime Unit's inbox and ensure all queries are dealt with in a timely manner;
Maintain the UK's 'Workbench' for checking matches to politically exposed person and persons subject to government sanctions;
Ensure that alerts produced by the UK's automated transaction monitoring tool are investigated and responded to promptly;
Provide any other support to the MLRO and members of the AFCU as required.

Competencies/Qualifications

Good written and oral communications
Organizational and analytical skills
Familiarity with the requirements of the UK Money Laundering Regulations; Proceeds of Crime Act; FSA Financial Crime objectives, JMLSG Guidance; HM Treasury Sanctions programme; EU Money Laundering Directives, Market Abuse Directive and Sanctions programme would be an advantage

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