Anti-Money Laundering Officer

Full Job Description

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’s goal is to provide superior client services. It believes its business success is a direct reflection of its employees and recruits. As such, teamwork, creativity, reliability and integrity are components of a work ethic taken very seriously since the company was founded in 1959.

Tradition is currently seeking to appoint an Anti-Money Laundering Analyst to be based within the London office.

Main responsibilities within the Anti-Money Laundering Analyst position include:

• 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
• Escalate as appropriate any discrepancies back to the first line of defence team or MLRO
• Comply with the Enhanced due diligence policy and procedures and seek final approval of Senior Management for high risk clients
• Monitor, analyse, investigate, resolve and escalate where appropriate the sanctions’ screening alerts
• Carry out the on-going client review as per client on-boarding policy
• Maintenance of data quality checks on client database
• Maintenance of the daily, monthly exception reports and act accordingly
• Maintain and update the client database (both on excel and CDC)
• Involvement in Compliance projects as required
• Fulfil its duty as the outsourced function for client on-boarding for other business entities as per the formal outsourcing arrangements, including but not limited to Madrid & Dubai
• Staff inductions, education and training
• Set up of tapes for trade queries
• General Compliance Administration duties
• Assisting HR with the process of SMCR where the Compliance Department is required
• NFA registration
• Some overseas travel may be required

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

• Sound Knowledge of Client On-boarding process
• Sound 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
• Exposure to Give up agreements
• Basic FCA knowledge – client classifications, conduct of business rules, training and competence, Approved Persons and FCA processes.
• Knowledge of the firms’ products including cash equities and securities, equity and commodity derivatives and money markets
• Knowledge of cash and derivatives exchange rules e.g. Euronext, Eurex, LSE
• Experience of dealing with formal documentation
• Experience of international wholesale markets
• Knowledge of tax requirements related to the identification and classification of clients under FATCA and Common Reporting Standards (CRS)
• Appreciation of Compliance Risk
• Very good PC skills and knowledge, in particular Excel and Word
• Good literacy and numeracy skills
• Good communications skills both verbal and written
• Willingness to learn new skills and take on challenges
• Ability to work in a team or autonomously on specific projects

Tradition do not accept agency CV’s. Please do not forward CV’s to our employees or Talent team. Tradition are not accountable for any fees related to unsolicited resumes. The Talent team will reach out to trusted agents when required.

Please note, due to the large volume of applications for this position, only suitable candidates will be contacted. If you have not heard from us within 14 days, unfortunately, your application has been unsuccessful.

Tradition welcome all suitable applications and are an equal opportunity employer who value diversity. All employment is decided on the basis of qualifications and merit.

By applying for this role, you agree that we may retain your details on our system for a period of 6 months and may contact you for any future vacancies that may arise within the Tradition Group.