Financial Crime Compliance Project Analyst

Full Job Description

This role is based in the 2LoD Financial Crime Compliance team initially worlking on a project. The role holder will have a good understanding of the Transaction Monitoring tool used by the Bank. To review the effectiveness of the rules within the transactions monitoring system (Actimize). To advise and assist the 1LoD teams on system tuning, the design of rules, and is to have strong knowledge in data and related control required for transaction monitoring. The design of rules is based around the AML risks posed to the Bank.

The role holder must be experienced working in a project and or audit environment.

To undertake reviews of current rules, thresholds and impact of the rules and their applicability and effectiveness to the identify suspicious transactions. The role supports the 2LoD investigations with an understanding of money laundering and the related financial crime risks.

To assist in core governance activities relating to transaction monitoring which develops and maintains SMBC BI’s financial crime control framework.

To assist in identifying where the products and services offered by SMBC BI are or may be used for criminal activities.

Ensuring senior management are sufficiently informed and in possession of accurate information by collating MI and drafting reports in preparation for internal committees up to board level.

As a regulated entity the Bank has both a regulatory and statutory obligation to ensure it implements systems and controls necessary to mitigate the risks of the firm being used in connection with money laundering and / or the financing of terrorism or fraud.

The role sits within the Bank’s 2nd line of defence and as such is responsible for supporting both Front Office and Back Office departments by conducting detailed reviews of financial crime matters escalated to CPD – FCC.

Working in partnership with 1st line teams so as to ensure that the Bank can undertake business whilst sufficiently mitigating any underlying financial crime risks.

• Experience working in project and audit environment
• Strong experience in system tuning, designing transaction rules and key system processes. Knowledge specific in Actimize SAM (TM system) is advantages
• Strong knowledge in data and related controls required under Transaction Monitoring system, including product types, transaction type, KYC data and related quality and completeness requirements
• Good appreciation in controls, risk management and audit
• Good experience in documenting detail in business language and structured format
• Understanding and practical ability to apply the management of financial crime into rules.
• Inquisitive, motivated, and highly trustworthy with an ability to work with the minimum of direct supervision, experienced in dealing with highly confidential material.
• Ability to independently understand multiple strands of data and documentation.
• Ability to acknowledge that there is often a need to be a member of more than one team.
• Strong written and verbal communicator, able to articulate and prepare detailed rationale.
• Good understanding of the products and services offered by SMBC BI.
• Strong understanding AML Transaction Monitoring Systems.
• Knowledge of Proceeds of Crime Act 2002, and relevant fraud legislation
• Knowledge of the wider financial crime landscape – UK and global.
• Well organised with excellent ability to prioritise conflicting work whilst retaining an excellent attention to detail.