Job Description
At Travelex, we are seeking an experienced AML Compliance Risk Specialist to join our team. As a key member of our compliance department, you will play a critical role in ensuring the company's adherence to anti-money laundering legislation and regulatory requirements.
Key Responsibilities:
* Review and update internal AML documents, policies, and procedures to ensure alignment with regulatory updates and new business requirements.
* Stay up-to-date with regulatory changes and make recommendations for process improvements.
* Ensure adequate AML checks are completed for all transactions using available tools and systems.
* Analyse Transaction Monitoring alerts to identify instances and sources of attempted financial crime.
* Manage compliance alerts and cases within Service Level Agreements (SLAs) and timeframes required.
* Monitor the compliance of business operations with AML regulations.
* Identify, review, and escalate potential Politically Exposed Persons (PEPs) and Sanctions matches.
* Investigate and respond to Law Enforcement and third-party requests in compliance with Data Privacy laws.
* Produce meaningful Management Information reports for the Money Laundering Reporting Officer (MLRO) and senior management.
* Support junior analysts in analysing data and identifying sources of attempted money laundering.
* Provide analysis and recommendations regarding high-value and higher-risk customers.
Essential Skills and Qualifications:
* AML experience and/or knowledge applicable to financial services.
* Understanding of financial crime risk management processes and procedures.
* Able to present solutions and influence final decisions.
* Ability to approach problems in a thorough and logical manner.
* Previous experience of Accreditation, Sanction screening, Transaction Monitoring, and Suspicious Activity Reporting.
* Case management, resolution, and communication.
* Ability to translate research and analysis into well-reasoned recommendations.
* Excellent communication and analytical skills.
* Intermediate to Advanced Excel skills.
* A committed team player.
Desirable Skills and Qualifications:
* AML qualification such as ICA certification or similar.
* Previous experience in policy writing.
* Previous experience in process/procedure writing.
* Risk Management experience.
What We Offer:
We offer a competitive salary of £50,000 - £65,000 per annum, depending on experience, plus a range of benefits including professional development opportunities, flexible working arrangements, and a generous pension scheme.