The Role
Temporary AML Sanctions (Financial Crime) & Operations Clerk: Ongoing temp - City of London based global Bank
Martis Search is representing a global Bank, to hire an ongoing temporary “Sanctions Clerk” (Financial Crime) role.
The company is based in The City of London and the bank has global locations.
Our client is look for someone with a minimum of 1-years’ experience ideally gained in a “Sanctions” related Financial Crime Compliance role from a reputable Bank (that trades with global Institutional clients such as global corporates, Banks, Hedge Funds, Asset Managers, Fund-of-Funds etc).
The role is also hybrid (within a 4-week period, 8 days employees are allowed to work from home, so you will be able to work-from, as well as in the office. It is a friendly bank to work for and a safe a secure environment.
There is also a requirement to get into some Operations type responsibilities such as Corporate Actions, Dividends etc; so a really great opportunity to learn and gain in knowledge and exposure.
JOB PURPOSE
In a first line of defence capacity, the main purpose of the role is to support the Financial Crime Team within the Compliance Department with ensuring that the Branch complies with its AML and Fraud Prevention regulatory obligations by ensuring that sanctions alerts and fraud alerts are reviewed in accordance with regulatory requirements and the Branch’s AML/Financial Crime processes and policies.
KEY RESPONSIBILITIES
* To evaluate alerts for potential sanctions matches and to release those messages that are considered to be false positives or to block them if they are in contravention of sanctions regulations, raising the possible true hit with the MLRO or DMLRO.
* To evaluate alerts of potential fraud and to release those transactions that are false positives or to raise further enquiries following the branch’s internal financial crime policies
* To ensure that payments/trades are reviewed in a timely manner and that the daily payment/trade deadlines are met.
* To monitor the GT Sanctions system to ensure that the sanctions lists are being updated on a regular basis in line with branch policies.
* To review daily payments made by the Global Asset Services Unit for the potential of money laundering as per policy
* To undertake fraud prevention review on suspense accounts within the Global Asset Services Unit.
* Report to the Money Laundering Reporting Officer and/or other senior members of the Compliance team where messages may be in contravention of all types of financial crime.
* Daily saving of messages released in the GT Sanctions system.
* To monitor for any sanction related announcements from global-sub custodians/other industry representatives and circulate this information to stakeholders within the bank.
* Maintenance of market specific static data (e.g. currencies, countries and place of settlement) within GAS(UK) systems and liaison with Compliance Dept to approve any updates.
* To undertake other tasks requested by the Head of Operations & Custodian Management in connection with the fight against all forms of financial crime.
* To assist all Heads of Department within the Operations & Custodian Management group with any tasks/projects as appropriate.
QUALIFICATIONS AND EXPERIENCE
* At least 1 years’ experience working for a financial services firm.
* Some knowledge of Anti Money Laundering and Sanctions regulations, desired but not essential.
* Ideally 6 months experience of releasing payments/ trades subject to potential sanctions hits.
* Well organized and able to prioritise the workload to ensure deadlines are achieved.
* Takes pride in their work and understands the importance of taking care to ensure work is produced to a high standard.
* Extemporary attitude i.e., eager to learn, works well within a team, inquisitive and self-motivated.
SUPERVISION AND REPORTING LINES
The Clerk will report to the Head of Operations & Custodian Management.
HOURS
9am to 6pm with additional hours if required e.g. due to high volumes.
Salary
£20 per hour - £22 per hour including statutory holiday pay.