Job Description
About Us:
Argentex is a global payment and currency risk management specialist. We offer bespoke services alongside market-leading technology for businesses and financial institutions. Argentex is listed on the London Stock Exchange, with offices in the UK, the Netherlands, Australia, and Dubai.
The Role:
We are seeking a highly collaborative and diligent AML/KYC Monitoring Analyst to join our Financial Crime Team, responsible for safeguarding our business by conducting ongoing monitoring of financial transactions and customer activities.
Salary: £60,000 - £80,000 per annum (dependent on experience).
Key Responsibilities:
* Payment Screening:
* Conduct real-time and batch screening of payment transactions against relevant sanctions, PEPs, and adverse media lists. Make recommendations on actions to be undertaken, including enhanced due diligence checks.
* Analyse transactions in line with KYC collected at onboarding and escalate potential suspicious activity to the Financial Crime Manager and/or MLRO.
* Maintain and update screening filters and thresholds to ensure optimal effectiveness.
* Transaction Monitoring:
* Monitor customer transactions for unusual patterns or behaviours that may indicate money laundering or terrorist financing.
* Analyse transaction flows and identify potential red flags.
* Generate and review transaction monitoring alerts, escalating significant findings to the Financial Crime Manager and/or MLRO.
* Complete internal Suspicious Activity Reports (SARs) when potential risk has been identified.
* Support the development of the firm's transaction monitoring capabilities, including reviewing rule settings.
* Customer Due Diligence (CDD):
* Assist in conducting periodic and event-driven reviews of existing customer relationships to ensure ongoing compliance with KYC requirements.
* Liaise with front office (Sales/Dealing Teams) to obtain sufficient documentation and analyse documentation.
* Update customer records and risk assessments as needed.
* Perform the suspension or closure of client accounts.
* Conduct Enhanced Due Diligence (EDD) where required.
* Systems and Controls Testing:
* Conduct regular testing of AML/KYC systems and controls to ensure their effectiveness.
* Identify and report system vulnerabilities and process breakdowns.
* Participate in system implementation projects and provide input on AML/KYC requirements.
* Review and update system controls to mitigate risks.
* Process and Procedure Updates:
* Maintain and update team procedures where applicable to promote operational efficiency.
* Ensure processes and procedures align with industry best practice and compliance with AML/CFT regulations.
* Keep up-to-date with regulatory changes, making recommendations for process improvement to the Financial Crime Manager, including amendments to transaction monitoring rules.
* Stakeholder Management:
* Ability to manage expectations of various stakeholders with differing priorities, upholding compliance standards while promoting positive client experiences.
* Confidence in communicating with various areas of the business, including senior stakeholders.