Anti-Money Laundering Analyst

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Job description

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