Financial Crime Officer
Your role :
Are you keen to play a key role in protecting the financial system from money laundering and other financial crimes?
We are looking for someone who can help us with:
• Enhanced due diligence at client on-boarding stage – 30% Conducting enhanced due diligence on high risk client on-boarding requests, including identification and assessment of any financial crime risks, reputational risks and the plausibility of source of wealth. Liaising confidently with the front office staff, KYC teams and colleagues in business lines to coordinate the assessment and provide a final decision.
• Conducting thematic reviews and controls – 20% - Reviewing the way financial crime policies and procedures are executed at various stages in the client life-cycle to ensure adherence to applicable KYC and Financial Crime due diligence standards. Reporting any findings and following them through to resolution.
• Framework projects – 30% working both within the financial crime team and the business to deliver on strategic projects and commitments eg enterprise wide risk assessment, client risk rating methodology, tax related projects, model validation, process enhancements audit issues.
• Investigation and reporting – 20% - Receiving and reviewing escalations of financial crime red flags, carrying out AML investigations, collating suspicious activity reports and communicating to UK law enforcement authorities.
Your team :
You will be working as part of the Financial Crime Compliance team in London, providing oversight to UBS's UK Wealth Management business segment. The Financial Crime team is responsible for devising and implementing the anti-financial crime programme of UBS AG in London and works closely with colleagues within the financial crime function globally. The team provides the wider business with guidance on anti-financial crime policies and procedure to ensure financial crime risks at client on-boarding and during the lifecycle of the relationship are identified, assessed, mitigated and, when necessary, reported to UK law enforcement.
Your experience and skills :
• Knowledge of the key principles of the UK Anti-Money Laundering Regulations, the Criminal Finances Act and other applicable legislation (eg Bribery Act, Proceeds of Crime Act, Terrorism Act) and familiarity with FATF Recommendations
• Previous experience in a due diligence role within the AML or Financial Crime function of an international financial institution reviewing business prospects from emerging markets and sensitive industries, PEPs and adverse information of a financial crime nature.
• Ability to deliver to tight deadlines, to independently identify and assess financial crime 'red flags' and confidently communicate final decisions to front office staff and the UK law enforcement authorities.
• Good working knowledge and experience of KYC and due diligence processes, including willingness to learn UBS policies and procedures and promote to the wider business.
• General knowledge of the main products and services provided by a wealth management institution.
• Experience in gap analysis and process improvement, especially related to audit work, to upgrade existing audit processes and procedures.
• Detail oriented with an understanding of audit controls and ability to multi-task alongside day to day responsibilities
• A good communicator (preferably multi-lingual) with the ability to formulate and articulate clear guidance to internal stakeholders with respect to financial crime issues in both written format and oral presentation.
• Interested in international affairs and politics, including understanding the bribery, corruption and sanctions risks particular to different countries and industries.
• Flexibility to work longer hours when needed to deal with peak volumes and urgent priorities
• A technically savvy team player with good PC skills including use of software such as MS Office, Power Point, Excel would be helpful.