AML ANALYST

Job Description

We currently have a mixture of permanent and fixed term contract positions available within the Customer Services AML Team.

Reporting to the AML Manager, the role primarily supports the Company’s AML/CFT defence by undertaking client screening, AML risk assessments and transaction monitoring. Additionally, the role holder will undertake AML assurance checking and be a point of reference for practical interpretation of AML policies and procedures across the business.

The main duties for the role holder will include:
• Support the Company’s AML/CTF defence by undertaking screening and risk assessments of the client base to identify any links to PEPs, sanctions, adverse media and financial crime.
• Be a point of reference for practical interpretation of AML policies and procedures across the business.
• Work closely with the AML Manager and wider AML team to ensure our AML/CTF obligations are met and will build strong relationships with our Regions and local business areas where required.
• Maintain PEP and Higher Risk registers to include preparation of periodic updates and reconciliations.
• Investigate results of manual and automated transaction monitoring to ensure SARs are raised accordingly.
• Monthly quality assurance checks on agreed processes in respect of compliance with our company AML/CFT internal procedures.
• Investigate external fraud incidents and recommend control enhancements where weaknesses have been identified

To ensure that this role is carried out to the desired level, the successful candidates will need to demonstrate the following skills and experience:
• An understanding of the Isle of Man’s regulatory AML framework
• Experience of using screening software such as World-Check, Dow Jones or Moody’s Grid
• Previous employment history within the financial crime function of a regulated financial services company
• Ideally holds an ICA AML qualification and educated to A Level standard.
• Must be able to demonstrate practical experience of working on AML remediation projects such as risk rating and obtaining EDD.