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Compliance & Financial Crime Officer

Ref: SDU75
Job Type:Permanent
Salary: Negotiable
Location: Not Specified
Closing Date:


Job Description


We are looking for a Compliance and Financial Crime Officer to join our fast growing organisation.

This role reports directly into the Head of Financial Crime & Compliance and will assist in ensuring that the company and the programmes it operates are compliant with relevant legislation.

You will be a professional individual with good communication and problem solving skills when dealing with both internal departments and external parties. You will be able to demonstrate a good understanding of compliance regulation including, but not limited to – the UK set of regulations covering Money Laundering & Terrorist Financing; the Financial Conduct Authority’s rulebook applicable to an E-Money Institution; the Data Protection Act, JMLSG guidance, the E-Money and Payments Regulations.

The successful applicant will have a solution based approach to Compliance matters, and a proactive and enthusiastic attitude when dealing with clients.

2.2 Key Responsibilities

• To adopt a Risk Based Approach (RBA) to anti-money laundering and financial crime risk;

• To conduct Customer Due Diligence (CDD) on new programme manager relationships; and to evaluate new product propositions to ensure compliance with relevant legislation;

• To have oversight of outsourced key responsibilities to ensure compliance with relevant legislation and WDCS policy;

• To review and evaluate promotional material to ensure compliance with the applicable financial promotions guidance;

• To assist with monitoring of outsourced programmes. This will involve both desk based reviews and on site compliance reviews of programme managers and third parties firms who operate products under WDCS regulatory permissions;

• Respond to Suspicious Activity Reports (SARs) and undertake financial crime investigations and reporting;

• Review relationships with Politically Exposed Persons (PEPs) and high risk clients to ensure compliance with WDCS policy and regulatory standards;

• Respond to formal requests for information from regulatory bodies and law enforcement agencies within specific deadlines;

• Review legal and regulatory requirements and liaise with various external bodies and regulators (e.g. the National Crime Agency, the FCA, police forces and industry bodies;

• Assist in the delivery of financial crime training to specific areas of the business and external partners as and when required;

• Represent the department on projects as required;

• Liaise with business units, providing guidance on the interpretation of legislation and WDCS policy and procedures;


• Respond to general financial crime and data protection queries in an orderly and timely manner ensuring that guidance is appropriate and in accordance with the regulations and WDCS policy

• Undertake any other reasonable duty as requested


2.3 Essential Skills/Experience

• 3 years minimum experience of AML, fraud and compliance within a regulated financial services environment, ideally within the banking sector;

• Understanding of the suite of regulations in the UK covering anti-money laundering, fraud, and terrorist financing

• Excellent Customer-focussed communication skills both written and verbal;

• Ability to work within a rapidly changing environment;

• Well organized with the ability to work to tight timescales and demonstrate attention to detail;

• Able to use initiative and be creative in making risk based decisions that support the development of the business without exposing the business