Financial Crime Analyst

Job Description

NOTE: This role is not open to Relocation or Sponsorship. Isle of Man residents are eligible to apply.

To conduct surveillance, analyse and investigate customers with respect to potential terrorist financing and money laundering related to bribery, corruption, another predicate offences or other suspicious activity, based on System and Manual Alerts. This is essential in order to contribute to the assurance that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation.

Qualifications

Minimum Qualification: 

• National Certificate in Internal Audit

Experience Required :

• 3 - 4 years experience in Compliance
• Experience in bank processes, products and systems. Experience in dealing with different stakeholders at different levels both internal and external.
• Experience in the realm of Anti-Fraud, -Bribery, -Market Abuse, -Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.

Key Outputs :

• Analyse alerts (System, Manual, Regulatory, Remittance Platform & Excon Alerts) to identify suspicious activities relating to money laundering & terrorist financing. Assess the independent risk profiles of clients as a second line-of-defence, in relation to consequential risks. Conduct in-depth research & perform data analytics to identify patterns & trends consistent with money laundering, terror financing, and other types of suspicious activity. Escalate trends & typologies to line management.
• Analyse all information related to alerts and/or instructions received, via any method or form, in order to detect possible money laundering; terrorist financing; sanctions breaches, exchange control contraventions and any other legislative breaches.
• Analyse all matters relating to high-risk customers containing adverse information, complex and significant issues to line management for immediate action in order to avoid operational losses, fines, penalties or reputational damage to the organisation.
• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
• Collaborate with the Financial Intelligence Centre to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIC

Additional Information

Behavioural Competencies:

• Developing Expertise
• Following Procedures
• Articulating Information
• Interpreting Data
• Interacting with People
• Managing Tasks

Technical Competencies:

• Compliance
• Financial Industry Regulatory Framework
• Fraud Detection and Management
• Legal Compliance
• Promote Good Governance, Risk & Control
• Risk Management

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