Responsibilities

• To provide sound Level 1 and Level 2 (Level 2 - reviewing role) support for both the Fircosoft the payment screening system and FICO the transaction monitoring system. The timely review of all alerts ensuring a clear and concise rationale included to support the decision to either close the case or escalate to Compliance.
• The proactive mitigation of any identified red flags by use of trade and financial sanctions screening, open source searches, adverse media screening and RFI's. Completion of an internal SAR for escalation to Compliance for generated potential ''hits''.
• Using the regular MI produced, actively review alerts generated by Fircosoft on a quarterly basis, specifically the regular 'false positives', ''true alerts' and work with Compliance to fine tune the existing rules and Delegated Authorities closure of cases process.
• Using the regular MI produced,actively review alerts generated by the FICO scenarios on a quarterly basis and work with Compliance to fine tune the alerts generated with reference to the thresholds used, criteria and frequency of each of the scenarios.
• Proactive daily management of the sanctions list download activity to the payment screening application, to ensure the system downloads the correct files.
• Ensure all applicable processes and procedures are adhered to and updated as and when required and provide cross training to Financial Crime team members and other Operations staff on any updated/new procedures.
• Complete all training provided by Compliance, Risk and IT and other departments as necessary in a timely manner.  Read and understand the Risk Management & Compliance framework (and the policies referenced therein) and the UK Staff Handbook;  Identify, report and escalate material risk events, including conduct risk events and conflicts of interest, or losses to the Head of Department;

Experience:

• Experience of working at similar levels and with automated Financial Crime monitoring solutions and investigating system generated alerts.
• Proven ability to review and make judgements on the first level investigation or alerts in line with Financial Crime Risk and provision of support and guidance to other members of the team.
• Relevant product knowledge (correspondent banking and trade finance) is required.
• A good knowledge and up-to-date understanding of the UK regulatory requirements relating to Financial Crime.
• Good working knowledge of the Fourth and Fifth Money Laundering Directive, Money Laundering Regulations 2019 and the Wire Transfer Regulations.
• Ability to produce relevant and quality metrics/MI dataset to support weekly and monthly evaluations