Anti-Money Laundering Officer

Cardiff (Caerdydd)
Salary is £20k and up to £3.5k annual bonus.
07 Oct 2016
19 Oct 2016
Contract Type
Anti-Money Laundering Officer ST5198 Cardiff Salary is £20k and up to £3.5k annual bonus. Full-Time - Mon-Fri, 9-5pm. The Role: To ensure all Compliance matters in respect of Anti-Money Laundering controls and reporting are maintained in a manner consistent with legislation and which is reflected in Company Policy and Procedures. Responsibilities: • Ensure that customers and key suppliers are provided with a professional, efficient, enthusiastic and knowledgeable service, ensuring that all queries are dealt with in a prompt and timely manner. •Identify and investigate all Suspicious Activity, reporting and documenting to NCA and escalating to the Financial Crime Manager where appropriate, in compliance with regulations and company procedures. •To investigate and conduct enhanced due diligence on all customers matching against Financial Sanctions and Politically Exposed Persons lists, ensuring conclusions are conveyed to Dealer Operations in a timely manner. •Undertake search requests by authorised 3rd parties (e.g. police, Dept. of Work & Pensions, NCA) on company databases in relation to suspicious activity. •To investigate Sanctions Listed proposed customers and Politically Exposed Persons, liaising with the Underwriting team in a timely manner. •To review suspicious activity reports from the business and conduct a full review of the evidence provided, reporting suspicious activity to the NCA as required. •Conduct regular audits of Know your Customer “KYC” data and report the results to the Financial Crime Manager. •To provide training, support and guidance on Anti Money Laundering matters to relevant parties within the company, ensuring individual awareness and understanding of AML procedures, supported with process flows where necessary. •To maintain all Critical Spreadsheets and Databases used by the Financial Crime team, ensuring that all records and subsequent information produced, are held in an accurate manner. •Undertake requests for personal data by authorised third parties such as the Police, NCA, and the Department of Work & Pensions, on company databases in relation to anti-money laundering criminal activity. •Ensure all systems based records and all documentation is comprehensively updated and maintained in an accurate and timely manner as prescribed by regulatory, legislative requirements and company procedures. •Maintain an up-to-date knowledge of regulatory and legislative information related to the company’s products and services (e.g. ICOB, FCA rules, Credit Consumer Act, Data Protection Act, Proceeds of Criminal Act, Money Laundering, etc.), as advised by line management. •Maintain good knowledge and understanding of all relevant Company and departmental policies and procedures relevant to the role, being compliant with these policies and procedures at all times. •Ensure that fair customer outcomes are fundamental to how you approach your day-to-day responsibilities, ensuring you always act in the customer’s best interest. •Continue to develop self and role by studying relevant training materials and product information and continually develop and improve product knowledge. •Work as part of a team – supporting, motivating and assisting colleagues in the operation of the department and throughout the business. •Encouraged to make recommendations to improve the efficiency and effectiveness of the department. •Undertake any other reasonable tasks as requested by line management. This job was originally posted as