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Financial Crime Quality Assurance Officer (contract)

Randstad Financial & Professional London, United Kingdom
Posted 16 hours ago Hybrid Job Contract Negotiable

Financial Crime Quality Assurance Officer (contract)

The role will be to perform periodic testing and quality assurance (QA) reviews on the Anti-Money Laundering (AML), Sanctions, Counter Terrorism Financing (CTF) and Anti-Bribery and Corruption (ABC) specialisms within the Financial Crime Team (FCT).

This role will require competence across the following areas:

  • Demonstrate excellent subject matter expertise of all elements of a risk based financial crime risk management framework of a global investment bank including Enhanced Due Diligence (EDD), Transaction Monitoring (TM), Sanctions Transaction and Name Screening, Enterprise-Wide Risk Assessments including evaluating controls across first and second lines of defence and all elements of an ABC risk control framework.
  • Identify key risk areas and concerns within the FCT controls environment, and the ability to report these risks to senior management within the team.
  • Demonstrate an understanding of the London Branch's business requirements and ensuring the FCT functions are per-forming to the relevant regulatory requirements.
  • Thorough understanding of the Three Lines of Defence and Controls Framework.
  • Be a key member of the second line of defence with regards to financial crime prevention and provide support to management.

Key activities and key competencies

  • Have a good understanding of UK regulatory and legislative compliance risk pillar.
  • Perform Quality Assurance testing in line with the requirements of applicable procedures. Conduct thorough testing and reviews of controls and activities, via the quality assurance function, and make risk-based determinations on whether the underlying activities subject to the review is consistent with relevant policies and provide written justification for QA conclusion.
  • Ensure that QA results and findings are properly documented and escalated and that related remedial ac-tions are monitored and adequately implemented.
  • Analyse changes in Compliance procedures, adjusting the assurance testing accordingly.
  • Conduct ad-hoc investigations / projects / assignments, upon request.
  • Participate in team meetings with senior stakeholders.
  • Assist in departmental projects as required and any other tasks assigned by the respective line manager.

Key Requirements (Work Experience/Formal Education)

  • Experience with compliance risk pillars / investigations into risk/control functions
  • Experience in Financial Crime compliance, Three Lines of Defence experience with a strong focus on AML considera-tions
  • Strong analytical thinking and critical reasoning skills
  • Strong written and verbal communications skills
  • Ability to recognize and escalate risks and issues appropriately.
  • Self-motivation and the ability to work independently.
  • Collaborative and effective team player skills
  • Ability to handle confidential information with appropriate discretion.
  • Meticulous attention to detail
  • Knowledge of UK, EU, and German regulation
  • German and / or other European language skills advantageous

Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003

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Job ID  PR-1549132
ABOUT COMPANY
London, United Kingdom
1651 Employees HR & Recruitment
Randstad is a global talent leader with the vision to be the world’s most equitable and specialised talent company. As a partner for talent and throug...
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