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Financial Crime Quality Assurance Officer (contract)

Randstad Financial & Professional London, United Kingdom
Posted 3 days 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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