Operations - Transactional Due Diligence Analyst FTC

Job Title:Transactional Due Diligence Analyst
Location:London U.K.
Department:Operations
Employment Type:12 Months Fixed Term Contract
Work Pattern: FullTime

Overview:

To support the Head of Financial Crime Operations Europe with daytoday first line of defence compliancerelated activities and ensuring that tasks are performed in line with internal policies standards and procedures and in accordance with external applicable laws rules and regulations.

What You Will Be Doing:

Analysis of financial crime risks including checks on money laundering terrorist financing and sanctions relating to all:

• Export LCs (Libyan and nonLibyan) advised by ABCIB London and Paris and
• Outward Documentary Collections (Libyan and nonLibyan) advised by ABCIB London and Paris and
• Amendments and Assignments of Proceeds received thereof advised by ABCIB London and Paris.
  
  
• Conducting research and making an informed decision on transaction being reviewed.
  
• Completing the relevant checklist to evidence all financial crime activity checks related to the transaction being reviewed.
• Assisting the Front Office and Operations with the research and preparation of transactional enhanced due diligence (TEDD) and sanctions applications. (Overall accountability remains with the relevant relationship managers.)
• Liaison between the Front Office and Compliance Department for the submission of TEDD and to obtain relevant approvals (if necessary).
• Assisting Reimbursement Team to perform dualuse goods checks; and searches World Check One screening on applicant and beneficiaries of reimbursements as required.
• Assisting Forfaiting & Receivables Team to perform dualuse goods and price checks on Trade Loans transactions as required.
• Testing of appropriate systems for Business Due Diligence use for example SharePoint.
• Contributing to departmental procedures reviews and updates
• Reviewing of periodic Control reports in respects of TDD activities and ensuring that any exceptions are investigated and resolved as appropriate
• Monthly Quality Assurance testing on LC transaction samples
  
• Escalation of material financial crime concerns and compliance related matters identified in a transaction to the Financial Crime Compliance Team for further review and approval
• Escalation of Reputational Risk concerns identified in a transaction to the Reputational Risk Committee for their review and approval
  
• Submission of Internal Suspicious Activity Report (ISAR) to the MLRO/Financial Crime Team as necessary
  
• Assisting with the production of departmental MIs as required
  
• Other FC Ops related activities as required to support the Front Office Operations and the Financial Crime Compliance team.
  

Candidate Specification:

• Practical knowledge of AML KYC and Sanctions screening within banking or financial services
• Knowledge of Microsoft SharePoint Orbis WorldCheck One Dow Jones Factiva would be useful but not mandatory
• Methodical Adaptable Flexible Handson Focused Attention to details and Proactive
• Strong analytical skills
• Ability to remain calm under pressure
• A good teamplayer
• Ability to work within time constraints
• Able to make decisions using own initiative
• Good communication skills
• Good problem solving skills
• Languages: Chinese Arabic Russian or Ukrainian would be useful but not mandatory

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law.

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