Our client are seeking an Assistant Manager to join their Screening team.
They are seeking a highly skilled and motivated Transaction Monitoring & Sanctions Screening Assistant Manager to join their team. The successful candidate will play a crucial role in ensuring compliance with financial crime regulations, implementing effective monitoring strategies, and leading a team to achieve high standards in transaction monitoring and sanctions screening.
Key Accountabilities
- Utilise compliance software and tools to automate and streamline transaction monitoring and screening tasks.
- Perform due diligence on customers, business partners, and transactions to ensure no involvement in sanctioned activities.
- Develop and implement internal procedures to ensure strict adherence to financial and economic screening obligations.
- Monitor and investigate legal and regulatory updates, news publications, and new sanctions enforcement.
- Regularly review and analyse government-issued sanctions lists to identify individuals, entities, or countries subject to sanctions.
- Implement strategies to mitigate risks related to financial and economic crimes, including enhancing due diligence processes.
- Design, implement, and deliver meaningful monthly MI reporting related to transaction monitoring and sanctions screening activities to relevant stakeholders.
- Prepare and submit reports on suspicious activities or sanctions violations to internal stakeholders.
- Oversee and grow the team, establishing and maintaining positive working relationships with all relevant stakeholders.
- Assist with the implementation and management of the anti-financial crime strategy across the business, covering anti-money laundering, terrorist financing, bribery and corruption, and economic sanctions.
Requirements
Essential Qualifications
- Degree level qualified and/or holds an appropriate professional qualification (ideally ICA / CISA).
Knowledge
- In-depth knowledge of transaction monitoring and sanctions monitoring tools and regulatory frameworks (UK, EU, US).
- Working knowledge of relevant Jersey/Guernsey/UK financial crime regulations and industry best practices.
- Experience with financial crime industry software solutions.
- Knowledge of financial and economic crime monitoring, typologies, tools, industry trends, and atypical behaviour.
- Experience with complex corporate structures, including SPVs and PEPs.
Desirable Experience
- Demonstrable financial crime experience in a financial services environment.
- Proven achievement in financial crime-related responsibilities.
- Good product and sector knowledge of the financial services regulatory regime.
- Minimum 6-7 years of experience in a similar role.
For more information, please contact Stu on 707816 or email your CV to jobs@excel-recruitment.com