technology job

AML Analyst

  • Posted July 10, 2024
  • £30000 - £40000 per annum
  • Newcastle
  • Permanent

One of Sanderson’s financial services clients are seeking an Anti Money Laundering (AML) Analyst for a 12-month fixed-term contract. You will conduct detailed analyses on clients to ensure Source of Wealth (SoW) and Source of Funds (SoF) are legitimate. This role is crucial in mitigating financial, regulatory, reputational, and legal risks to their organisation.

This role would require you in office 3 days per week, with the rest from home.

Key Responsibilities:

  • High-Risk Client Analysis: Conduct analyses to identify key indicators of AML, financial, regulatory, reputational, and legal risks.
  • Source Verification: Confirm and verify client SoW and SoF during onboarding and ongoing monitoring.
  • Adverse Media Searches: Perform searches on clients and associated parties to assess AML risk.
  • Risk Identification: Identify and document “red flags” and propose appropriate client risk ratings.
  • PEP Identification: Identify Politically Exposed Persons (PEPs) within the client base.
  • Stakeholder Collaboration: Work with stakeholders to escalate assessments as needed, ensuring compliance with internal standards.
  • Expert Engagement: Collaborate with Subject Matter Experts to address material concerns, including ABAC, Terrorist Financing, Economic Sanctions, PEP, Tax, and reputational risks.
  • Process Adherence: Follow high-risk client management processes and suggest improvements.

Skills and Experience:

  • Proven experience in AML/EDD roles within banking or in investigations, due diligence, or business intelligence.
  • Strong research and investigation skills using open sources and industry databases.
  • Excellent writing skills with experience in producing complex reports.
  • Detailed knowledge of AML client risk assessment, EDD practices, and policy development.
  • Strong understanding of AML/CTF and ABAC legal and regulatory frameworks.
  • Good grasp of geopolitical risks.
  • Preferred: Graduate or Post-Graduate qualification in AML or related discipline.

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