Financial Crime Risk Analyst (SO2)
Description
Overview
As a Financial Crime Risk Analyst, you'll report directly to the MLRO and work closely with a team of risk and compliance professionals. Your primary duty involves reviewing data of high-risk customers and transactions to detect and investigate potential financial crimes. Furthermore, you'll play a crucial role in this new position as we navigate through a significant growth phase in our business.
Major Duties:
- Review high-risk customers and transaction data to identify and investigate suspicious activities.
- Monitor financial crime alerts, investigate potential matches, and take appropriate action.
- Assist with investigations by gathering evidence, reviewing documents, analysing transactions, identifying procedural breaches, conducting root cause analysis and preparing detailed reports
- Monitor and optimize financial crime detection rules to ensure quality alerts and minimise false positives.
- Ensure compliance with AML laws and regulations.
- Collaborate with the AML team to develop strategies for countering financial crime.
- Prepare reports on financial crime trends and potential vulnerabilities for senior management.
- Promote financial crime awareness by preparing training materials, developing best practice methods and sharing financial crime insights with the business.
- Continuously assess and improve financial crime risk management processes.
Qualifications and Experience:
- Bachelor’s degree in Law, Finance, Data Science, or a related field.
- Relevant professional certifications (e.g., Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS)) are highly regarded.
- In-depth knowledge of AML regulations and compliance within the fintech sector.
- Strong understanding of financial crime risk tools, systems, and configurations.
- Proficiency in data analysis and statistical tools for financial crime detection.
- 3-5 years of experience in AML and Compliance Operations, with a focus on fraud risk, payment/transaction screening, and transaction monitoring.
- Prior experience in the fintech industry is preferred, with a deep understanding of the challenges and risks associated with digital transactions.
- Excellent communication skills, with the ability to present complex information clearly and concisely.