AML & Compliance Officer

  • Sector: LMA UK Compliance & Financial Crime
  • Contact: Kim Carmona
  • Contact Email:
  • Duration: 6 months min
  • Client: LMA
  • Location: London, Greater London, England
  • Salary: £45000 - £50000 per annum + negotiable
  • Expiry Date: 19 August 2021
  • Job Ref: 186521KMC_1626779561

Job responsibilities

  • Provide advice to staff on compliance issues which arise on a day to day basis.
  • Keep abreast of developments in relevant laws, regulations and guidelines.
  • Assist in carrying out compliance monitoring programme and report results of testing and details of any other significant compliance issues which emerge.
  • Assist in maintaining logs of breaches and complaints and investigate them as required, reporting to the FCA and liaising with the Financial Service Ombudsman.
  • Assist in the completion and submission of regulatory returns in accordance with the specified timescales for so doing.
  • Check Compliance with the Bank's AML due diligence procedures for account opening and periodic reviews.
  • Perform effective monitoring of transactions to highlight those requiring investigation and escalation in accordance with the Bank's procedure.
  • With the MLRO, receive and investigate fully reports from staff concerning money laundering suspicions and actual or attempted fraud.
  • With the MLRO, prepare disclosure reports to NCA, as and when required.
  • Assist with responses to requests for documentation and other requirements contained in court orders.
  • Assist with the completion of periodic compliance checks.
  • Completion of due diligence reviews of new prospective customers and periodic reviews of existing customers promptly.
  • Completion of daily transaction monitoring reviews with the appropriate queries (including OFAC screening exceptions) and regular follow-up of outstanding queries.
  • Review and update as necessary the Bank's Policy, as allocated
  • Assist in the development of the annual Compliance Plan.
  • Assist in completion of relevant sections of quarterly Compliance Reports
  • Assist in the update of the Bank's Risk-Based Approach to AML Policy
  • Investigate and prepare disclosure reports to the NCA promptly when required to do so.


- Ideally educated to degree level
▪ Experience of compliance position(s) financial services/banking environment.
▪ Technical ability and knowledge of relevant legislation and the FCA regulatory environment.
▪ Experience of the application of AML regulations to customer on-boarding, periodic reviews and across different banking products.
▪ Report writing skills.

▪ Articulate with good written and oral communication skills.
▪ Ability to work to strict deadlines
▪ Good analytical skills, with a thorough and logical approach. Good eye for detail, yet able to take a broad view.
▪ Intelligent with an ability to apply concepts to different situations.

This will be a FTC/temp role renewed on a rolling 3- monthly basis.