Financial Crime & Payments Officer

  • Sector: LMA UK Operations
  • Contact: Kim Carmona
  • Contact Email:
  • Duration: 6 months
  • Client: LMA
  • Location: London, Greater London, England
  • Salary: £35000 - £40000 per annum
  • Expiry Date: 06 October 2021
  • Job Ref: 187620KMC_1630923685


Support the Financial Crime team in ensuring appropriate support and challenge is provided to the business in ensuring that any regulatory risks are raised and managed accordingly. With a particular focus on oversight of the new digital offering

Daily responsibilities

Act as the Compliance and Financial Crime SME in relation to onboarding of high risk customers

Assist with the investigation and remediation of Transaction Monitoring alerts and escalations

Ensure that the business considers the impact of Financial Crime rules and regulations, with a particular focus on the Payment Services Regulations, Money Laundering Regulations and PoCA 2002

Providing advice to ensure internal processes and procedures are updated to reflect regulatory requirements

Produce and maintain management information to enable effective oversight and committee reporting

Assist with review of Suspicious Activity Reports

Support the management of fraud cases escalated by the first line

Monitoring of low/medium risk onboarded customers

Advise on policy or procedural changes required to incorporate the identified changes

Liaise with members of the Compliance and Financial Crime team as required to ensure alignment with bank policies and procedures

Lead due diligence on new providers and outsources on behalf of the team, ensuring that risks are appropriately mitigated

Ensure that key Financial Crime regulatory issues are reported to the MLRO with options and recommendations analysed to facilitate reporting to senior management

Developing KPI's and other relevant MI to ensure that senior management are appropriately advised to enable informed decision making

Ensuring that the Financial Crime procedure is embedded in the business and providing reporting to management on the status of complaints, implications for the business and lessons learnt

Ensure that standard and ad-hoc information and data reports required by regulators are completed in an accurate and timely manner

Keep a central record of all advice provided to the business

Maintenance of a clear audit trail of work undertaken

When required support compliance related business as usual activities

Contribute to the Financial Crime team responsibilities for the development of New Products or changes to existing products as allocated to you or as requested

Overseeing and completing all other necessary regulator reporting (UK and Dubai) and notifications including approved persons and change in control

Ensure procedures, systems and controls are up-to-date, effective and comply with the regulations identified in the Financial Crime Risk Universe

Skills Required

  • Strong knowledge of banking and payments, with an understanding of financial crime controls

  • Excellent writing and presentation skills

  • Strong stakeholder management

  • Strong change and project management skills, including the ability to manage time well, prioritise effectively, and handle multiple deadlines
  • At least 3 years within a Financial Crime function

  • Prior experience implementing new payment solutions

  • Prior experience with on boarding of GCC customers

Personal Profile

Professional interpersonal skills; ability to interact effectively with people at all organisational levels of the firm

  • Ability to handle confidential and sensitive information with the appropriate discretion

  • Ability to use independent judgement and discretion when making decisions

  • Sufficient knowledge of information technology and data management systems required

  • Ability to work unsupervised and influence change

  • Detail-oriented approach needed to recommend and implement strategic improvements on a range of data privacy and data protection issues

  • Knowledge of PC applications, including MS Office