Financial Crime Analyst
Shawbrook is a specialist UK lending and savings bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and savings products.
We differentiate ourselves by concentrating on markets where our specialist knowledge and personalised approach to underwriting offer us a competitive advantage. This supports attractive stable returns and sustainable growth and benefits businesses and consumers in parts of the market which continue to be poorly served by traditional high street banks. Fundamental to our success is a relationship focus which puts the interests of our customers and business partners at the heart of everything we do, built on a culture which stresses the use of our experience and judgement to make decisions that balance risk, return and customer need.
We are looking for a Financial Crime Analyst to support our business finance team in the prevention, detection and investigation of financial crime/AML/KYC issues, including money laundering, fraud (internal and external), market abuse, bribery & corruption and other regulatory malpractice. Remediate, where identified, issues relating to regulatory processes such as AML, Politically Exposed Persons (PEPs), sanctions etc.
- Undertake AML/KYC analysis in line with documented processes. Escalate cases for approval where necessary supported with a clear recommendation and justification.
- Review and timely completion of all financial crime related transaction monitoring alerts across the portfolio and investigation into any irregularities, formulating any internal or external reports as necessary.
- Delivery of appropriate financial crime policies and procedures to ensure compliance with internal bank standards and external regulation, including AML, fraud, anti-bribery & corruption, POCA.
- Ensure divisional AML procedures are maintained and are kept up to date and meet group policy.
- Provide advice to the business in best practice in AML/KYC compliance across business finance through training and oversight of QA outcomes to ensure recommendations are implemented appropriately.
- Support the delivery of the operational risk framework through regular review of key controls and compliance with financial crime policies, to ensure business areas, operate within risk appetite.
- Assist the financial crime specialist and business finance, in identifying the impact of financial crime related regulatory developments, business issues, operational failures and ensure that shared learning is cascaded across the bank.
- Investigate suspicious activity reports and where applicable make an external disclosure to the relevant law enforcement agency such as the National Crime Agency or Jersey/Guernsey Financial Crime Unit’s.
- Act as point of contact and dealing with any enquiries or requests from law enforcement agencies/regulatory bodies (HMRC etc) in the investigation of financial crime.
- Represent financial crime team in projects and change forums, ensuring financial crime risks are considered and appropriate representation/challenge is provided.
- Be the point of contact for any unusual or especially complex cases for business finance. Make recommendations to the business and where necessary escalate to second line of defence explaining the issues and being able to communicate back findings to the relevant team to ensure compliant.
- Maintain effective relationships with management and staff to ensure that the key aims of the bank are achieved.
- Hold an appropriate professional qualification (ideally an ICA Certificate in financial crime prevention and/or anti money laundering).
Experience (type & level)
- The business finance financial crime team provides anti-money laundering (AML) and wider anti-financial crime (including fraud, market abuse and bribery & corruption) advice to the bank
- Demonstrated financial crime experience gained within a financial services environment.
- Demonstrated experience of achievement with financial crime related responsibilities.
- Good product and sector knowledge of the broad financial services regulatory regime.
Technical/Specialist Knowledge & Skills
- Computer literate
- Knowledge and experience in using financial crime industry software solutions
- Knowledge of conduct risk and TCF
- Ability to present findings in logical manner, with evidence of analytical thought process
- Working knowledge of relevant UK financial crime regulations, obligations and industry best practice relating to POCA, ML regulations, fraud act, bribery act, terrorism act, FCA handbook content and JMLSG as well as other relevant financial crime legislation.
- A self-starter; an ability to think on one’s feet and deal with the unexpected
- Team player skills, i.e. comfortable working with colleagues of all grades and backgrounds
- Excellent communication skills; able to communicate clearly both verbally and in writing
- Calm under pressure, adaptable and agile in approach
- Ability to demonstrate sound judgment on a consistent basis
- Enthusiastic “can do” attitude
- Influencing and conflict resolution skills
This role is an SB4 within Shawbrook’s internal banding structure