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Elevate Direct
Financial Crime Analyst
£220.00 PAYE/£282.30 Umbrella
Edinburgh (Remote Working)
6 Month Contract

Role Purpose/Responsibilities:

The investigator role, within Investigative Reporting, is part of the wider Financial Crime, Investigations and is responsible for ensuring that assigned cases are thoroughly and professionally investigated and where appropriate, reported to the authorities in accordance with applicable proceeds of crime/regulatory requirements. It is the responsibility of the jobholder to decide whether activity is suspicious and therefore requiring reporting to the authorities (via escalation to the MLRO).
  • Responsible for quality checking and decisioning investigations concerning accounts/transactions where potential financial crime risk has been identified and where necessary, referring and/or escalating such cases in accordance with the Investigative Reporting (Investigative Reporting) Procedures to the National Crime Agency for Suspicious Activity Report filing and appropriate internal referrals for action (including customer exit)
  • Responsible for conducting effective and timely checking and decision making into assigned cases in accordance with agreed standard reporting requirements and service level agreements. These cases may include:
  • Unusual activity reports from various parts of the bank as well as other entities as applicable, including other business lines and functions.
  • Escalated cases from transaction monitoring systems.
  • Escalated cases identified by true matches to screening lists escalated from Name Screening teams.
  • Cross-border referrals; and
  • Escalated cases from Fraud Operations.
  • Responsible for conducting effective and timely checking and decision making into assigned cases in accordance with agreed standard reporting requirements and service level agreements. These cases may include:
  • unusual activity reports from various parts of the bank as well as other entities as applicable, including other business lines and functions.
  • escalated cases from transaction monitoring systems.
  • escalated cases identified by true matches to screening lists escalated from Name Screening teams.
  • cross-border referrals; and escalated cases from Fraud Operations.
  • On receipt of a referral, conduct a review, in line with the instructions, to identify any probable financial crime related issues, or mitigation of any financial crime risks.
  • Responsible for feeding back a high-quality investigative narrative (Investigation Report) and to record the case history, with supporting findings, in an approved case management system.
  • Provide effective, timely feedback to IR investigator colleagues
  • Written record in all corresponding case file of recommendation and associated referrals for action, to include reference to reporting to the regulator, where appropriate.
  • Checking that the completed report is sufficient in scope and detail to have addressed the substantive issues and the final recommendation has a proper foundation in fact and concurs with the issues discovered during the review.
  • Conclusions and recommendations that demonstrate risk-based decision making, and a willingness to take responsibility for that decision, as well as checking for clear and strong supporting rationale, without losing sight of speed to conclude and report to the authorities and executive management, where appropriate.
  • Identifying cases which require to be given Consent to Proceed through DAML (Defence against Money Laundering) criteria
  • Ensure compliance with Regulatory, Bank Policy and Principles. Maintain records, and update case histories.
  • Work closely with respective Manager to develop personal capability.
  • Work effectively and professionally with colleagues across Investigations and the organization.
  • Work closely with fellow IR investigators, building capability, best practice and providing accurate, value adding feedback

Skills/Experience
  • Universal banking experience across Retail, Commercial and Banking and Markets
  • Money Laundering investigations experience including understanding transaction monitoring scenarios
  • Familiarity and experience with transaction monitoring and associated systems and case management systems
  • (Universal Case Management (UCM)
  • Experience with banking core customer data management systems
  • Experience of identifying activity indicative of financial crime risk, ie money laundering, terrorist financing, etc. risk
  • Experience in undertaking investigations/analysis into customer activity with the ability to draw inferences from noted behaviour, including transactional profile, against expectation established from KYC/CDD data
  • Experience in writing reports
  • Proven high quality spoken and written communication skills with the ability to draft reports and communicate conclusions effectively, in a clear, concise and professional manner
  • Consistently achieve objectives set and take action to improve own performance
  • Strong organisational skills
  • Collaborative working style with colleagues and broader stakeholders within a cross-border and LoB Matrix organisation
  • Prior regulatory or law enforcement investigations experience is advantageous
  • ACAMS or International Compliance Association (ICA) certificate/diploma, or equivalent qualifications
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