Job Description
United Trust Bank’s Compliance team works to ensure the Bank’s compliance with the applicable regulatory regimes. The team assesses the adequacy and effectiveness of the Banks Policies and Procedures and provides Departments with advice, support and guidance on regulatory matters in order to help them achieve their objectives and a positive customer outcome.
The role of Financial Crime Analyst sits within the Bank’s Compliance team and reports to the Financial Crime Manager. The ideal candidate will be adaptable as the role requires the successful candidate to undertake work across a variety of financial crime tasks that cover all Business Units across the Bank.
Responsibilities:
- Assisting UTB’s Business Units with completion of Customer Due Diligence (CDD) where required
- Reviewing CDD escalations from Business Units including potential adverse media matches, potential politically exposed persons (PEP) matches, potential sanctions matches, etc.
- Conducting Enhanced Due Diligence (EDD) reviews on prospective Medium / High Risk customers and preparing recommendations for the MLRO / Financial Crime Manager
- Undertaking customer CDD refreshes for Medium / High Risk customers in conjunction with UTB’s Business Units
- Completion of on-going monitoring of customer activity to identify possible unusual or suspicious activity
- Investigation of potential money laundering, fraud and terrorist financing cases identified through multiple channels including: Compliance reviews, on-going monitoring or Internal Suspicious Activity Reports
- Filing suspicious activity reports to the National Crime Agency where approved by the MLRO or Deputy
- Completion of reviews on Business Units’ compliance with Financial Crime Policy and Procedures
- Completion of monthly Compliance Management Information reporting
- Acting as a point of reference for CDD and financial crime enquiries from various departments
- Conducting research and analysis on financial crime typologies and trends
- Supporting the Financial Crime Manager in the drafting and revising of Financial Crime procedures
- Working with other members of the Compliance team, especially in situations where a customer file may require review and analysis from a Regulatory Compliance / Data Protection perspective
- Completion of other Compliance related tasks as delegated by the Head of Compliance / Financial Crime Manager / Compliance Manager / Data Protection Manager
Skills and experience sought:
- Experience in a transaction monitoring / KYC / financial crime analyst role
- Familiarity with requirements of all aspects of CDD and Enhanced Due Diligence
- Good working knowledge of financial crime typologies across a variety of banking products
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to work unsupervised and to tight deadlines
- Educated to degree standard with ideally experience gained in the banking sector
- International Compliance Association Certificate or Diploma in KYC and CDD, Financial Crime or Anti-Money Laundering
- Certified Anti Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE) or other similar designation considered a plus
Salary
City
United Trust Bank is a diverse, fast growing specialist bank that provides a wide range of funding facilities and deposit accounts for individuals, businesses and charities.
We are driven to understand our customers’ needs, taking an entrepreneurial and pragmatic approach. This allows us to provide quick and flexible funding solutions to support sound proposals.
Our broker relationships are key to our ability to deliver value-added funding solutions. We aim to provide outstanding service and build relationships for the long term.
United Trust Bank was incorporated in 1955 and has many decades of lending experience. We are covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. At United Trust Bank, our focus is always on our customers’ needs. Our lending divisions each have their own qualities and strengths, which they draw on to deliver the best service for our customers.
United Trust Bank employs staff from a wide variety of backgrounds, origins, experiences and cultures. We recognise, respect and value people’s differences in terms of skills, experience, background, race and gender and this is reflected both within the organisation, in our recruitment and promotion process and in the way we treat our customers.
We believe in treating each other fairly, with dignity and respect and creating an environment where every individual is given equal access to opportunities to fully develop their potential. In line with our values, we listen and respect one another’s opinions and promote an inclusive culture for all staff. We work co-operatively with our colleagues, whilst recognising their different strengths and abilities. In our behaviour, we are trustworthy and honest and we are transparent and respectful of one another and of our opinions.
UTB is committed:
- To creating an environment in which individual differences and the contributions of all team members are recognised and valued.
- To creating a working environment that promotes dignity and respect for every employee.
- To not tolerate any form of intimidation, bullying, or harassment, and to discipline those that breach this policy. To ensure that training, development and progression opportunities are available to all staff and are based on aptitude and ability.
- To promote equality in the workplace, which UTB believes is good management practice and makes sound business sense.
- To encourage anyone who feels they have been subject to discrimination to raise their concerns so we can apply corrective measures.
- To encourage employees to treat everyone with dignity and respect.
This is also reflected in our commitment to a diverse Board where we value different skills, experience, background, race and gender. When filling Board positions, we ensure that we follow a rigorous selection process, as we do for all our recruitment. This is based on identifying the current skills gap, as well as complimenting and expanding the skills, knowledge and experience of the Board as a whole.