Department Overview:
Financial Crime Compliance (FCC)is part of the UK Compliance Department and is responsible for ensuring compliance with the various aspects of the ING Know Your Customer Policy as well as the UK FCC legislation.
Main Duties and Responsibilities of Role:
- To complete MLRO advice requests where required in the Vantage system
- To review and advise upon complex and enhanced EDD files
- To analyse and decide on correct action to be taken on name screening alert escalated from the first line
- To analyse and decide on correct action to be taken on SWIFT messages stopped by the FMF Fircosoft transaction monitoring system
- Escalate internally any screening Hits.
- To advise First line in respect of FCC policy requirements.
- To sign off sanction risk assessments
- To analyse and decide on correct action to be taken in respect of escalations from Post Transaction activity monitoring.
- Conduct quality assurance on outsourced processes (such as CDD and first line screening)
- To train staff in respect of AML requirements when required
- Remain conversant with UK and relevant overseas regulations and regulatory developments in regards to Money Laundering and Financial crime.
- Maintain the branch PEP register
- Perform additional tasks and responsibilities as requested
Career Potential
- Financial and Economic Crime is a growth Industry. With knowledge and training as well as qualifications such as the ICA Diploma in Financial Crime, a position in the area could ultimately lead to a role of FEC Expert/MLRO.
Candidate Profile
Qualification/Education
- Essential: A level Education. Knowledge of Word/Excel/Powerpoint
- Desirable: Degree or equivalent relevant business qualifications such as ICU Diploma
Experience/Knowledge
Essential:
- Full knowledge of the UK Financial and Economic Crime Legislation and the expectations of regulators in this area.
- At least 5 years working in a Financial Crime Role with a Bank or similar Financial Institution giving advice in the area of Client Due Diligence requirements and Sanctions.
- An understand of Wholesale Banking products and how they could be used to launder money
Desirable:
- Knowledge of ING Systems and processes such as Vantage.
Personal Competencies
Essential:
- Commitment to high quality standards with a fine eye for detail
- Ability to work to deadlines with limited supervision
- A high level initiative and common sense.
- An interest in global activities be it Criminal or Sanctions that can impact payment flows to people, companies or countries.
- Ability to communicate clearly on both a verbal and written basis
- Problem solving skills.
- Ability to make and record decisions with in the given FEC risk parameters
Desirable:
- Geographical awareness.
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