AML – Fraud/Sanctions – Deputy MLRO recruitment
Main purpose of the role
To assist the MLRO in respect of the anti-money laundering (AML) function in relation. To act as the Deputy MLRO in the absence of the MLRO. By definition the AML Function is responsible for dealing with all aspects concerning financial crime including money-laundering terrorist finance prevention, sanction, corruption and fraud issues.
Responsibilities
Assist the MLRO and act as deputy on day-to-day and ad-hoc projects/reviews/tasks within the MLRO function, including:
- Contribution to the Commerzbank Risk Analysis;
- Liaising directly with the Client Verification Team (CVT) function to assess client risk and client take on procedures.
- Testing for compliance with the bank’s policies and procedures to combat financial crime
- Promoting compliance across the business with UK AML regulatory requirements and Commerzbank standards through the application of appropriate procedures; and
- Assisting Group representatives and representatives from the authorities and regulators during audits/reviews, etc.
- Assist with risk-based, manual AML reviews, as part of the AML team, in accordance with the formal monitoring programme
- Present manual monitoring findings and conclusions to the MLRO, including recommendations for action on internal/external fraud events and control deficiencies
- Ensure that alerts arising from any automated monitoring system are investigated and analysed in a timely manner and in line with the department’s procedures. Provide regular reporting of findings/issues to the MLRO for discussion and action as
- Assist with the development, roll-out and update/enhancement of the automated monitoring systems (Actimize).
- Receive, investigate and assess internal reports of suspicious activity
- Make external reports to SOCA and/or the police authorities where necessary
- Respond to incoming enquiries/requests from the police authorities
- Collate incoming fraud attempts, investigate where necessary and report to the relevant authorities
- Assist with the preparation and delivery of the AML training programme where required
- Prepare material for awareness of staff on AML issues including maintaining and improving the AML intranet
- Disseminate and monitor checks for matches against sanctions names, initiating where appropriate action in the event of a direct match
- Raise and address any issues of concern regarding compliance with FSA, legal requirements and Commerzbank standards concerning money laundering/financial crime
- Deputise for the MLRO or on request or to cover absence
- Reports to (Position) Head of AML - Fraud- Sanctions
May 9, 2012
• Tags: AML, Compliance, Deputy MLRO recruitment, Fraud, Legal careers in the UK, Sanctions • Posted in: Financial