Senior Financial Crime Prevention Analyst
DEPARTMENT: FCP
JOB TITLE: Senior Financial Crime Prevention Analyst
CORPORATE TITLE: Associate
RESPONSIBILITIES:
The role is responsible for undertaking reviews and analysis relating to the assessment, monitoring and enhancement of systems and controls within Newedge UK Financial Limited ("NEUKFL") in respect of financial crime risk (primarily AML Fraud). In addition, the role is responsible for supervising client monitoring activities for NEUKFL. The role assists the Financial Crime Prevention Manager to ensure FCP delivers in line with its coordination and oversight role and works with key stakeholders to ensure a strong control environment. Key functions and responsibilities include-
• Review and assessment of NEUKFL systems and controls in their adequacy against financial crime risk.
• Identification of current financial crime trends and undertaking associated impact assessments in order to enhance the proactive approach taken to financial crime prevention.
• To act as the Senior FCP Monitoring resource for NEUKFL and to act in an advisory capacity to the EMEA region.
• Receive and investigate internal suspicious activity reports, including conducting investigations in to suspected financial crime incidents in order to:
o Establish the chronology of events
o Identify any failures in controls
o Take appropriate remedial action where necessary
o Liaise with law enforcement agencies/regulators as appropriate
o Assist in submitting SARS to SOCA as appropriate
• Work on projects relating to the implementation of electronic and other surveillance systems designed to monitor client activity.
• Maintain an up-to-date knowledge on products and financial services.
• Maintain up-to-date knowledge on financial crime trends within the industry.
• Disseminate relevant financial crime updates and articles to the department and relevant individuals.
• Keep up-to-date with financial crime legislation and industry best practice and conduct relevant risk analyses for NEUKFL.
• Provide input/assist with creation/enhancement of NEUKFL Financial Crime AML policies and procedures.
• Provide input into and assist with delivery of financial crime prevention training initiatives to relevant NEUKFL employees.
• Ensuring the creation, maintenance and updating of appropriate departmental records/databases in respect of all the above work.
• To liaise with other internal departments as and where appropriate.
• Ad-hoc support for the Financial Crime Prevention Manager and Head of FCP, EMEA
• Provide supervision and guidance to junior members of the Financial Crime Prevention Team.
• Ad-hoc support to the KYC team.
Personal Responsibilities
• It is your responsibility to ensure that you are fully aware of and adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational risk requirements (e.g. Golden rules, security policies and regulatory requirements).
• You are responsible for managing, controlling, preparing and escalating risk within the scope of your position.
• Additionally, it is your responsibility to read, understand and comply with the Company's Conduct and Standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.
• You must act with integrity and due skill, care and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny.
• You must observe proper standards of market conduct. It is your responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to your business.
SUPERVISION DUTIES:
• Supervision of Financial Crime Prevention Monitoring Team.
• Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the Company.
• Provide leadership, direction, advice and guidance to the team, thus maintaining high levels of integrity, motivation and morale.
• Initiate actions to further improve your own and the team's skills and performance.
BOARD / COMMITTEE MEMBERSHIPS
None
SKILLS AND EXPERIENCE NEEDED:
• This role requires 5+ years' working experience in financial crime prevention within major banks/brokerage firms. This must be formed from a significant degree of experience in implementing, maintaining and using electronic monitoring systems to identify financial crime risk/suspicions.
• The candidate must have a strong feeling for implementation of a risk based approach to financial crime prevention, and its link to appropriate systems and controls.
• In depth knowledge of UK Money Laundering Regulations, JMLSG guidance, EU Third Money Laundering Directive.
• Experience of KYC in relation to high risk clients and fund structures.
• A strong business focus with an ability to take account of the nature and complexity of a firms business,
• The ability to visualise and outcome and work towards it.
• Independent, self-motivated, proactive, analytical and willing to work under pressure.
• Excellent communication skills.
REQUIRED REGISTRATIONS:
• Needs to have good understanding of the regulatory framework in respective regions
• Needs to understand the regulations applicable to the performance of the role
• Needs to build a good working relationship with compliance and other control functions
• Role holder must have unquestioned fitness propriety, integrity
REPORTING LINE:
Reports to: Financial Crime Prevention Manager
LEVEL OF AUTONOMY:
Medium/High
Newedge is a leading force in global multi-asset brokerage with a world-leading position in the execution and clearing of listed derivative products. Newedge offers access to more than 85 markets and has a presence in 23 locations across 17 countries.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities and commodities on OTC markets. Newedge also provides a range of value added services including prime brokerage, asset financing, electronic trading and order routing, cross margining, and the centralized reporting of client portfolios.
Supported by two top tier rated shareholders, Société Générale and Crédit Agricole CIB, Newedge is independently run and regulated.
Newedge is an equal opportunity employer. For more information about Newedge, visit www.newedge.com.
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