AML Compliance Officer - £250/£350 per day for an initial 6-months

Job Summary:

My client is seeking a highly skilled and experienced Anti-Money Laundering (AML) Compliance Officer to join their team. The ideal candidate will have a strong background in AML compliance, specifically in the second line of defense, coupled with proficiency in SQL and a deep understanding of banking operations. The AML Compliance Officer will play a crucial role in ensuring adherence to regulatory requirements and maintaining a robust AML framework.

Daily Responsibilities:

• Provide second line of defense oversight for the AML programme.
• Monitor and assess the effectiveness of AML policies, procedures, and controls.
• Conduct periodic risk assessments and implement necessary enhancements.
• Stay abreast of relevant AML laws, regulations, and industry best practices.
• Interpret and communicate regulatory changes to internal stakeholders.
• Utilise SQL and other relevant tools to conduct in-depth analysis of transactional data.
• Investigate and escalate suspicious activities, ensuring timely reporting to regulatory authorities.
• Enhance transaction monitoring systems for improved detection and efficiency.
• Prepare comprehensive reports for senior management and regulatory bodies.
• Maintain accurate and up-to-date documentation of AML activities and investigations.
• Ensure the availability of required records for internal and external audits.

Qualifications:

• Proven experience as an AML Compliance Officer, preferably in a second line role.
• Strong knowledge of AML laws, regulations, and industry best practices.
• Proficiency in SQL for data analysis and reporting.
• Previous experience in the banking industry is highly desirable.
• Excellent analytical and investigative skills.
• Strong communication and interpersonal skills.
• Relevant certifications (eg, CAMS) would be a plus.