Financial Crime Analyst

Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients’ wealth.

Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UK’s most responsible wealth manager.

We see it as our responsibility to invest for everyone’s tomorrow. That means doing the right thing for our clients and for others too. Keeping the future in mind when we make decisions today. Looking beyond the short term for the most sustainable outcome. This is how we build enduring value for our clients, make a wider contribution to society and create a lasting legacy. Thinking, acting and investing responsibly.

Role: Financial Crime Analyst

Department: Financial Crime Team

Location: Jersey

Contract Type: Permanent

The Role

To assist the MLCO/MLRO and Financial Crime Manager with the oversight and delivery of the effective systems and controls, within RIMI, to detect and protect against financial crime.

To assist with the monitoring of high-risk reviews, overnight screening, portfolio transactional activity.

To also assist the MLCO/MLRO/Financial Crime Manager with responding to Financial Crime queries, transaction monitoring, screening, Financial Crime system searches, CMP testing, trigger event reviews and CDD/EDD SoF/SoW enquires.

To provide regular management information for analysis and presentation to RISKCO, EXCO and RIMI Board, or upon request from the MLCO/MLRO or Financial Crime Manager.

To assist the MLCO/Financial Crime Manager with the Financial Crime Compliance Monitoring Plan and testing of RIMI systems and controls and provide data for analysis.

Outcomes of the Role

·        Fulfil a subject matter expert (SME) role for the Financial Crime function, as agreed with the MLRO/MLCO/Financial Crime Manager.

·        Assist the MLRO/MLCO with overseeing the firm’s systems and controls for compliance with the firm’s anti-money laundering, terrorist financing, proliferation financing, sanctions, bribery, tax evasion policies and procedures.

·        To assist with the Financial Crime Compliance Monitoring Plan, by testing systems and controls and providing management information to the MLCO/Financial Crime Manager as required. Monitor the actions from the testing to ensure completion in a timely manner and deal with any remediate actions for the Financial Crime Team, whilst allocating actions and monitoring completion.

·        To assist the MLRO/MLCO with internal/external audit remediation and reporting.

·        To cover the Financial Crime Manager role when they are not available.

·        Assist in the identification, analysis and implementation of changes driven by legal, regulatory change, industry guidance or best practice, by assisting with horizon scanning and gap analysis.

·        Co-operate with law enforcement/regulatory officers by providing accurate records within a legal framework, ensuring all their enquiries are dealt with within compliance and strict timescales.

·        Assist in the creation and delivery of the Financial Crime training programme including its content and implementation.  Manage training attendance and provide regular reporting to the MLRO/MLCO/Financial Crime Manager.

·        Provide oversight of the PEP and Sanctions screening software including oversight of its results and effectiveness.  Investigate and record PEP and Sanction matches in preparation for MLRO/MLCO sign off.

·        Review and analyse transaction monitoring and overnight and real time screening of the client database/payments and conduct investigations.

·        In collaboration with the MLRO/MLCO and Financial Crime Manager, identify potential gaps across the Group and compile reports, ensuring all confirmed findings are reported to the MLRO/MLCO.

·        Perform deep dive analysis of high-risk clients, PEPs and any other client type referred to the team, report findings and escalate where necessary.

·        Participate in and execute projects and change initiatives related to Financial Crime, as directed by the MLRO/MLCO/Financial Crime Manager. This includes RIMI projects where Financial Crime risks need to be considered.

·        Work with the MLRO/MLCO/Financial Crime Manager to enhance the end-to-end processes and controls to ensure the Financial Crime Team is always operating in the most efficient manner.

·        Escalate Financial Crime regulation breaches as appropriate to the MLRO/MLCO/Financial Crime Manager.

·        Deliver excellent customer service and maintain a good relationship with the business directly, and through the team’s activities.

·        Maintain an up-to-date knowledge of financial crime regulation/laws, through appropriate qualifications and attendance at industry seminars and conferences.

·        To assist with internal/external financial crime investigations, reporting to the MLRO/DMLRO.

Knowledge & Experience

·        experience in a Financial Crime related role.

·        A relevant International Compliance Association qualification, or a desire to study.

·        Analytical and investigative skills with the ability to assess complex data.

·        Experiencing in applying a risk-based approach.

·        Strong attention to detail and organisational skills.

·        Excel and MI Reporting experience.

·        Good written and verbal communication skills.

·        Knowledge of Jersey and Guernsey financial crime related laws and regulations.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values – those that are passionate about client service, operate with the highest levels of integrity and have a strong results focus.

We’re a Level 1 Disability Confident employer under the UK Government scheme. This means we’ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online. If you require adjustments to apply for a role at Rathbones, please contact us via recruit@rathbones.com to let us know what adjustments you may need.