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Job Description
Flagstone is seeking a Compliance Analyst to join their AML Compliance Team in London. The Compliance Analyst will support the MLRO and AML Function in executing the Compliance and AML strategy at Flagstone Group. This role involves day-to-day operational management of the AML function in accordance with the Three Lines of Defence (3LOD). Flagstone is an online savings platform that is reinventing how individuals, businesses, and charities manage, protect, and grow their cash.
What this role involves:
- Supporting the design and development of policies and procedures for AML, financial crime and fraud risk management.
- Reviewing and approving Politically Exposed Person (PEP) exposures and high-risk accounts.
- Drafting of regular MI for Risk Committee, Board Papers and AML Team MI.
- Drafting and submitting Suspicious Activity Reports, Sanctions or Financial Crime reports to the National Crime Agency (NCA), HMRC, Office of Financial Sanctions Implementation (OFSI), Financial Conduct Authority (FCA) or Payments Services Regulator (PSR).
- Supporting the review and escalation of Customer Screening Alerts and Transaction Monitoring alerts
- Tracking and keeping colleagues informed of legal and regulatory changes.
- Representing Flagstone to internal and external stakeholders.
- Supporting the reparation and delivery of AML, FinCrime and Fraud related training.
- Supporting the MLRO during internal and external reviews of the AML Framework
- Supporting the development and ongoing review of the Enterprise-Wide Risk Assessment and AML and FinCrime Risk and Control Assessment
- Supporting the development of identification and verification standards for customer onboarding
- Supporting the development of risk-based standards for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Providing expertise and advice on AML and financial crime-related matters as part of new product launch, incident management and AML business as usual activity.
Requirements:
- A deep understanding of AML and sanctions regulations and best practice.
- Strong understanding of CDD and Know Your Customer (KYC) requirements for multiple client types.
- Proven, hands-on experience of developing policies and implementing frameworks in Compliance roles, ideally in the Fintech sector.
- Proficiency in relevant AML and KYC software and systems
- Excellent analytical and investigative skills.
What Flagstone offers:
- Hybrid working (at least 1 day a week in the London office)
- Competitive bonus scheme
- Flexible benefits budget
- Around the World scheme (3 months work from anywhere)
- Mental wellbeing support
- £1,000 personal development budget
- Private health care
- Medical cash plan
- Life insurance and Income Protection
- Matched pension contributions up to 5%
- 25 days holiday plus bank holidays, well-being days and volunteering days
- Enhanced Parental Leave
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