AML and Sanctions Compliance

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • CLS UK Intermediate Holdings Ltd.
  • 09 Nov 17 2017-11-09

Support the AML and Sanctions Compliance function by assisting in the development, implementation and monitoring of compliance programs associated with new initiatives. The initiatives include certain key projects, such as the launch of CLSNet, a new netting service that is scheduled to be offered by CLS in 2018.

Essential Functions Major duties and responsibilities of the job

Support the enhancement of the AML and OFAC Sanctions frameworks in the AML / SanctionsCompliance area with heavy focus on new key initiatives
Perform and assist with KYC/On-boarding and AML and sanctions related investigations and monitoring
Work with the AML and Sanctions Group Head and the wider Compliance team to foster a culture of compliance and appropriate conduct
Know Your Customer for fund and other third party customers to CLS: sight check names and addresses, perform Sanctions screening and data entry related to approval of the parties.Coordinate with Relationship Management, Risk Management and Operations to obtain further customer identification and KYC information and maintain the integrity of the customer on-boarding tool. This is an increasingly important area for CLS and the role has the opportunity to participate therein.


Actively support the creation and implementation of Compliance programs for new CLS productsand initiatives
Ensure Compliance’s requirements are met with respect to CLS’s new products, strategic initiatives,and technology upgrades
Support Internal Audit reviews aimed at testing adequacy of key AML and OFAC Sanctions policiesand procedures
Support the day to day execution of an AML/ Sanctions compliance program by managing and conducting a selection of Compliance tasks including:
oAML Investigations and disposition of sanctions hits
oConduct KYC due diligence, enhanced due diligence, data mining and research as directed by more senior members of the Compliance team as appropriate
oComplete the accompanying administration associated with due diligence, such as draftingreports and accompanying notes
oComplete special projects associated with AML/Sanctions, including revisions and drafting of various AML/Sanctions procedures
 Reporting and analysing AML/Sanctions related data
 Run data and spreadsheet reports as requested based on specific criteria. You will be expected to learn how to create increasingly complex reports over time (e.g. Year-on-Year growth of customers by region, for each currency, and grouped by counterparty type)
 Provide local subject matter expertise across new initiatives
 Proactively develop and maintain collaborative working relationships with stakeholders at all levels

Essential / Desired Qualifications Experience, education and any certifications as necessary for successful job performance:

 Bachelor’s Degree or equivalent
 Minimum of three years or more work experience in Banking and/or Financial Services / consultancy firms
 Demonstrable AML subject matter expertise required
 Demonstrable analytics subject matter expertise required
 Certified Anti-Money Laundering Specialist, or willing to pass the exam within six months of hire
Knowledge, Skills and Abilities Experience and competencies required for successful job performance  Financial Crimes Compliance experience  Any exposure to payments, correspondent banking, FX, equity or derivatives business is helpful.  Advanced knowledge of Microsoft Expert and basic statistical concepts, specifically: data mining, data import/export, working with delimited files, models and writing macros  Familiarity with Business Intelligence/Data Analytics Software (e.g. Microstrategy)  Ability to provide flexible support during key times of the year  Ability to drive a project and identify area of improvement  Self-starter and ability to work independently  Can evidence strong planning, organisation and time management skills with the ability to effectively deal with multiple work strands simultaneously  High level of attention to detail  High level of communication skills (written and oral including presentation skills)  The ability to interact comfortably with, and relationship manage, senior stakeholders Success Factors / ‘How’ Personal characteristics contributing to an individual's ability to excel in the position  Focused on the execution of AML and Sanctions Compliance strategy  Enjoys problem-solving utilising analytical mindset  Enthusiastic and passionate about Compliance  Approachable with a collaborative and partnership style  Appreciates, delivers and encourages timely execution of controls  Trusted to maintain strictest confidentiality  Self-starter who can work autonomously as well as within a team environment  Consistently performs to the highest standards  Can interact comfortably at all levels adapting to different audiences as necessary  Effective under pressure and can foresee and proactively deal with challenges  Comfortable to work and interact with a US based team