Financial Crime Analyst, Wealth Management

Job title:

Financial Crime Analyst, Wealth Management

Company

Rothschild & Co

Job description

About Us

Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the world’s financial markets.

Our expertise, intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities and planet.

We have 4,200 talented specialists on the ground in over 40 countries around the world, enabling us to deliver a unique global perspective across four market-leading business divisions – Global Advisory, Wealth Management, Asset Management and Five Arrows.

As a family-controlled business built on relationships, we place a huge emphasis on our people and finding the right colleagues to take our business forward.

Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We are focused on the attraction and recruitment, development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.

Rothschild & Co Wealth Management UK Limited (WM UK)

This is a role within the R&Co UK Wealth Management division based in London. Our business offers discretionary asset management and lending to high net worth individuals, companies, family offices and Trusts. Click here for more information on .

WM UK offers a hybrid work model but expect you to spend most of your time in the office (3 days per week) to build community and efficiency in the team.

The Financial Crime Team (FCT)

The FCT is led by the MLRO/SMF16 and is part of the wider 20-strong WM UK Compliance Team which includes the Business Advisory, Monitoring and Control Room. The FCT is responsible for identifying and helping the Business implement financial crime law, regulation and guidance as well as Group standards. We review all High Risk clients, deal with escalations on Client Due Diligence, Sanctions, Adverse Media as well as help the Business navigate processes that may have exposure to Bribery and Corruption risk (like Gifts and Entertainment, Business Introducers) or to Tax non-Compliance. We interact daily with client facing teams that require our advice. We also provide training on the areas we cover.

Overview of Role

We are looking to hire a Financial Crime Analyst to join our team in London. This role will report into the Deputy Money Laundering Reporting Officer (MLRO) and will provide assistance in the operational aspects of our work.

You should be able to demonstrate a good understanding of the regulatory framework relevant to the role, whilst grasping the importance of keeping up to date with regulatory updates and mastering our internal policies and procedures. You will be involved in and gain practical exposure to all aspects of financial crime including Client Due Diligence, Sanctions, Bribery & Corruption, Suspicious Activity Reporting, Risk Assessments and the MLRO Annual Report. This is a unique opportunity to work alongside a seasoned MLRO in a prestigious and award winning wealth management business.

Overview of Responsibilities

• Assist in the preparation of regular internal reports and MI
• Assist in the preparation of Suspicious Activity Reports
• Assist in responding to Sanctions/PEP and Adverse Media screening queries
• Assist in the High Risk Client annual review process
• Minute taking for our weekly Business Acceptance Committee
• Research and identify new financial crime legislation and regulations/guidance
• Work on ad hoc financial crime projects to help the D/MLRO assess the adequacy and effectiveness of our financial crime control framework
• Assist the Team with central tasks, such as monitoring the Team Inbox and updating Team intranet pages

Experience, Skills and Competencies Required

• Minimum 2 years of experience with a Financial Crime/Compliance Team and within a Wealth Manager or Private Bank. Applicants with a background in Account Opening/ Client Periodic Reviews who are looking for a move into Compliance are welcome to apply
• An understanding of the UK regulatory requirements in relation to client due diligence and on going monitoring, reporting of suspicious activity
• Critical thinking, intellectual curiosity, and ability to demonstrate good judgement
• Excellent written and verbal communication skills
• To be a good fit for this team, you need to be enthusiastic, detail-oriented and well organized as we often have to work around tight deadlines

Education and Qualifications

• Bachelors degree (or equivalent)
• Professional qualifications (e.g., ICA Certificates/ Diplomas) desirable but not mandatory (but you should be willing to study towards a professional qualification while in this role).

Our goal is to have a balanced, inclusive and flexible environment which enables all colleagues to achieve their personal and professional aspirations, and to ensure that Rothschild & Co provides longer term opportunities for talent.

Expected salary

Location

London

Job date

Sat, 17 Feb 2024 05:25:34 GMT

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