Money Laundering Reporting Analyst

To conduct in-depth analysis and investigations into high profile, high-risk Politically Exposed Persons (PEPs) or Politically Influential Persons (PIPs), related to terrorist financing, money laundering, bribery, corruption, market abuse, other predicate offences or other suspicious activity, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation.

Responsibilities

Conduct in-depth analysis and investigations into high profile, high-risk Politically Exposed Persons (PEPs) or Politically Influential Persons (PIPs) related to terrorist financing, money laundering, bribery, corruption, market abuse, other predicate offences or other suspicious activity, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation; Assess the independent risk profiles of high profile clients as a second line-of-defence, in relation to consequential risks; Analyse information arising from negative news, customer identification & verification, to enable the drafting of accurate synopses for submission to law enforcement & regulatory authorities; Submit data, perform data analytics, identify & analyse trends consistent with money laundering, terrorist financing, & other suspicious activity, to determine the impact on operations; Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures; Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations; Maintain pro-active awareness of potential high-risk persons or entities through monitoring of open source information (e.g. press releases, social media); Store and manage all information and data on the required systems, in the required format and for the required duration as prescribed by the relevant data model and in adherence with the policies and procedures

Requirements

Diploma in Risk Management; 3-4 years experience in Compliance; Experience in the analysis of money laundering and terrorist financing indicators and trends; Experience in bank processes, products and systems; Experience in dealing with different stakeholders at different levels both internal and external; Experience in AML / CFT investigative work; Articulating Information; Managing Tasks; Taking Action; Upholding Standards; Following Procedures; Compliance; Financial Industry Regulatory Framework; Fraud Detection and Management; Legal Compliance; Promote Good Governance, Risk & Control; Risk Management; Applicants must be eligible to work in Isle of Man