The Financial Crimes Office for EMEA (FCO EMEA) in London is part of the Global Financial Crimes Division headquartered in New York. It works to ensure that our organisation conducts its business such that we protect our reputation, our business, and our clients within the regulatory and legal framework. It is responsible for the establishment and maintenance of effective systems and controls to protect clients’ assets and to mitigate the risk that the bank might be used to further financial crime.
Main Purpose of the Role:
The purpose of the role is to log, track, report and remediate Financial Crime issues and findings for the EMEA branches. This role will take a proactive approach to financial crime risk mitigation including working with the EMEA offices, all areas of financial crime and global colleagues to remediate and report on identified risks and issues.
Financial Crime Investigations Team:
Responsible for carrying out level 1 sanctions screening of live payments. Level 1 is responsible for ensuring that all false positive sanctions hits are released in a timely manner and that all true matches are escalated to level 2 the level 2 sanctions screening team. The sanctions screening systems are monitored between the hours of 5.30am and 6.30pm on a daily basis. Shift patterns are 5.30am – 1.30pm and 10.30am – 6.30pm, rotated on a weekly basis. This includes all bank holidays, with the exception of Christmas Day and New Year’s Day.
- Daily monitoring of HotScan – sanctions screening system which monitors all authenticated SWIFT messages for EMEA offices
- Daily monitoring of SafeWatch – sanctions screening system which monitors SEPA payments on behalf of London, Amsterdam, Paris, Madrid and Brussels
- Escalation of positive matches to the Level 2 screening team
Functional / Technical Competencies:
- Attention to detail
- Able to work to deadlines
- Previous work in Operations preferred
Education / Qualifications:
- A-Levels essential