AML Risk/Onboarding Specialist

Business and Financial Operations

Belfast, Northern Ireland

Role: Cowen is currently seeking an AML Risk/Onboarding Specialist to join our Belfast team.

Responsibilities:

  • Oversight of the on-boarding and refresh process from end to end in relation to financial crime mitigation and control.
  • Reviewing and approving client account files at all risk levels prepared by other team members at both onboarding and refresh.
  • Identifying gaps in CDD file documentation and ensuring this is gathered.
  • Ensuring that each client file has an accurate risk ranking.
  • Ensuring that client file records are maintained accurately and completely.
  • Preparing Client Escalations Forms for high risk clients.
  • Providing guidance to team members on completing the CDD process and the necessary information and documentation to obtain.
  • Managing relevant CDD registers including the counterparty database, the client parties database and the CDD refresh timetable.
  • Managing the CDD refresh process to ensure that files are reviewed on a timely basis.
  • Undertaking daily ongoing screening for adverse media, PEPs and sanctions.
  • Providing accurate and regular management information on CDD approvals and refresh.
  • Escalating concerns and suspicions arising during the course of the CDD process to the MLRO.
  • Undertaking certain financial crime monitoring and surveillance tasks as necessary.
  • Responsible for performing Communicate regularly with managers, sales people, and other designated contacts within the organisation.
  • Perform other duties and responsibilities, as assigned. General hours are 8:30 to 5:30, but should be flexible to work other hours or holidays, if required.
  • Promoting the compliance culture and control framework in relation to financial crime.

Qualifications:

  • A relevant university degree in Finance, Accounting or Economics or related discipline, or recognised professional or equivalent qualification, or qualified by experience.

Requirements:

  • 5+ years’ experience in CDD processes and controls including review of accounts at all risk levels, for example, complex organisation structures, hedge funds, trusts, SPVs and partnership.
  • AML Trade Surveillance Experience
  • Working knowledge of:
    • Relevant UK legislation and regulation including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“Money Laundering Regulations 2017”), Proceeds of Crime Act 2002, Terrorism Act 2000 & the Anti-terrorism, Crime and Security Act 2001, Counter-Terrorism Act 2008, Schedule 7, the Criminal Finances Act 2017, Financial Sanctions legislation and the JMLSG Guidance Notes;
    • BSA/AML Regulation, OFAC and USA Patriot Act of 2001;
    • CIP, KYC and client onboarding documentation.
  • Individual must be dependable, responsible, motivated and demonstrate the ability to be successful with minimal supervision. Must be highly organised and detail oriented.
  • Demonstrated ability to succeed during challenging circumstances, including strict deadlines and technical issues and maintain composure under pressure.
  • Candidate must possess strong customer relationship skills.
  • Experience of communicating and providing key metrics to senior management.
  • Ability to update policies and procedures.
  • Must possess problem solving ability, strong computer and communication skills.

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Protect Yourself from Recruitment Fraud. Recruitment fraud can be attempted through fake job postings, fake websites (posing as a Company) or unauthorized individuals impersonating recruiters (even using employee names). Depending on the role, Cowen will ask candidates to complete 2-4 interviews with Cowen employees before receiving an offer for employment. All communication regarding the interview process will come from an @cowen.com or @greenhouse.io email address. At no time throughout the hiring process will a Cowen recruiter or Human Resource Professional request any type of payment in order to be considered for the role. In addition, candidates will not be asked to submit personal information as a pre-requisite for the interview process.