Role Purpose:

The Senior C&R AML Analyst is responsible for ensuring the business complies with all applicable anti money laundering (AML) legislation, other regulatory requirements and Travelex’s internal standards. The Senior C&R AML Analyst will work closely with the Money Laundering Reporting Officer (MLRO), investigating suspicious activity in accordance with the company’s and regulatory principles and report to the MLRO. The Senior C&R AML Analyst will specifically be responsible for ensuring robust AML controls within our UK retail business.

The role will be required to conduct financial crime risk assessment for not only customers but also products and projects, monitor pre-set levels and parameters related to customer transactions, manage alerts and cases from compliance systems and tools, and identify behaviors that deviate from the norm to escalate suspicions as required. They will also be required to investigate and analyse suspicious activity reports and make recommendations on what action is required for the compliance operation team and junior analysts.

Key Accountabilities :

• Ensure adequate AML checks are completed for all transactions utilising the tools and systems available at Travelex and ensuring adherence to standards set takes place.

• Analyse Transaction Monitoring alerts to establish instances and sources of attempted financial crime and report to the relevant bodies, such as the National Crime Agency (NCA), on the supervision of the DMLRO/MLRO.

• Receive and review reports from the business and then gather information and supporting documentation to determine any required next steps if suspicious activity apparent during the review of a referral submit a Suspicious Activity Report (SAR).

• Manage compliance alerts and cases within the SLA’s and timeframes required.

• Monitor the compliance of business operations with AML regulations including training statistics and error rates.

• Identify, review and escalate any potential PEPs and Sanctions matches to the MLRO and senior management and take appropriate action.

• Investigate and respond to Law Enforcement and third party request in compliance with all applicable Data Privacy laws and regulations.

• Review and update internal AML documents, such as financial crime risk assessments, policies, processes and procedures, following regulatory updates and new business requirements to ensure compliance with all applicable requirements.

• Produce meaningful Management Information reports for the MLRO and senior management, collating relevant information and data as per the company’s and regulatory requirements.

• Support the team and junior analysts to analyse data, using experience to guide on regulatory understanding and identify sources of attempted money laundering.

• Keep up to date with regulatory changes, making recommendations of process improvement to the MLRO, this could include amendments of the standard operating procedures & transaction monitoring rules.

• Provide further analysis and recommendations regarding high value and higher risk customers, such as politically exposed person (PEPs), for the MLRO and senior management’s final sign off.

Knowledge and Skills:

Essential

• AML experience and/ or knowledge applicable to financial services including Accreditation, Sanction and PEP screening, Transaction Monitoring, Suspicious Activity Reporting.

• Understanding of financial crime risk management processes & procedures

• Have the ability to approach problems in a thorough and logical manner

• Previous experience of Accreditation, Sanction screening, Transaction Monitoring, Suspicious Activity Reporting, Customer Due Diligence and all other AML related activity.

• Case management, resolution and communication

• Ability to translate research and analysis into well-reasoned recommendations that inform the decision making process

• Excellent communication and analytical skills

• Able to present solutions and influence final decision of line manager and key stakeholders

• Intermediary to Advanced Excel skills

• A committed team player

• Manages and plans own workload

Desirable

• AML qualification such as ICA certification or similar

• Previous experience in policy writing

• Previous experience in process / procedure writing

• Risk Management experience