Compliance Officer

Are you ready to make a difference in ensuring regulatory adherence within a dynamic environment? Do you thrive in a fast-paced workplace where every day brings new challenges? Look no further! We're seeking a talented Compliance Officer to join our vibrant team in Lozells, Birmingham.
As a Compliance Officer, you will be responsible for analysing the BRAC Saajan Transaction Monitoring (TM) Queue investigations, which are automatically referred to by the BRAC Saajan REMIT system. Upon analysis, you'll determine the next course of action, potentially including escalation to the MLRO. You will periodically review security queue decisions from the customer services REMIT queue on a sampling basis to ensure acceptable reasoning for clearance, particularly concerning Sanctions & PEP screening results. You will conduct manual screening for Enhanced Due Diligence through DOW JONES Financial Crime portal. You will also be providing Agent Onboarding assistance involves performing due diligence on information collected and submitted by Sales, including PEP, adverse media, and sanctions checks. You're also responsible for updating REMIT risk assessments for Agents, conducting AML and other MI dashboard analysis from REMIT, and generating Monthly Reports for the MLRO. It's crucial that you report any suspicious or unusual activity by Agents, customers, or staff to the MLRO via iUSARs or face-to-face discussion.
Hours of Work:
Monday to Friday 9am until 6pm (45 minutes unpaid lunch break)
Salary:
£25,000 to £30,000 gross per annum (Depending on Experience)
Compliance Officer Requirements:
A minimum of 3 years experience in a financial crime position relevant to the job description in relevant field, i.e. bank and or financial institution
Excellent computer, communication skills and interpersonal skills, and able to work as a team player
Enthusiastic and quick learner
A good awareness of anti-money laundering & terrorist financing regulations
A good understanding of the concept of investigations and the ability to demonstrate/explain this if selected for interview
Ability to multi-task, prioritise and manage time effectively
Compliance Officer Opportunities:
Exceptional candidates demonstrating a strong work ethic, have the exciting potential to advance within our compliance team, with the opportunity to transition into a more senior role in the future.
Meet the Organisation: Who We Are and What We Do
BRAC Saajan Exchange Ltd (BSEL), a subsidiary of BRAC Bank Limited, is incorporated in England and Wales, and provides money transfer service from residents in UK, predominantly the Bangladeshi community, to Residents of Bangladesh. The money transfer sector is a highly regulated and competitive sector. It is absolutely vital for us to provide a service that is 100% compliant.
Ready to take on the thrilling challenge of our Compliance Officer role? Don't wait any longerapply now!
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