Senior Analyst AML & Oversight

Location Manchester
Discipline: Internal
Job type: Permanent
Contact name: Karen Traynor

Contact email:
Job ref: 005622
Published: 28 days ago

Senior Analyst AML & Oversight





Hiring Manager is Karen Traynor


About the role:


To support the Head of AML Advice & Oversight in delivering expert AML/CTF and Financial Sanctions advice and guidance to key stakeholders within Co-op Bank by providing expert and pragmatic independent guidance, resulting in an effective second line of defence which supports the MLRO in meeting their SMF responsibilities.

To produce regular and detailed Quality Assurance/Oversight reporting derived from in-depth analysis of risk management information, and to influence 1st Line business areas to undertake appropriate remedial activity to effectively manage AML, Sanctions & CTF risks.

The role holder will be recognised as a subject matter expert (SME) for AML, Sanctions & CTF regulatory requirements and will be required to significantly influence key stakeholders in order to ensure that these are at the heart of the Bank. They must support the Head of AML Advice & Oversight by ensuring that any identified AML, Sanctions & CTF issues are mitigated in a timely manner, accurately reported upon and managed within defined risk appetite and policy.   


Key Accountabilities:  

Provide subject matter expertise, advice and challenge to the business with regards to AML, Sanctions & CTF regulatory risk, to ensure that        customer outcomes remain the key priority.  This includes contributing fully to the analysis of customer requirements and the identification        and development of appropriate AML, Sanctions & CTF solutions (systems and services) to meet their needs.

  Build and maintain relationships with key internal stakeholders across the business, helping to raise the profile of AML, Sanctions and CTF          across the whole of Co-op Bank. Key stakeholders include 1st Line Business Units, 1st Line Operational areas, 2nd Line Risk and Internal              Audit  (3rd Line of Defence).

Provide support, advice and challenge on all AML, Sanctions & CTF regulatory risk change initiatives, product launches and major process          changes, to ensure customer interests are protected at all times.

  Support key business areas responsible for the discharge of the Anti-Money Laundering policy.   

  Support Development, implementation, maintenance and embedding of AML, Sanctions & CTF Policy and Control Standards. 

  Support implementation and embedding the Risk Management Framework, by providing 2nd Line oversight and challenge on all AML,                  Sanctions & CTF regulatory risk activities across the business. This includes understanding emerging risks & issues and leading 2nd Line             activity designed to mitigate risks to within risk appetite. 

   Support the provision of regular and detailed reporting to senior management and relevant executive committees on AML, Sanctions and CTF risks/issues, along with performance of relevant systems and effectiveness of controls and adherence to regulatory requirements. This includes producing the initial drafts of the annual MLRO report. 

   Support the process associated with the acceptance of AML, Sanctions & CTF risks, including policy waivers & dispensations, ensuring that key stakeholders are aware of the actions required by them to manage the risk.   

What we would like you to have:

Subject matter expert in AML, Sanctions and CTF, including a deep technical understanding of FCA rules and JMLSG guidelines (Industry            guidance relating to money laundering)

        Relevant Financial Crime qualification or significant experience gained within a Financial Crime environment of a financial services                       institution

        In depth understanding of Co-op Bank’s Risk Management Framework and an ability to provide effective oversight and challenge 

        Previous experience within a financial institution involving both Retail and Business / Commercial customers

        Strong communication, influencing and stakeholder management skills 

        Ability to maintain a busy and diverse work schedule supporting a team involved in several concurrent projects / programmes 

        Able to plan and prioritise work effectively, to ensure the right outcomes are achieved within designated timescales 

        Sound knowledge of relevant company systems, procedures and able to provide relevant challenge in a persuasive way to mitigate any                risks 

        Able to prepare and write reports that measure the effectiveness of the controls operated by the 1st line, and the overall group                                performance against risk appetite

        Knowledge of industry developments in financial crime


We are only able to consider candidates with the right to work in the UK.


We look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life. If you have a disability as defined by the 2010 equality act please let us know on your application.


As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.


Please note we may withdraw this vacancy once sufficient applications have been reached.