About Us

BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.

We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.

Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.

Additional Info

• Hybrid Working: 3 days onsite, 2 from home
• Location: City of London
• Contract Type: Permanent

Job Summary

Financial Crime Operations Associate (L1 & L2) has is responsible for conducting due diligence on all transactions referred to FCO either systematically or manually. The Associate is responsible for reviewing behavioural and transactional activities and is required to analyse such information, ensuring efficient identification of suspicious activities and/or transactions. The Associate is also required to ensure due diligence is conducted in line with the requirements of the Bank Policies and the UK regulatory authorities in the prevention of financial Crime and anti-money laundering.

CTDD Associate L2 has the additional responsibility of final release of transactions across business lines and products as directed by management.

Key Work Outputs and Accountabilities

• Conduct in-depth analysis and investigation of all transactions referred to FCO either through automated system or manual processes from any area within the Bank
• Conduct in-depth analysis and investigation of all system-generated alerts
• Participate in the day to day tasks relating to the banks sanctions systems including checking and maintenance of filter logs, and sanctions screening lists maintenance as directed
• Participate in departmental and Financial Crime projects and initiatives as directed
• Take ownership of individual alert cases using appropriate case management tools and techniques to progress in order to meet timescales for alert investigation process
• Investigate, review and refer where appropriate any transaction monitoring and sanctions related alerts.
• Ensure proper investigation of suspicious transactions or money laundering alerts
• Obtain documentary evidence of all investigations and ensure effective record keeping
• Obtain documentary evidence of suspicious transactions and ensure effective record keeping of identification, and escalation as appropriate in line with departmental procedures
• Adhering to the banks policies and procedures
• Actively promoting and maintaining good relationships with all clients and counter parties, representing the bank in a professional and positive manner
• Ensure all issues and escalations are resolved in a timely and efficient manner in line with the banks policies and procedures
• Carry out monthly, quarterly, or as and when needed reconciliation of the banks internal screening lists as directed
• Assist with the preparation of and distribution of Management Information Reporting

Required Qualifications and Experience

• Knowledge of the UK anti-money laundering and financial crime regulatory framework (essential)
• Minimum two years’ experience in a transactional due diligence and/or sanction screening department (essential)
• Minimum two years at an Associate L1 with good product and business knowledge to be considered for L2 (essential)
• Experience in Trade Finance and/or Banking Services (payments) (desirable)
• Experience in working with African and/or Middle Eastern markets (desirable)
• Ability to research, investigate and analyse (essential)
• Good communication (verbal/written) and analytical skills
• Ability to identify and mitigate risks (essential)
• Demonstrates a good level of understanding of the due diligence process and triggers for enhanced due diligence
• ICA Certificate in Trade Based Money Laundering Red Flags, Managing Sanction Risk or Money Laundering Risk in Correspondent Banking (desirable)
• Able to work independently and effectively within a team environment