Financial Crime Analyst

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

You will be working within the expanding second line Compliance Department, as part of Financial Crime Compliance team, reporting into the Financial Crime Manager for the Fiduciary and Regulated Sectors. You will be part of a core team responsible for successfully delivering second line of defence oversight and advisory within the Bank together with Financial Crime and Compliance colleagues.

Role Description

As a 2LOD Financial Crime Analyst focusing on clients within the Fiduciary and Regulated Sectors, you will be responsible for updating and enhancing (on an ongoing basis) the newly formed policies and procedures for this client segment. In addition, the role requires working directly with clients and performing reviews on their financial crime control environment, which is the form of EDD and enhanced monitoring that Allica performs for the clients in these sectors.

Fiduciary sector currently covers the following client types:

• Self-Investment Pension Plan (“SIPP”)

• Small, self-administered pension schemes (“SSAS”)

• Investment Firms providing custody, payment execution and wealth management services for corporate clients

• Client Money Accounts (Lawyers & SRA supervised / CASS 7 / Other Regulated firms and Client Money Protection Schemes)

• Insolvency Practitioners

• Corporate trusts (Employee Benefit Scheme / Death in Service / Discretionary trusts generally / Discretionary fund manager)

• Regulated Sector covers entities that are regulated by the FCA

Principal Accountabilities

• Enhance to the financial crime risk management controls and procedures for customers in the Fiduciary and Regulated Sectors

• The review, enhancement and, where needed, development of related policy, risk appetite, customer due diligence standards and minimum on-boarding requirements, and the related procedures and processes for the above areas

• Work closely with product and relationship teams (including digital operations who own onboarding processes) to develop and embed appropriate processes for the above listed clients

• Work closely with the CDD team for the above customers to ensure the correct policies and procedures are in place

• Review and enhancement of the customer on-boarding journey to meet the requirements defined above

• Design and review of relevant transaction monitoring scenarios and rule sets for the above sectors

• Support the overall strategic direction of the business and make a significant contribution to the bank’s commercial success, while always promoting the company’s values

• Operate as a key Financial Crime Subject Matter Expert for the Bank

• Influence the culture within the business, to deliver fair treatment of customers and good customer outcomes

Personal Attributes & Experience

• Significant level of relevant experience working within a FinTech digital bank, UK bank or regulatory body

• Technical understanding of UK banking regulations

• Have a methodical and organised approach to tasks, with the ability to manage your time and deliver projects within the deadline set

• Able to manage multiple projects at once and the flexibility to react to changing demands

• Excellent written and verbal communication skills and the ability to translate complex regulation into business requirements

• Strong investigation skills, able to clearly document findings with evidence in support

• A ‘can-do’ attitude; the successful candidate will be required to roll up their sleeves and tackle projects potentially outside their comfort zone

• Proven experience working collaboratively and effectively with multiple stakeholders in multiple lines of defence

• Previous experience of developing and maintaining good working relationships with multiple teams across the business

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.