Financial Crime Risk Associate

Responsibilities of the Candidate: Support with day to day Enhance Due Diligence (EDD)/Exits initiatives including processing, reviewing, reporting, trading, and issue resolution. Execution of EDD reviews on high-risk customers to maintain compliance with regulatory requirements and policies. Execution of exit reviews on customers who are having their accounts closed to mitigate risk, aligned to compliance and internal policy. Collaboration with teams across the bank to align and integrate EDD and exit processes. Identification of areas for improvement and providing recommendations for change in EDD and exit processes. Development and implementation of Issue resolutions relating to any inefficient controls . Development of reports and presentations on EDD and exit performance and communicate findings to internal senior stakeholders. Participation in projects and initiatives to improve EDD and exit efficiency and effectiveness. Requirements: Conduct thorough due diligence to identify PEPs, their family members, and close associates as part of the client onboarding process or periodic reviews. Assess and monitor high-risk individuals or entities across all business lines and ensure comprehensive records are maintained. Utilize external databases, watchlists, and other sources to identify PEPs and high-risk clients. Perform EDD on PEPs and high-risk clients, including gathering, analyzing, and verifying information about the client's background, sources of wealth, business activities, and other risk factors. Analyze and assess potential money laundering, terrorist financing, and other financial crime risks associated with PEPs and high-risk clients. Prepare risk assessments and provide recommendations on how to mitigate or manage risks within the organization's risk tolerance.

A British multinational investment bank and financial services company, Barclays PLC's ancestry traces back to two goldsmith bankers, John Freame and Thomas Gould, who were doing business in Lombard Street, London in 1690. James Barclay, after whom the Bank is named, became a partner in the busin...