Financial Crime Risk Analyst - Periodic Review - Risk Management - Permanent - Newcastle

L1 Role – Financial Crime Risk Analyst – Periodic Review - Risk Management – Permanent – Newcastle

Within the professional services environment, the application of risk management procedures is fundamental to the successful delivery of our client services and promotion of our brand.   

At Ernst Young (EY), Risk Managers (RMs) promote and support risk management within the business.  RMs aim is to uphold our business standards, maintain and enhance the value of the firm, and ensure that EY UK, its Partners, and staff comply with regulations imposed either by external regulators or by Ernst & Young Global in relation to the conduct of our business. 

Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-bribery controls, sanctions compliance and fraud are a high focus for regulated businesses and external scrutiny as regulation and practice continues to evolve. As a result, EY has established a new team to perform periodic review of clients.  The role will sit within the Newcastle Client Due Diligence (CDD) team which supports financial crime compliance with respect to client periodic reviews.

The opportunity 

An opportunity has come up for a CDD Analyst role in Newcastle. The main purpose of the role is to ensure the firm’s compliance with applicable AML legislation by performing compliance related processes and performing periodic reviews and financial crime due diligence checks on existing clients of EY. The successful candidate will perform AML/CDD due diligence on existing clients by performing public resource research to gather KYC information, perform screening for PEP, Sanctions and adverse media, appropriately assess risks and determine if a referral to the 2nd line Financial Crime Team is required, or if appropriate, liaise with client engagement teams to source additional documentation. The successful candidate will demonstrate consideration of compliance, the firm’s reputation, and safeguarding EY against any associated risks. 

Your key responsibilities 

You will, as an Analyst, be a key part of a Periodic Review Team, performing client due diligence on existing clients of EY covering money laundering, terrorism, and sanctions compliance. The work involves all first line financial crime client acceptance and continuance procedures for the UK business. Responsibilities include:

Responsibilities include:

• Review of existing client profiles to ensure that it is compliant with the relevant regulations, policies and procedures. 
• Performing public and behind paywall resources research to identify and verify KYC information on clients and related parties. 
• Liaise with the relevant client engagement team to obtain information required to complete client due diligence from client that are not available publicly. 
• Perform screening to identify PEP, Sanctions and adverse media.
• Perform risk-based client due diligence on existing clients of the Firm in accordance with EY policy and procedure.
• Manage personal workloads to ensure queues of work are dealt with in a timely manner.
• Encourage client facing staff to engage with the Central CDD Team. 
• Provide timely updates to stakeholders regarding the progress.
• Other tasks, as directed by the Team manager and Central CDD Team Senior Manager

Skills and attributes for success 

• Strong communication skills capable of dealing with wide range of staff, including Partners. 
• Ability to establish and maintain a high degree of confidentiality and credibility at all levels. 
• Strong team player and proven ability to work with others. 
• Ability to make risk-based decisions whilst adhering to Regulations.
• Is comfortable with change, ambiguity, debate and managing multiple stakeholders.  
• Ability to solve problems creatively and effectively. 
• Enthusiastic, positive, and resilient. 
• Ability to work well under pressure and to tight deadlines in a fast-paced demanding environment. 
• Maintains high levels of accuracy and attention to detail. 

To qualify for the role, you must have:  

• A basic understanding of Anti Money Laundering legislations.
• An awareness of recent global events linked to financial crime and sanctions.
• Previous experience within a regulatory or professional services environment including any work placements would be an advantage. 
• GCSE Maths & English or equivalent.

What working at EY offers  

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings, and a wide range of discounts, offers and promotions. Plus, we offer:

• Support and coaching from some of the most engaging colleagues around 
• Opportunities to develop new skills and progress your career. 
• The freedom and flexibility to handle your role in a way that’s right for you. 

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance. 

About EY 

As a global leader in assurance, tax, transaction, and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities, and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible. 

Join us in building a better working world.    

Apply now.