Regulatory Risk Mitigator

17 hours ago


London, Greater London, United Kingdom Avara Full time
Responsibilities
  • Complete know-your-customer (KYC) and enhanced due diligence (EDD) checks on customers, partners, and third-party service providers.
  • Ensure the effectiveness of transaction monitoring systems and make recommendations for enhancements based on emerging threats and business changes.
  • Conduct periodic financial crime risk assessments of our regulated business.
  • Advise the team on financial crime issues and assist in the development of strategies to mitigate inherent risks.
  • Provide training and ongoing support to frontline staff to raise awareness of financial crime risks and ensure understanding of their responsibilities in detecting and reporting suspicious activities.
  • Develop and maintain compliance policies, procedures, and controls that meet or exceed regulatory requirements and best practice.
  • Support the business with the design and launch of new features, products, and/or markets to ensure all legal and regulatory requirements are met.
  • Monitor compliance with relevant regulations and internal policies.
  • Keep up-to-date with regulatory, industry, and technology changes to help identify areas of improvement to increase efficiency and ongoing effectiveness.


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