Financial Crime Analyst - 6 month FTC

Who are we?

Lumon is a leading foreign exchange and international payments company that enables effortless overseas payments by uniting people, technology & expertise. We are passionate about what we do, as we believe helping people achieve their goals is more valuable than just moving their money.

Life at Lumon

People are always at the heart of what we do, no matter if it’s our clients, our community or our Lumoneer's. To give you a little flavour of what we mean…

We are a proud charity partner of Future First who support children in schools across the UK. We are a carbon neutral business. We are committed to Equity, Diversity and Inclusion; our EDI committee serves an important role at Lumon by challenging the status quo and helping us move the needle.

We really want to make Lumon a great place to work, where people feel comfortable being themselves and where we can attract as much diversity as we possibly can.

If this sounds good to you, then we’re thrilled you’re considering joining our team!

Role purpose:

As a Financial Crime Analyst, the successful candidate will be a key control to protect against money laundering, terrorist financing and fraud. Analysing and investigating alerts relating to private and corporate customer activity and assisting the team with KYC corporate refreshes. This is a 6 month FTC.

What you’ll be doing day to day:

• Monitoring the transaction monitoring systems and queues for alerts on a regular basis throughout the working day, ensuring team leaders are aware of outstanding alerts at the end of each day.
• Conducting Enhanced Due Diligence on clients and transactions.
• Reviewing customer activity on a periodic and event-driven basis.
• Where there are grounds for suspicion, escalating concerns through filing internal SAR reports.
• Engaging with relevant stakeholders including front-office relationship managers.
• Creating and maintaining accurate and concise records of all investigations undertaken including details on the rationale for any decisions made.
• Providing advice and support to the wider business on the identification of areas of risk or new trends/typologies because of transaction monitoring activities.
• Perform CDD/EDD on both new and existing engagements (ongoing due diligence) for our Corporate book
• Retrospective file reviews in order to “refresh” client engagements
• Screening – Sanctions, PEPs and Adverse Media
• Review of queries and requests for information from Banks, escalating suspicions where applicable.
• Remaining abreast of UK legislation and regulatory change

Qualification and skills

• 2+ years in CDD/EDD of Corporate structures (including but not limited to Trusts, Funds & Charities) within a FCA or EU regulated financial services/payments business’

• 2+ years performing transaction monitoring within a regulated financial institution

• Practical knowledge of JMLSG, the Money Laundering Regulations and Sanctions

• Knowledge of Comply Advantage or other transaction monitoring systems advantageous but not essential

• Strong grasp of complex engagements and ownership structures

• Relevant Professional qualification desirable e.g., ICA, ACAMs

• Analytical problem-solver with a passion for lateral thinking

• An excellent communicator and ability to multitask within a fast-paced environment

• Remains calm under pressure with the ability to prioritise and manage upwards

• Robust communication, organisation and time management skills

What you'll get?

• A competitive salary
• 25 days Annual leave, with a chance to purchase up to 5 additional days’
• Birthday day off
• Free monthly company lunches
• Summer and Christmas parties, and other fun social events throughout the year
• Access to Pirkx benefits platform which includes online GP, cashback and discounts on shopping and restaurants, gym discounts and more!
• Medicash health scheme for you and your family
• Cycle to work scheme
• Quiet/Prayer room in Head Office
• Employee Assistance Programme
• Mental Health First Aiders
• Pension
• 4x Life Assurance
• Ongoing training and development
• Enhanced maternity leave
• Menopause support
• 2 additional days a year for ‘Moments that Matter

Lumon is proud to be an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, sexual orientation, age, marital status, disability, or gender identity.

If you consider yourself to have a disability or require any reasonable adjustment during the recruitment process or within the workplace, please highlight this at the earliest opportunity, we will provide appropriate support to you throughout the process.