Financial Crime Operations Analyst - 6 Month Fixed Term Contract
- bath, england, United Kingdom
- Contract·On-site
- £42 - £62 Per Hour
Job Description
Wealthtime is an award-winning investment platform that helps advisers deliver the best outcomes for their clients, bringing together smart technology and expert support. In the last year, we’ve taken bold steps to future-proof our proposition, entering a strategic partnership with Wipro and strengthening our relationship with GBST. This 10-year partnership guarantees automatic annual upgrades ensuring we’re always on the very latest technology, enhanced functionality, improved security, and regulatory resilience.
With over £12 billion in assets under administration and a growing team of more than 100 professionals, we’re building something truly exceptional.
Our culture is driven by three core behaviours—Seek Opportunity, Nurture Each Other, and Simply Get Going—empowering our people to innovate, collaborate, and create meaningful impact every day.
Wealthtime is part of Quanta group, a next-generation financial services Group, providing a full wealth management service through three core businesses – Wealthtime, Copia Capital Management and Craven Street Wealth.
This role sits within the Financial Crime Operations Team. The Financial Crime Operations Analyst plays a crucial role in ensuring Wealthtime’s compliance with regulatory requirements by supporting Wealthtime’s first line of defence responsibilities. You will be instrumental in supporting the first-line function, helping to document and enforce compliance across the Business.
The role involves acting as a key point of contact for ensuring that relevant regulations are adhered to.
This role will be on an initial 6 month fixed term contract basis.
Key responsibilities:
Regulatory Compliance and Investigations
- Complete initial KYC & KYB checks on clients and advisers.
- Verify the legitimacy of Business entities by researching ownership structures, beneficial owners, and associated individuals.
- Execute rectification duties as needed, ensuring prompt and accurate resolution of issues.
Process Monitoring and Analysis
- Monitoring outcomes provided to Clients, ensuring adherence to established processes and identifying any potential risks.
- Assess outcomes across the distribution chain, escalating any instances of poor performance or non- compliance.
- Evaluate the fairness of value provided to customers by all participants in the distribution chain.
Fund Manager Due Diligence
- Manage requests from Fund Managers that are performing due diligence on Wealthtime.
- Collaborate with internal stakeholders to complete due diligence requests in a timely manner.
- Assist in the onboarding of new funds by providing SME support in relation to due diligence requirements.
MI Analysis and Reporting
- Analyse MI to monitor compliance with internal and regulatory requirements among Business partners.
- Conduct oversight reviews and quality assurance (QA) of outcomes delivered, ensuring consistency and high standards.
- Manage and deliver findings from assessments, including customer notifications where necessary.
Collaborations and Communication
- Serve pro-actively as a consumer advocate within the Business, ensuring customer-centric decision-making.
- Collaborate with external parties to understand and assist with change in Financial Crime and due diligence functions.
- Collaborate with compliance functions to maintain consistency in compliance messaging.
Given this is a new and evolving role, you will be required to undertake other activities and that fall within your capabilities as directed by management. As the role develops and is embedded, additional responsibilities may be required.
Specialist Skills, Qualifications and Experience:
Essential:
- An interest in developing a career in financial regulation and working knowledge of Consumer Duty.
- Data analysis skills with the ability to identify trends and insights from complex data sets.
- Proficiency in MS Excel and other MS Tools
- Strong attention to detail with the ability to work independently and under pressure to meet tight deadlines.
Desirable:
- Flexibility and strong prioritisation skills, allowing you to adapt to changing Business needs.
- Background in due diligence and/or data analysis, with involvement in oversight, onboarding or distributor-related activities.