AML Periodic Review Analyst - Contract

Title - AML Periodic Review Analyst

Role Type - Temporary Contract

Temporary Term - 3 months + Rollovers

Location - Central London, Mayfair Postcode W1H - Close to Marble Arch/Bond Street stations

Hybrid - 4 days in office, one home (laptop provided)

Start Date - Immediate March/April latest

Mandatory - To apply you must have a recognised UK AML certification (ICA, ACAMS, CAMS, CISI)

Paid Weekly - No umbrella option, PAYE setup only

Role Overview

The AML Periodic Review Analyst supports the Bank's AML compliance programme by carrying out scheduled periodic reviews of customer files across Retail and Private Banking. The role ensures customer information is accurate, due diligence standards are met, and financial crime risks are identified and escalated. This is a hands-on, detail-driven, process-oriented role requiring comfort with both manual and system-based work, and strong collaboration with relationship and internal stakeholders.

Daily Duties

• Carry out periodic reviews of customer files according to assigned risk levels (High - annual, Medium - every 3 years, Low - every 5 years), covering both Retail and Private Banking individual & corporate customers.

• Conduct and document Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for higher-risk customers.

• Review client transactional activity to ensure it aligns with the customer's stated account

purpose and expected behaviour.

• Identify and escalate gaps in documentation, missing KYC information, or other AML-related concerns.

• Perform World Check and Adverse Media screening; understand and summarise any relevant findings to support further review or escalation.

• Ensure customer information is accurately reflected in the Bank's records and systems (e.g.,

Equation/DMS), submitting required updates via the Control Unit.

• Assist in monitoring and updating client risk ratings based on review findings and in line with internal policies & regulatory AML guidelines.

• Maintain clear and accurate records of reviews performed, including outcomes, documentation reviewed, and actions taken.

• Prepare and submit summary statistics on work completed and outstanding, as required.

• Support the PRTL and periodic review team in meeting regulatory and internal deadlines.

Confidential

• Build and maintain effective working relationships with internal stakeholders and cross-functional teams.

• Raising a Suspicious Activity Report (SAR) in line with internal procedures where client activity appears suspicious or potentially linked to financial crime.

Essential Experience & Quals & Competencies

• Mandatory AML certification (e.g., ICA Certificate, ICA Advanced Certificate, ACAMS, or equivalent).

• Experience conducting AML reviews (CDD/EDD) within Financial Services.

• Comfortable with manual processes, document-heavy workflows, structured queues, and process-driven tasks.

• Strong capability using Excel (filtering, sorting and basic formulas).

• Understanding of corporate structures (corporates, trusts, SPVs).

• Working knowledge of AML regulations (FATF, JMLSG, FCA, MLRs).

• Proficiency with Microsoft Office applications.

• High attention to detail and accuracy.

• Strong organisational and time-management skills.

• Clear, confident communication with stakeholders.

• Team-oriented, adaptable, and proactive.

• Ability to work at pace and manage competing priorities.

• Comfortable "rolling up sleeves" and working through manual processes and a team player.