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IBM Financial Crime Associate - Promontory in London, United Kingdom


Promontory is a premier strategic, compliance and risk consulting firm operating as a unit within IBM Global Business Services. Our senior professionals have served as partners of top consultancies and law firms, leaders of financial regulators and global financial institutions. We are often engaged by the board or senior executives to assist with their most pressing, sensitive, and complex assignments. With Promontory and IBM offices located around the world we serve clients wherever their needs arise.

We have one purpose; to be a Trusted Partner. Through our values of Superior Expertise, Innovative Solutions and Collaborative Community we seek to provide our clients with solutions to their wide variety of complex problems. Across the business our consultants have a unique blend of legal, regulatory, and management expertise and we are looking to add further experience to our Financial Crime team.

Our team specialising in Financial Crime works across a wide variety of clients assisting in the development and execution of a wide range of financial crime related topics including Anti-Money-Laundering, Sanctions and Anti-Bribery and Corruption.

Your Role and Responsibilities

Within your role as an Associate at Promontory you will:

  • Be a key member of the team working on engagements for clients delivering exceptional regulatory and risk advice.

  • Lead a team of analysts to complete elements of client projects and assignments across multiple workstreams.

  • Assist in drafting, revising and presenting client deliverables-including reports, correspondence, presentations, and written tools such as policies and templates.

  • Review client written materials, such as policies, procedures, and governance artefacts or such as customer onboarding documents or sales records. Your analysis will draw on your knowledge and experience of UK Financial Crime regulatory requirements.

  • Interpret data to support our review of client processes. In your analysis and interpretation, you will draw on your knowledge and experience of practices at other regulated firms you have dealt with.

  • Support senior stakeholders on larger client projects as and when required.

  • Participate in client meetings, such as interviews or presentations, which often include senior executives or directors of the client. You will rely on your understanding of current regulatory priorities and standards to help you follow and interpret what the interviewers and interviewees say.

  • Plan projects, track team progress on projects and report on project progress to senior managers.

  • Play a hands-on role in business development by helping to draft proposals and participating in meetings with current or potential clients.

  • Take an active role in knowledge sharing, thought leadership and practice development to ensure the practice remains abreast of emerging trends and business opportunities.

  • Travel as required to client sites in the UK and internationally (depending on COVID-19 restrictions and remote working policies). Time spent travelling varies depending upon the project.

  • Perform additional duties as assigned.

Required Technical and Professional Expertise

  • Prior experience working in a financial crime compliance and/or advisory role, ideally within the Banking sector.

  • Strong working knowledge of the UK anti-money laundering regulations and associated regulatory and industry guidance.

  • Working knowledge and awareness of other relevant anti-financial crime laws and regulations such as Sanctions and Terrorist Financing.

  • Additional working knowledge and understanding of UK regulatory requirements in relation to Fraud Risk Management and/or Bribery and Corruption, ideally in the Banking sector.

  • Good understanding of specific focus areas, e.g. payment screening, transaction monitoring and governance & reporting.

  • Basic level of product knowledge relevant to retail or wholesale banking sectors.

  • Superior writing and editing skills with the ability to construct well-founded, clear, and concise analyses and recommendations.

  • Strong attention to detail and analytical skills.

  • Highly motivated, with a proven ability to work on own initiative within a fast-paced, high pressure work environment.

  • Ability to handle complex information, solve problems, and manage multiple tasks.

  • Aptitude to execute engagement deliverables autonomously.

  • Ability to work effectively within a team, coordinating work with colleagues and managing and guiding junior team members.

  • Effective communication skills and positive relationships with clients and internally, at all levels of the organisation.

  • Strong skills in word, excel, and PowerPoint.

  • Strong reputation for integrity and ethics.

Preferred Technical and Professional Expertise

  • Additional experience in other financial institutions such as Asset Management or Insurance

  • Some knowledge of other regulations, such as the Senior Managers Regime, MAR and Conduct Risk

  • A relevant qualification in financial crime risk management (for example ACAMS or International Compliance Association certificate and/or diploma)

  • Technical expertise and experience in broader compliance, risk management, corporate governance, accounting, or legal or regulatory issues

Candidates must be eligible to work in the UK

About Business UnitIBM Services is a team of business, strategy and technology consultants that design, build, and run foundational systems and services that is the backbone of the world's economy. IBM Services partners with the world's leading companies in over 170 countries to build smarter businesses by reimagining and reinventing through technology, with its outcome-focused methodologies, industry-leading portfolio and world class research and operations expertise leading to results-driven innovation and enduring excellence.

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