Colin

Anti Money Laundering - New Account Sanctioner – Risk

I transferred from the RBS group to join the Anti Money Laundering & Fraud team of Adam & Company in November 2006.  The team is responsible for monitoring the AML/fraud prevention processes and procedures of Adam & Company, ensuring that anti money laundering guidelines are adhered to, and cases of potential and actual fraud are investigated and reported as appropriate.

I have a varied role, which primarily focuses on the account opening process. I am responsible for reviewing all new accounts prior to opening, and carrying out screening on all new clients; sample testing on accounts, ensuring that sufficient due diligence and Know Your Client information is held to meet company requirements. I also retain and monitor the completion of reports produced to identify suspicious or unusual transactions that may indicate potential money laundering or fraud. I also get involved in various ad-hoc activities, such as policy review and the production of management information.

What is a typical day like in your office?

Although I have various ongoing tasks, everyday is different. When I come in to the office, I have no idea of what challenges I may face throughout the day, whether it is a complex company structure to be reviewed, the investigation of an individual who is an exact match on the Sanctions & Terrorism Blacklist, or a series of unusual payments coming in to an account. There is never a dull moment, as even when the new accounts are quiet, I assist with projects and review new and existing policies, helping the business to improve and streamline its processes.

What do you like most about working for Adam & Company?

There is a great working atmosphere and, as a relatively small company, every department regularly interacts and works closely together to achieve the best for the business. When this is coupled with the benefits of working for the RBS group such as pension benefits, job security and career opportunities, Adam & Company is an excellent place to work.

The close-knit community within the company means that I always feel my input is valued, and I am actively encouraged to develop my skills to enable me to further my career. I would recommend anyone to consider a role within Adam & Company. There is a relaxed and enjoyable working environment where all staff are treated with respect and professionalism.