AML Analyst

Company Paddy Power
Reference 524106165
Sector Other
Town/City London
Locations UK, London
Job Type Freelance/Supply
Date Posted 22nd Sep

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Job Description

Anti-Money Laundering Analyst

About Us

In February 2016, Paddy Power and Betfair merged to form one of the largest online betting operators in the world: Paddy Power Betfair plc. The merger propelled the enlarged group into the FTSE 50.

The Paddy Power brand boasts an international multi-channel betting and gaming group. The Paddy Power brand is widely seen as one of the most distinctive consumer brands in Europe. The Betfair brand is famous for Innovation. Betfair pioneered the betting exchange in 2000 - a product which altered the landscape of the sports betting industry.

The Team

Part of Risk Function, the Anti-Money Laundering team plays a vital role in preventing the increasingly sophisticated money launderer or terrorist financier from using PPB as a vehicle to launder money.

This team is responsible for monitoring all financial transactions and activity on PPB's betting products including its betting exchange, Sportsbook and Gaming to ensure that markets are being used in a fair manner.

Role Summary

The role will involve utilising a number of detection and investigation techniques in-order to identify high risk accounts, detect unusual activity, investigate and ensure that statutory and regulatory requirements are met.

As part of this role, the successful candidate may be required to undertake some additional tasks as the business requires. The role requires liaising with other business areas, law enforcement, regulatory bodies and AML departments at other institutions.

Key Responsibilities

  • Manage and develop daily reports monitoring transactions for unusual or suspicious activity in relation to financial or betting activity.

  • Assist the enhancement and development of the Group Financial Crime Compliance Framework

  • Receive internal suspicious activity reports, record and investigate possible instances of money laundering.

  • Carry out analysis and full investigatory casework in support of investigations; preparing necessary reports and information for relevant Financial Intelligence Units, law enforcement organisations, MOU partners or sports governing bodies.

  • Submitting reports to the MLRO/DMLRO for review in order that timely reports are made to the relevant FIU's

  • Work closely with payments, customer registrations/verification (KYC), fraud, VIP, Premium and other key stakeholders as part of the investigative process or to provide specialist advice.

  • Liaise with customer service team to handle communication with account holders.

  • Respond to law enforcement requests, orders and warrants, prepare statements and attend court or other relevant proceedings where required.

  • Identify, review and escalate findings regarding high value and higher risk customers such as politically exposed persons (PEP's), negative media alerts

  • Maintain an awareness of developments regarding investigative technologies and techniques which would support new ways of detecting and exploring activity of interest.

  • Understanding different AML regulatory requirements in jurisdictions where PPB is licenced and regulated in.

  • Maintain learning of both local and global AML policy, therefore enabling you to contribute to debate to ensure that PPB's policies and procedures meet local and global anti-money laundering standards.

  • Support relationship building with regulatory bodies and law enforcement.

  • Liaise with Legal, Regulatory Affairs and Compliance team as and when required.

Essential Skills & Experience

  • Must be a team player but also demonstrate an ability to work on their own.

  • Prior experience in analytical role and the ability to demonstrate strong data interpretation capabilities with logic/analytical skills and excellent attention to detail.

  • Able to accept responsibility and make decisions.

  • Experience of external and internal stakeholder management.

  • Good understanding of databases and generally good IT skills.

Desirable Skills & Experience

  • Professional AML qualification - ICA or similar

  • A strong understanding of money laundering and threats to PPB and betting/gaming industry.

  • Strong understanding of the European Money Laundering directives.

  • A strong academic record in a relevant discipline, preferably at degree level.

  • Project management and business process improvement experience.

  • Strong communication skills, both oral and written.

Paddy Power Betfair plc is an international sports betting and gaming operator, with a market-leading presence in the UK, Ireland, Australia and the USA, as well as a range of operations across Europe including Romania, Portugal and Malta.

We operate five sports betting and gaming brands; Paddy Power, Betfair, Sportsbet, FanDuel and TVG. We are online-led, mobile-led and sports-led: and our proprietary technology, unique products and innovative marketing all combine to offer a superb experience to our five million customers worldwide.

Our spirit, talent and ambition has taken us into the FTSE 100 index of the London Stock Exchange and we now employ over 7,000 people in sixteen locations across the globe; from Dublin to Los Angeles, and London to Melbourne. Our culture rewards innovation, teamwork and we like to stay fast-moving in a dynamic industry.


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