Phillips66 - Financial Crime Analyst

To conduct Anti-Money laundering (‘AML’) and Know Your Customer (‘KYC’) activities on behalf of the Phillips 66 Commercial organization’s trading and non-trading operations in the UK, providing assurance to senior management that the requirements of our external financial regulators and law enforcement agencies are being met (such as the Financial Conduct Authority (‘FCA’) and the National Crime Agency (‘NCA’)). In addition, providing assurance that our business is conducted in accordance with the Phillips 66 corporate policies. This requires extensive dialogue with traders and business representatives and their business support teams, management, counterparties, regulatory authorities, law enforcement agencies and trade associations.

Responsibilities May Include

  • Conduct financial crime, sanctions and Politically Exposed Person (‘PEP’) reviews of potential new counterparties to ensure any relevant risks to Phillips 66 are identified and mitigated

  • Perform sanctions, PEP and financial crime reviews of existing external counterparties to update details and address any material changes in possible financial crime risk

  • Liaise with counterparties as necessary to obtain documentation relating to AML checks.

  • Research and analyse a large quantity of information, identifying areas of concern or red flags

  • Complete risk assessments at different levels of due diligence depending on their risk profile, which includes the analysis of your findings, any red flags and mitigation.

  • Assist with on-going monitoring of counterparties, for example investigating alerts from automated and semi-automated screening tools (such as Dow Jones Factiva and Refinitiv World-Check One) 

  • Work with the Director, Financial Crime to enhance the AML programme. Draft and update processes and procedures as required 

  • Ensure AML records are created and retained in the correct manner and meet all FCA retention requirements

  • Ad hoc advice and guidance to other business areas i.e. IT, Contracts Management, Marine


Critical Skills:

  • Minimum of three years relevant experience at either an oil firm, energy trading house or wholesale bank

  • Certification in AML such as Certified AML Specialist (CAMS), International Advance Certificate in Anti Money Laundering or equivalent

  • Knowledge of high-risk jurisdictions and related risks

  • Knowledge of complex structures, including trusts, SPVs and Stichtings and their associated documentary requirements

  • Knowledge of the risks of dealing with Politically Exposed Persons or their close associates

  • Knowledge of AML regulations inclusive of POCA, FCA, rules, JMLSG, guidelines and Money Laundering Regulations 2003, 2007 and 2017 

  • Strong written and oral communication skills 

Preferred Skills:

  • Experience of using World-Check One and Factiva

  • Proficient with MS Excel, Word and SharePoint

  • A strong team player able to work effectively in a team environment

  • Self-motivation with attention for detail; someone who can take the initiative when required

  • Demonstrated ability to effectively work independently, set priorities, meet deadlines and manage projects

  • Fluent in another language such as Spanish, French, Portuguese or Russian would be an advantage

To be considered:

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of  19 September 2019.