Financial Crime Analyst

Job content

Phillips 66 & YOU - Together we can fuel the future

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence. Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2021.

Basic Function

To conduct Anti-Money laundering (‘AML’) and Know Your Customer (‘KYC’) activities on behalf of the Phillips 66 Commercial organization’s operations in the UK (both our trading floor as well as our marine and marketing operations) and 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 and counterparties.

Primary Accountabilities/Responsibilities

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

Conduct sanctions, PEP and financial crime 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 certain existing external counterparties to update details and address any material changes in possible financial crime risk.

Act as a QA function when needed for KYC reviews.

Assist with on-going monitoring of counterparties, for example investigating alerts from automated and semi-automated screening tools in Refinitiv World-Check and responding to queries from the Business Compliance Monitoring Analyst.

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. Contracts Management, Marine and Marketing.

Critical Skills/Leadership Criteria

Required:
Hold the legal right to live and work in the UK on a permanent basis without restrictions or meet the relevant criteria for employer sponsorship under the UK points-based immigration system.

Minimum of three years’ experience of conducting KYC/CDD due diligence and risk assessment

Good analytical skills, with an eye for detail

Ability to multitask and manage multiple priorities

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

Self-motivated and someone who can take the initiative when required

Preferred:
Knowledge of AML regulations inclusive of POCA, FCA rules, JMLSG, guidelines and the UK Money Laundering & Terrorist Financing Regulations

Experience of using Refinitiv World-Check One

Knowledge of multiple legal entity structure types and associated documentary requirements.

Proficient with MS Office tools: Excel, Word, Access and SharePoint.

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

Strong written and oral communication skills

Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.

Other markets served are aviation, marine and LPG. JET supplies some of the UK’s growing secondary airports using owned and shared refuelling tankers and storage, and delivers to airlines through contracted refuelling operations. Marine markets are served using contracted vehicles, as is the LPG business.

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 Thursday 1 7th February 2022.

Phillips 66 is an Equal Opportunity Employer

Requisition ID: 55541

Location: GBR - London

Job Field: Legal

Division : Legal - International

Technical Req : No