Compliance, Financial Crime and Risk

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Head of Financial Crime and MLRO

Salary: up to £150,000 - London

Job description

Our client is a boutique retail bank who are looking for a Head of Financial Crime to manage a team of 5. As Head of Financial Crime and MLRO you will be responsible for designing and monitoring internal AML procedures and policies related to record keeping, reporting, risk assessment, customer due diligence measures and management control systems.

 

You will also be responsible for organising and arranging training for the staff on anti-money laundering procedures. The post also involves receiving internal disclosures of suspected money laundering or terrorist financing activities and deciding whether or not there is sufficient evidence to warrent a disclosure to the relevant authority.

 

Accountabilities:

  • implement the annual AML plan and perform the relevant quality asurance checks to ensure adherence
  • address issues relating to transaction monitoring, filtering and sanctions
  • research and understand changes in regulation and advise business accordingly
  • compile reports for the internal committees
  • identify, investigate and resolve all activities that are deemed noncompliant
  • provide advice on the implication of future business strategies on AML controls
  • act as a subject matter expert for the business and point of reference to address related queries
  • inform relevant regulator of any breaches
  • plan and execute AML training sessions together with the AML Manager
  • work to develop AML guidance materials, training resources and controls
  • enhance policies internally relating to AML in the Bank and oversee the implementation of those policies.

Although our team do try to respond to all applications, unfortunately this is not always possible.  Therefore, should we not have contacted you within 5 days of your application you have not been successful on this occasion.

Like to talk to someone about this job?

For more information contact Mark Holmes

Managing Director
Phone: 01732 746 668
Email Mark

Financial Crime Risk Assessment

Salary: £90,000 - London

Job Purpose

The prime purpose of the role is to assist in the maintenance of a robust financial crime risk and control framework to manage and mitigate the Bank’s financial crime risk, specifically the risks associated with money laundering, terrorist financing, bribery and corruption, sanctions breaches and fraud.

A key focus of the role is to manage and complete the annual Financial Crime Risk Assessment for the Bank and to take lead responsibility for the execution of the Bank’s financial crime controls testing / quality assurance programme.

The role will also involve the provision of advice and guidance to Bank employees, both locally and overseas, on all aspects of financial crime risks and controls and the policies and procedures that the Bank has in place to address its financial crime risks.

Key Responsibilities / Accountabilities

• Management and delivery of the Financial Crime Risk Assessment Programme ­

- Provision of comprehensive guidance and support for a continued robust financial crime risk & controls assessment / framework. ­ 

- Maintenance and management of the Bank’s Financial Crime Risk Assessment methodology ­

- Leading the execution of the Bank’s annual Financial Crime Risk Assessment which includes carrying out adequate testing to ensure the Firm is operating in line with its financial crime policies, procedures and risk appetite. ­

- Documentation and communication of key financial crime risks and controls ­ 

- Production of reports and presentations outlining the findings, inclusive of any recommendations, of the Financial Crime Risk Assessment. Following up to ensure those recommendations are implemented.

• Management and delivery of the Bank’s financial crime controls testing / quality assurance programme.  This includes the design and preparation of MI and other ad hoc reports in respect of this programme.

• Support and guidance to relevant stakeholder regarding all aspects of financial crime best practice, risks and controls.

• Represent the Financial Crime Compliance team on internal projects and working groups, providing input in AML/CTF, ABC, fraud and sanctions matters and influencing those bodies as appropriate.

• Maintain effective relationships with business and support functions across the Bank to ensure a positive image of the Bank’s financial crime risk management both internally and externally

• Assist with preparation and delivery of financial crime training across the Bank and its branches and subsidiaries

• Keep abreast of the national and international financial crime regulatory environment, identifying developments that may impact the Bank’s financial crime risk and control framework

Preferred Qualifications and Experience

Qualifications and Experience: • 

A degree (or equivalent)

• A market standard qualification/certification in financial crime (AML/CTF, ABC, sanctions and/or fraud) compliance

• Professional qualification is desirable (e.g. auditing/accounting qualification)

• Experience and knowledge of financial crime risk & control assessments, ideally gained in-house in a global financial services organisation

• Excellent understanding of UK financial crime regulatory requirements and best practice as well as the international environment in relation to financial crime

• Experience and knowledge in dealing with anti-bribery & corruption related matters.

Knowledge, technical skills and expertise:

• Understanding of FCA rules and regulations or equivalent

• Excellent knowledge of JLMSG Guidance Notes • Understanding of KYC concepts 

• Understanding of money laundering, terrorist financing, tax evasion, bribery, corruption, sanctions and fraud

• Good understanding of investment banking products

Personal attributes:

• High level of integrity

• Strong communicator at all levels (internal and external)

• Good team player

• Sustained commitment to engagement and ownership

• Ability to deliver work under pressure

• Ability to navigate complexity and ambiguity, also being flexible and adaptable

• Excellent presentation, communication and consultation skills (written and verbal), including good drafting and report writing skills

• Must have investigatory skills and analytical ability, including flexible thinking, as well as organisational, planning and problem solving skills

• Proactive, collaborative and maintain a persistent work ethic

Like to talk to someone about this job?

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

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