The purpose of this role is to support the MLRO in managing and maintaining the systems and controls in managing all financial crime risks, including Sanctions, Money Laundering, Terrorist Financing, Bribery and Corruption, Internal and External Fraud and Tax Evasion
This role is a senior position, with the role holder expected to champion and embed a sound financial crime risk management culture across the Group.
With direct reporting to the MLRO and frequent dialogue with the Group Chief Compliance Officer, the role holder will play a critical role in ensuring that my client operates robust risk management strategies to facilitate the growth plans of the business, without taking on risk outside of approved appetite.
Taking a daily lead role within the Financial Crime Team, the role holder will be operating to drive adherence to the Banks Fighting Financial Crime systems and controls framework, providing guidance and advice on financial crime matters to all areas of the Group.
They will work closely with internal stakeholders (including other Senior Managers) to oversee the management of the Bank's financial crime monitoring systems and processes, whist supporting the commercial and strategic goals of the Group
You must have:
* Good knowledge of the relevant financial crime responsibilities gained from within an organisation authorised by the FCA and regulated by the PRA and FCA
* Experience of banking and commercial lending
* Demonstrable competence within the following areas:
- Understanding of the MLR, FATF and JMLSG
- Suspicious Activity Reporting (investigating)
- Sanctions screening, both customer and payments
- Customer Due Diligence and Enhanced Due Diligence, including onboarding of PEPs and RCAs
* Demonstrable commercial awareness, including an understanding of TCF
* People skills: this will be all encompassing at all levels of the organisation with the ability to communicate complex regulation in an engaging and practical manner
* Transaction Monitoring
* Conducting assurance work on Financial Crime controls
* Conducting enhanced due diligence and Fraud investigations
* Development, tuning and embedding of Financial Crime systems and new technologies
* Leadership experience, with the ability to influence at both a senior management and team level
* Strong communication skills and an ability to challenge inconsistencies
* Strong organisation and time management skills
Key Result Areas:
* Oversee the objectives of second line financial crime, supporting the team to deliver against these objectives.
* Supporting the first line of defence with any financial crime escalations (Sanctions screening, PEPs, Financial crime convictions)
* Assisting with thematic compliance reviews associated with AML and Financial Crime
* Completing all types of suspicious activity investigations in a professional and timely manner and to a consistently high standard
* Producing reports that are suitable for senior management and external bodies
* Conducting second line monitoring and assurance testing on due diligence files, sanction screening, PEPs, Transaction Monitoring and Gifts / Hospitality items where required, including reporting on findings
* Maintaining accurate records of all financial crime second line activity
* Assisting with the collation of the annual FCA financial crime submission (Rep Crim)
* Develop and deliver ah-hoc financial crime awareness and training across the firm when necessary
* Provide pre-approval for submission to the MLRO for High-Risk customers and PEPs
Primary Internal Contacts:
* MLRO
* Group Chief Compliance Officer
* Chief Commercial Officer and Director of Customer services
