Financial Crime Specialists/Managers
CORE PURPOSE OF THE ROLE
- To work within a specialist first line Financial Crime compliance team to manage the continual development of the Financial Crime control environment and framework within the Commercial business
- Policy Compliance - To risk assesses business activities and implement and embed appropriate business controls to ensure compliance with Financial Crime Policy
- Monitoring - To facilitate andor perform appropriate monitoring, testing, reporting, analysis and investigation, in order to identify, report and remediate financial crime/Fraud risk issues
- Control Assessment – To continually assess the design and operational effectiveness of key fraud and financial crime controls
- To work closely with Business Partners, Commercial business, key stakeholders and internal suppliers to ensure implementation of appropriate control activity and mitigation of risk in line with agreed appetite.
KEY ACCOUNTABILITIES
- Understand business activities, strategy and Financial Crime risk priorities and work with senior management to design and implement a best practice control framework to enable the proactive monitoring and reporting of fraud and financial crime risks and issues
- Understand and interpret Group Fraud Financial Crime Policy in order to challenge and support risk and control assessments or waiver submissions
- Deliver proactive monitoring and sample testing to evidence effective evaluation of control framework
- Provide appropriate support and guidance to the business to embed and implement Financial Crime Policy
- Maintain key control assessment inventories to provide consistent business reporting and to support the Control Effectiveness Review (CER) in line with Group requirements
- Support senior management to track, manage and minimise Financial Crime losses in accordance with the business appetite and ensure robust controls are in place to minimise losses within agreed tolerances
- Educate on fraud and financial crime best practice, including all due diligence procedures
- Facilitate changes to systems, processes and working practices in order to achieve operational improvement relating to fraud and financial crime management
- Ensure timely completion of actions from Internal Audit, CER and other Risk Assurance Reviews
- Develop and maintain strong working and influential relationships with key stakeholders, including frontline and support teams across Commercial Wholesale Advisory (Group Financial Crime) and where necessary Group Security Fraud
- Keep up to date with Legal, Regulatory and industry developments with focus on best practice
- Build co-operative and strong relationships with the management teams across Commercial and the Risk Division teams.
- Contribute to and support business strategic and simplification projects on behalf of the Fraud and Financial Crime team such as Global Anti Money Laundering programme.
- Ensure compliance with Group policies, procedures and guidelines together with all relevant regulatory and statutory requirements where appropriate, implementing actions to protect the Group’s business at all times
- Manage, motivate, develop and appraise team members as required, so that their individual and collective performance is of the required standard and meets the current and future needs of the business. Ensure their training needs are identified and addressed to continuously improve performance
- Possess a detailed understanding and practical application of Joint Money Laundering Steering Group guidelines
- Experience in applying Anti Money Laundering policy and practice, preferably gained within the wholesale banking sector.
- Understanding of risk assessment processes for complex company structures with high risk entities (e.g. Politically Exposed Persons)
- Knowledge of Sanctions processes and investigations
KEY CAPABILITIES, KNOWLEDGE, SKILLS AND EXPERIENCE.
- As Manager in the Financial Crime team, you must have a good understanding of Commercial businesses, products and processes, and the key fraud and financial crime risks to which these businesses are exposed
- A good understanding of financial crime risk management and familiarity with relevant anti money laundering policy
- Relevant experience could include Financial Crime, Compliance or Internal Audit with experience in undertaking complex business reviews
- Evidenced written and verbal communication skills and attention to detail
- Team player with ability to work across different teams and influence and align colleagues and stakeholders
- Influence stakeholders to drive through improvements to the control framework
- Whilst not essential, the following qualifications may be relevant: Association of certified Anti Money Laundering Specialists, International Compliance Association, Chartered Institute for Securities and Investments
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