Head of Financial Crime Prevention – MLRO recruitment
The role will report into the UK Head of Regulatory Compliance and will cover the oversight of the bank’s financial crime prevention framework, including anti-money laundering and fraud prevention.
The main functions of the role include, but are not limited to:
- Leading and managing the financial crime teams throughout the bank
- Ensuring that the Bank’s financial crime risk assessment process is regularly reviewed and updated in order to target financial crime initiatives and resources on those areas that present the greatest risk
- Management oversight of the Bank’s integrated AML and fraud prevention arrangements
- Accountable for developing and implementing an effective financial crime prevention framework supported by risk based policies and procedures designed to deliver compliance with relevant regulatory requirements and Enterprise-wide standards
- Overseeing the development and implementation of an effective financial crime monitoring programme to test the effectiveness of the Banks financial crime framework
- Maintaining effective, business focused, relationships with relevant regulators and enforcement agencies
- Ensuring that the Bank’s Financial Crime function is adequately resourced and that staff are trained to an appropriate standard
- Reporting to the Divisional Audit Committee/Board, Divisional Operating Committee on the operation and effectiveness of the financial crime prevention framework
- Advising the Bank’s Senior Management and staff regarding their regulatory obligations
- Representing the UK Division on Enterprise-wide financial crime projects
- Overseeing the Bank’s financial crime training and awareness initiatives
- Overseeing the effective operation of the Bank’s suspicious activity reporting (SAR) regime
- Preparation of an annual MLRO report to the Board as required by the FSA rules
The successful incumbent will possess a proven track record in financial crime, or associated discipline, at management level, preferably gained within financial services. In addition, a thorough working knowledge of UK Anti-Money Laundering/Sanctions Terrorist Financing legislation is essential, preferably evidenced by an appropriate qualification, such as the ICA Money Laundering or Financial Crime Diploma.
This is a fantastic opportunity for an individual who may be in a deputy position currently who is seeking the next step on their career ladder or alternatively a Financial Crime/MLRO Head seeking a fresh challenge in a new environment. This role is very much hands-on and offers high visibility and the scope to face off the senior stakeholders, auditors and regulators. Package commensurate with experience.