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AVP, Financial Crime (Job Ref:15630)

Investment Banking , Retail Bank | AML | Permanent | Up to 70,000 pa + benefits | City - London

THE COMPANY:

Our client is a successful international bank with offices based in the city

 

THE RESPONSIBILITIES:

  • Oversee the day-to-day operation and activities in respect of financial crime, ensuring team tasks are allocated and undertaken accurately and in a timely manner. Where necessary escalate concerns to the Vice President to enable onward escalation as necessary.
  • Take a lead in the planning, preparation and completion of AML, sanction controls, financial crime-related and anti-bribery and corruption controls as and when required under the guidance of the Vice President and/or Head of Department.
  • In respect of Financial Crime, review regulatory guidance and change, assessing its impact upon the business entities. Summarise and distribute outputs with proposals for required actions.
  • Create and maintain risk assessments for AML, financial crime and anti-bribery and corruption, ensuring reviews are conducted in line with policy and in timely manner.
  • Take responsibility for the design and implementation of new Financial Crime Policies and Procedures as required in order to meet the requirements of new/updated regulations/legislation and embed these within the Bank.
  • Act as the Bank’s subject matter expert in relation to all Financial Crime matters.
  • Undertake timely and accurate investigations on suspected fraudulent activity reported by branches and business units. Support customer-facing staff with the approach to take in respect to communications and information-gathering. Determine outcome of suspected frauds and take action in respect of reporting requirements.
  • Pro-actively develop appropriate relationships with managers, so that amongst other things there is a good understanding of the business and the support required from the financial crime team.
  • Represent the Legal and Compliance Department at meetings, including project and product launches, providing support and guidance, paying particular attention to Financial Crime-related implications and present possible solutions.
  • Take the lead in Legal and Compliance-related projects in respect of Financial Crime.
  • Take responsibility for preparation and collation of the annual MLRO report and any ad-hoc reporting in advance of approval by Head of Department.
  • Ensure reporting in respect of financial crime outputs is completed accurately and on a timely basis. This includes regular reporting to Vice President and Head of Department, Compliance Committee and Board Meetings as well as ad-hoc management information as required.
  • Maintain transaction monitoring and sanction-checking systems and associated rules to ensure they are up to date and effective.
  • Issue formal acknowledgment of internal suspicion reports sent to the MLRO by retail and/or wholesale banking staff; conduct initial assessments to determine if the activity/transactions are suspicious. Prepare suspicious activity reports and after approval submit to NCA.
  • Act as the Bank’s main liaison with law enforcement in particular for managing court/production orders and ensure the correct documentation is provided within specified timeframes.
  • Participate in the planning, preparation and delivery of AML and financial-crime awareness-related training.
  • Provide day-to-day supervisory support to those staff in the Financial Crime team and be available to resolve any issues that may arise while carrying out their daily tasks.
  • Ensure matters that require escalation are notified to the Vice President in a timely and effective manner to enable support to be provided and where necessary onward notification to Head of Department and MLRO/Senior Management

 

EXPERIENCE REQUIRED:

  • Degree educated
  • Solid banking experience
  • Financial Crime experience, including: AML, Terrorist Financing, Sanctions, ISR/SAR Process, Customer Due Diligence, Transaction Monitoring
  • Strong knowledge of Financial Products and Services
  • Compliance awareness, including: Compliance Monitoring, TCF, MiFID, CASS, Financial Promotions, Complaint Handling
  • Demonstrated knowledge of Banking Operations, FCA/PRA Handbook, Trade Finance Products

 

For further information please contact Hannah Tabatabai

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