Senior Financial Crime Manager (DMLRO)

£100000 - £110000 per annum
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PAUL GEIST

Senior Financial Crime Risk Manager (DMLRO). Reporting to the Money Laundering Reporting Office (MLRO). It has responsibility to support the regulatory and legal risk and to provide Financial Crime-related guidance to all London-based business units and to support the MLRO in the maintenance of a effective financial crime framework.

Key responsibilities:

  • To assist the MLRO in ensuring the Bank operates in accordance with all legal and regulatory requirements and group standards relating to Anti-Money Laundering and Counter Terrorism Financing, Market Abuse, Anti Bribery, Cyber Crime, Criminal Finances and Fraud.
  • To contribute to the development and implementation of the Financial Crime Strategy.
  • To maintain and update Financial Crime policies
  • To assist the MLRO by contributing to the development of the Financial Crime Compliance culture within the business.
  • To maintain the VBL Financial Crime Framework, fulfilling the regulatory requirements provided for in the FCA/PRA Handbooks, JMLSG and other relevant bodies.
  • To act as main point of contact on Audit matters – liaising with the Audit team where needed and coordinating management responses and resultant actions to closure.
  • To assist the MLRO by providing thought leadership & executive challenge on Financial Crime Prevention within the Bank, thereby ensuring high profile, focus and a robust control environment.
  • Managing and directing the resources in the team by:
    • Co-ordinating and reviewing Financial Crime risk assessments for the Bank and oversee the business execution of the Financial Crime risk appetite.
    • Maintaining and updating the Financial Crime Risk Framework.
    • Leading and managing Financial Crime Prevention projects and initiatives, developing and implementing clear and measurable plans that ensure the business is provided with appropriate guidance to meet its financial crime obligations
    • Supporting the MLRO, in providing Financial Crime analysis of the impact of regulatory changes/requirements on the Bank’s business; provide informative and timely horizon reports, identify risks and required changes; and assist the business in implement those changes, to enable the business to meet current and future regulatory requirements and mitigate regulatory risks.
    • Maintaining the Bank’s PEPs register on behalf of the MLRO.
    • Overseeing the review of escalated Financial Crime investigations for potential suspicious activity, including those generated from detection scenario processes, negative media reports, as well as other sources
    • Ensuring that the processes for making external reports to the NCA are appropriate and timely
    • Maintain relationship with NSSL and the deposit business Financial Crime monitoring and oversight
    • Overseeing the maintenance of level 3 procedures and management information.
  • To record operational risk events which impact Financial Crime Compliance and track resolution.
  • The ability to articulate Financial Crime risks clearly, promptly and succinctly, in writing and verbally, in an appropriate manner to a wide range of stakeholders, including in contributing to the Executive and Senior Manager Reports and updates on changes in regulation
  • Provide commercially focussed, timely and practical advice on the application and implementation of Financial Crime requirements on all aspects of the business.
  • Exceptional ability to influence senior stakeholders and constructively challenge.
  • Collaboration with the People Development function to develop an effective Financial Crime training programme, materials that contribute to a culture of financial crime awareness.
  • Input into Financial Crime control testing and assurance programme.

Essential:

  • Significant experience of Anti-Money Laundering and Counter Terrorism Financing, Market Abuse, Anti Bribery, Cyber Crime, Criminal Finances and Fraud Prevention oversight gained in the financial services industry in the second line.
  • Deep expertise and experience in mitigating the harms associated with the threat of Financial Crime at an operating level, ideally within a Bank.
  • An excellent understanding of the techniques involved in conducting investigations into suspected Financial Crime and assessing threats.
  • Ability to develop efficient and effective solutions to complex Financial Crime Prevention issues
  • Exceptional and demonstrable influencing, stakeholder management, presentation and communication skills.
  • A good working understanding of the Financial Crime requirements on the Bank, including under the following:
    • FCA Financial Crime Handbook.
    • Joint Money Laundering Steering Group Guidance
    • Fraud Act
    • Bribery Act
    • Criminal Finances Act
    • Terrorism Act
    • Proceeds of Crime Act
    • 4th Money Laundering Regulations
    • 5th Money Laundering Directive
  • Banking or Consumer Credit Experience - desirable
  • Second line managerial experience.
  • Information Security experience.

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.

 

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