Save Job Back to Search Job Description Summary Similar JobsFast Growing UK-Regulated BankYou will be acting as a second in command in my Clients Firm!About Our ClientMy client is a regulated and fast-growing UK bank headquartered in London, specializing in payment solutions for the global economy. Working in both developing economies and growth markets.Job DescriptionRole Responsibilities:Identify financial crime & money laundering risks faced by the bank including an examination of:o Customer, products and activity profileso Distribution channelso Complexity and volume of transactionso Processes and systemso Operating environmentBuild systems and controls to include:o Appropriate training of employees in relation to financial crimeo Provision of information and reports to governing body and senior management including annual MLRO report on the effectiveness of systems and controls relating to AML and broader financial crime risko Documenting risk management policies and risk profile in relation to financial crimeo Ensure that financial crime risk is taken into account in day to day operationsAssess resource requirements and ensure adequate resources, both in terms of quality and quantity are deployed to mitigate financial crime riskEscalate relevant matters in a timely manner to senior managementEnsure customer due diligence (CDD) checks are carried out in a manner that properly identifies clients, including beneficial owner identities where applicable, and understand and evidence the purpose and intended nature of client relationships.Ensure ongoing monitoring and scrutinising of transactions to ensure they are consistent with what the bank knows about its customers.Ensure timely reporting of knowledge or suspicion of money laundering to the NCA through a suspicious activity report.Ensure information relating to customer interbank payments contains payer and payee information to enable easy tracing of payments related to, eg, drug trafficking or terrorism.Ensure records documents and information obtained and sufficient supporting records of transactions are retained for more at least 5 years after the end of the business relationship.Ensure appropriate resourcing, governance, oversight and accurately track the delivery of transaction screening and Transaction monitoring systems implementation.Ensure timely and accurate regulatory reporting to FCA.The Successful ApplicantUniversity degree level, with relevant professional qualifications.At least 10 years of hands-on experience in financial crime prevention.Holder of approved SMF17 role previously is preferred.Strong and extensive experience in interpreting and implementing relevant regulations.Exposure to Emerging and Frontier Markets and the challenges of doing business in higher risk jurisdictions.Forward looking risk management mindset, anticipating and addressing emerging risks and impacts.Focused on continuously evolving and enhancing financial crime risk management capabilities.Established relationships with regulators and other key stakeholders.What's on OfferHybrid working, 3 days per week in our London Office (Tuesday being the core day)Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%Life Assurance - 4 times annual salaryGroup Income ProtectionPrivate Medical Insurance - this may include cover for partner and or children at company cost. Cover includes Optical, Dental and AudiologyDiscretionary BonusCompetitive Annual Leave2 Volunteering DaysBenefit HubContactAgnieszka SuchockaQuote job refJN-012025-6645633Phone number+44 193 226 4265Job summaryJob functionBanking & Financial ServicesSubsectorRisk ManagementSectorFinancial ServicesLocationCity of LondonContract typePermanentConsultant nameAgnieszka SuchockaConsultant phone+44 193 226 4265Job referenceJN-012025-6645633
