Head of Financial Crime

1 month ago

London, United Kingdom PayPal Full time

**At PayPal (NASDAQ**: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives.

**Job Description Summary**: The UK Head of Financial Crime/MLRO will be based in the UK and will be accountable for ensuring all activity, conducted within PPUK, or globally on behalf of PPUK, related to anti-money laundering and the prevention of terrorist funding is compliant with UK expectations or ensure that any non-compliance is addressed or escalated to the Audit, Risk, Compliance & Conduct Committee (ARCC) and/or PPUK Board where required. The PPUK Board and Senior Management will ensure that the UK Head of Financial Crime/MLRO has the necessary authority and status, is fully independent, with access to resources and information sufficient to enable them to carry out their responsibilities. The UK Head of Financial Crime/MLRO will assume the PPUK Money Laundering Reporting Function (SMF 17) and Nominated Officer responsibilities. As a member of PPUK’s second of defence Risk and Compliance teams will report directly into the second line of defence Chief Risk & Compliance Officer (CRCO) with the ability to escalate any Financial Crime (AML, Sanctions and Anti-Bribery and Corruption) to the PPUK ARCC and PPUK Board.

Accountable for effective oversight, control, and management of PPUK policies, procedures and practices relating to UK AML and CTF issues, to include providing guidance, assistance, and challenge on PPUK’s policies, procedures and practices including those executed on behalf of PPUK by global teams and third parties that support PPUK execute its regulatory obligations.

Work closely with colleagues based across the globe and relevant third parties to ensure that PayPal’s Financial Crime related controls are designed and operating as per UK regulatory requirements.

Support and coordinate management focus on the money laundering and CTF risk in individual business areas in PPUK.

Assist management in developing and maintaining an effective AML and CTF compliance culture for PPUK.

Prepare the annual MLRO report in collaboration with the global PayPal business, using findings and lessons learned from 1st,2nd 3-line assurance reviews, internal business changes and external changes to the business environment to develop a UK picture of Financial Crime risks, issues and controls across PayPal that impact PPUK.

In consultation with management and 1st line colleagues from across PayPal create and maintain the money laundering risk-based approach and the risk assessment of PPUKs customers, products, and services.

Establish and maintain appropriate Financial Crime risk-based monitoring processes proportionate to PPUKs operations, scale, nature, and complexity.

Document PPUKs Financial Crime risk-based strategies and the basis for risk assessment and monitoring.

Ensure immediate investigation of all internal SARs received by PayPal’s Global Financial Crime and Consumer Protection (GFCCP) team.

Ensure the submission of a SAR by PayPal’s Global Financial Crime and Consumer Protection (GFCCP) team to the relevant UK law enforcement agency (National Crime Agency) regarding all suspicions that have substance as required pursuant to PPUK.

Monitor and encourage staff compliance with the PPUK AML & CTF policies and monitor operations and development of the policy. Ensuring that any issues of concern are escalated to ARCC.

Provide management information and regular updated to ARCC and the PPUK Board as necessary, including an annual report each year to PPUKs Board and senior management on PPUKs compliance with its obligations.

Function as a primary point of contact for UK regulators, and in any other third-party enquiries on PPUK’s AML and CTF approach.

Ensure that all relevant staff are adequately trained in money AML and CTF prevention, that the standards and scope of the training are appropriate and that appropriate training records are kept.

Remain aware of any relevant sanctions, prohibitions, and notices. Also ensure that GFCCP management and relevant staff ensure the names of any individuals and institutions on the UK sanctions list are screened in a timely manner.

Provide sign-off on behalf of PPUK where required, to include the new product development approval and launch process for UK products; for marketing materials relating to UK products and for other policies; and for other relevant policies, procedures and practices which relate to, or impact on, PPUK.

Accountable as the UK Head of Financial Crime/MLRO & Financial Crime advisor to the PPUK Board and Senior Management.

Assist and guide the CEO and CRCO on SMCR Financial Crime related responsibilities.

Represent the interests of the PPUK, from an AML & CTF perspective, at

  • Financial Crime Expert

    4 weeks ago

    London, United Kingdom Financial Conduct Authority Full time

    We are currently recruiting a Financial Crime Expert for our Supervision Teams in Financial Crime Market Interventions About Us Fighting financial crime is a key FCA public commitment. Financial Crime Market Interventions (Financial Crime MI) provides the dedicated specialist resource and expertise to help the FCA meet its financial crime responsibilities,...

  • Head of Financial Crime

    2 days ago

    City of London, United Kingdom Twenty84 Ltd Full time

    Twenty84 has a fantastic opportunity for a financial crime prevention and regulatory expert in London. We are helping a collaborative Consultancy hire a Head of Financial Crime, and the role comes with a salary of up to £100k+, a favourable benefits packageand hybrid working. As Head of Financial Crime, you will be responsible for developing a...

  • Head of Financial Crime Projects

    4 weeks ago

    London, United Kingdom Compliance Professionals Full time

    **THE COMPANY**: Our client is a retail and corporate banking group and is seeking a head of financial crime projects **THE RESPONSIBILITIES**: - Successful testing of scenarios for all phases of the financial crime projects project under UAT - Review of rules of all scenarios of the project for assessing efficacy of the system - Analysing MI and updating...

  • Mlro / Head of Financial Crime

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    Job Summary - London - Permanent - JN -012023-1913286 - Jan 26, 2023 - Competitive **Job Description**: Our client, a Global Brokerage, is looking for a MLRO / SMF17 / Head of Financial Crime to join their team in London. Previous experience as a MLRO and SMF17 is preferred. Responsibilities below: - Oversee and implement a financial crime framework that...

  • Head of Financial Crime

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    Responsibilities: - Manage and lead the Client on Boarding Team as Head of Financial Crime and MLRO - Act as an SME for the company ensuring compliance with its AML and financial crime obligations - Establish and create a Client On Boarding/Financial Crime team that is fit for purpose and continues to align with the business needs and regulatory...

  • Head of Financial Crime

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    Responsibilities: Manage and lead the Client on Boarding Team as Head of Financial Crime and MLRO - Act as an SME for the company ensuring compliance with its AML and financial crime obligations - Establish and create a Client On Boarding/Financial Crime team that is fit for purpose and continues to align with the business needs and regulatory environment -...

  • Global Head of Financial Crime

    4 weeks ago

    London, United Kingdom Gallagher Full time

    Gallagher Re are seeking to recruit a dynamic and proactive individual to join our Team as Global Head of Financial Crime, based in London. Your responsibility will be to craft and embed the financial crime framework, including any applicable policies, procedures, systems and controls. **Your Role**: - Build, maintain and socialise the financial crime...

  • Head of Financial Crime Advisory

    5 days ago

    London, United Kingdom NatWest Group Full time

    Join us as a Head of Financial Crime Advisory Take on a specialist leadership role, leading a team who provides holistic advice on the interpretation and impact of financial crime policy and standards on the business You’ll be building out financial crime advisory capability to deliver multidisciplined advice across the bank, addressing gaps in...

  • Head of Financial Crime Advisory

    2 weeks ago

    London, United Kingdom NatWest Group Full time

    Join us as a Head of Financial Crime Advisory Take on a specialist leadership role, leading a team who provides holistic advice on the interpretation and impact of financial crime policy and standards on the business You’ll be building out financial crime advisory capability to deliver multidisciplined advice across the bank, addressing gaps in service...

  • Head of Financial Crime Advisory

    2 weeks ago

    London, United Kingdom NatWest Group Full time

    Join us as a Head of Financial Crime Advisory Take on a specialist leadership role, leading a team who provides holistic advice on the interpretation and impact of financial crime policy and standards on the business You’ll be building out financial crime advisory capability to deliver multidisciplined advice across the bank, addressing gaps in service...

  • Financial Crime

    4 weeks ago

    London, United Kingdom Compliance Professionals Full time

    **THE COMPANY**: Our client is an international corporate bank **THE RESPONSIBILITIES**: - Lead within the Compliance team on financial crime activities: - Maintain a strong understanding of UK and related EU financial crime regulation and best practice including JMLSG guidance - Act as the focal point for financial crime related activities - Act as the...

  • Assistant Vice President

    1 week ago

    London, United Kingdom Bank of China Full time

    Financial Crime and Compliance (FC&C) department is responsible for ensuring that all financial crime and compliance risks within the Bank are identified, managed or mitigated. It establishes and maintains the Bank's regulatory communications, compliance risk management, regulatory reporting and compliance advisory. As an Assistant Vice President - Financial...

  • Assistant Vice President

    3 days ago

    London, United Kingdom Bank of China Full time

    Location London Department Financial Crime and Compliance Financial Crime and Compliance (FC&C) department is responsible for ensuring that all financial crime and compliance risks within the Bank are identified, managed or mitigated. It establishes and maintains the Bank's regulatory communications, compliance risk management, regulatory reporting and...

  • Assistant Vice President

    3 days ago

    London, United Kingdom Bank of China Full time

    Location London Department Financial Crime and Compliance Financial Crime and Compliance (FC&C) department is responsible for ensuring that all financial crime and compliance risks within the Bank are identified, managed or mitigated. It establishes and maintains the Bank's regulatory communications, compliance risk management, regulatory reporting and...

  • Assistant Vice President

    1 week ago

    London, United Kingdom Bank of China Full time

    Financial Crime and Compliance (FC&C) department is responsible for ensuring that all financial crime and compliance risks within the Bank are identified, managed or mitigated. It establishes and maintains the Bank's regulatory communications, compliance risk management, regulatory reporting and compliance advisory. As an Assistant Vice President -...

  • Head of Financial Crime Operations

    4 weeks ago

    London, United Kingdom Compliance Professionals Full time

    **THE COMPANY**: Our client is a retail and corporate banking group and is seeking a head of financial crime **THE RESPONSIBILITIES**: - Transaction Screening and Transaction Monitoring - Manage the performance of transaction monitoring and screening team - Responsible for investigating and assessing alerts of potential financial crime risks - Sanctions...

  • Head of Financial Crime Advisory

    2 weeks ago

    London, United Kingdom NatWest Group Full time

    1st Line Controls, Control, Oversight & Assurance Head of Financial Crime Advisory - London, United Kingdom- Permanent- Full Time#R-00233831

  • Associate in Financial Crime Market Intervention

    1 month ago

    London, United Kingdom Financial Conduct Authority Full time

    About Us Financial Crime Market Interventions provides the dedicated specialist resource and expertise to help the FCA (Financial Conduct Authority) meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its public financial crime commitment. The department is comprised of three Financial Crime Specialist...

  • Head of Financial Crime

    4 days ago

    London, United Kingdom eFinancialCareers Full time

    Our client, a boutique Private Banking, Wealth & Investment Management firm with a rich heritage is seeking an Interim Head of Financial Crime for a 12-month period. The Interim Head of Financial Crime will be responsible for managing the Financial Crime team and to lead, manage, and supervise the activities of the financial crime units (AML and Sanctions)...

  • Senior Associate in Financial Crime Market

    1 month ago

    London, United Kingdom Financial Conduct Authority Full time

    Background Financial Crime Market Interventions provides the dedicated specialist resource and expertise to help the FCA meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its public financial crime commitment. The department is comprised of three Financial Crime Specialist Supervision teams, a...