Financial Crime Compliance Specialist

3 weeks ago

London, Greater London, United Kingdom Kroo Bank Ltd Full time

About Kroo Bank Ltd

Kroo Bank Ltd is on a mission to redefine banking by becoming the most trusted and beloved financial institution for our customers. We empower individuals to take charge of their financial destinies while positively impacting the environment. Our core values are rooted in integrity, transparency, and honesty. We aspire to innovate, embrace challenges, and continuously learn together.

Role Overview

The Financial Crime Compliance Specialist plays a pivotal role in overseeing and implementing financial crime compliance initiatives and monitoring frameworks. This position demands a comprehensive understanding of UK financial regulations and best practices, translating this expertise into effective strategies for the bank. Key responsibilities include:

  • Providing expert insights and constructive feedback to the First Line of Defence (1LOD) regarding financial crime best practices and regulatory updates.
  • Executing financial crime compliance and monitoring programs to ensure adherence to UK regulatory standards.
  • Updating and refining financial crime policies and procedures to align with UK regulations, including the FCA handbook, POCA, TACT, and JMLSG guidelines.
  • Facilitating thorough business-wide risk assessments and country risk evaluations in accordance with regulatory requirements.
  • Managing follow-up actions to strengthen the bank's control framework and mitigate financial crime risks effectively.
  • Enhancing and generating financial crime-related management information and dashboards using tools such as Tableau and Excel.
  • Delivering regular reports and updates to senior management and executive committees to keep them informed of the bank's financial crime risk landscape.
  • Conducting financial crime gap analyses to identify improvement areas and ensure compliance with evolving regulations.
  • Engaging in regular horizon scanning to anticipate emerging financial crime threats and regulatory changes.
  • Preparing summary reports and briefings for senior stakeholders, offering insights into the implications of new regulations and industry trends.
  • Collaborating closely with 1LOD, Compliance, Legal, Risk, and other departments to ensure a unified approach to financial crime risk management.
  • Promoting a culture of compliance and awareness throughout the organization, ensuring all employees understand their roles in mitigating financial crime risks.
  • Performing additional duties as required to meet business objectives.

Candidate Profile

The ideal candidate will possess the following qualifications and experience:

  • Experience in managing and executing financial crime compliance and monitoring programs.
  • Proficiency in updating financial crime policies and ensuring compliance with the UK regulatory framework.
  • Experience in conducting comprehensive risk assessments and managing follow-up actions to enhance the control framework.
  • Ability to provide insightful feedback to 1LOD regarding financial crime best practices and regulations.
  • Experience in producing financial crime-related management information and dashboards.
  • Capability to conduct financial crime gap analyses and assurance reviews.
  • Experience in horizon scanning and preparing summary reports for senior stakeholders.

Desirable Skills

  • Strong knowledge of regulations, legislation, and best practices (FCA handbook, POCA, TACT, JMLSG).
  • Minimum of two years of relevant experience within a Second Line Financial Crime Compliance Team.
  • AML or Financial Crime qualification (ICA or ACAMS) is preferred.
  • Proficiency in using Tableau and Excel.
  • Excellent attention to detail and analytical capabilities.

Benefits and Work Environment

Kroo Bank Ltd offers a comprehensive benefits package designed to support our employees' well-being and professional growth. Our offerings include:

  • Generous holiday entitlement: 25 days of annual leave, 8 bank holidays, and additional personal days.
  • Employer-sponsored volunteer program to encourage community engagement.
  • Mental health support through our dedicated partner.
  • Workplace pension scheme with employer contributions.
  • Learning and development opportunities, including access to a dedicated fund for career advancement.
  • Provision of top-quality equipment for a seamless hybrid work experience.
  • Modern office facilities when working on-site.
  • Flexible hybrid working arrangements to promote productivity.
  • Commitment to diversity and inclusion in the workplace.

We are committed to creating a supportive and inclusive environment for all employees.

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