Head of Financial Crime

1 week 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
- Report to the Compliance Director and Board, including an annual MLRO's report to the Board
- Design, develop and implement a financial crime strategy across the business
- Oversee and manage a CDDKYC and client on boarding procedures at the company ensuring clients are only on boarded after appropriate risk assessment and due diligence is conducted
- Other ad hoc duties compliance and CFT duties as and when required
- Implement and design a periodic review process for high risk clients to be conducted annually
- Oversee and implement a financial crime framework that includes counter fraud, anti-bribery and corruption controls, tax evasion and terrorist financing controls.
- Ensure appropriate policies and procedures and risk documents in relation to financial crime are established and implemented across the business
- Liaise with audit and compliance monitoring as appropriate and ensure any control gaps are successfully resolved and mitigated.
- Chair and run the Financial Crime Committee as well as delivering monthly management information report which summarises any issues, control weaknesses and plans for resolution.
- Deliver AML and financial crime management information to the Board quarterly and also annually through the annual MLRO report, and to the FCA as and when required.
- Oversee and manage the AML screening controls for sanctions, PEPs and adverse media
- Investigate, review and approve all PEP related relationships including high risk PEPs, corporates owned or controlled by PEPs and State Owned Entities.
- Provide AML and financial crime compliance advice to the business and management
- Manage the company's financial crime systems and controls to identify, assess, monitor and manage money laundering risk
- Investigate SAR transactions flagged as suspicious and submit to NCA and ensure trend analysis is conducted and shared with the Board.
- Ensure all employees complete their regulatory training annually including financial crime
- Anti-bribery and corruption and market abuse.
- Provide AML and financial crime compliance advice to the business and management
- Investigate transactions flagged as suspicious and approve detailed reports
- Provide advice and guidance to the compliance transaction monitoring team (six members) in assessing AML and financial crime risk.

Skills desired:
Previous approval as MLRO SMF 17 will be an advantage
- Thorough knowledge of Money Laundering Regulations, Terrorism Act 2000, Proceeds of Crime Act 2002, Criminal Finances Act 2017 and Joint Money Laundering Steering Group guidance
- Working knowledge and experience of front-end trading platforms
- Minimum 5 years' experience of working in an MLRO SMF 17 function
- Microsoft Office - Intermediate Level
- Educated to degree level or equivalent (Diploma/Certificate in AML or Financial Crime desirable)

In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.

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