Our client is a International bank based in the West End. They are looking for a AML Manager and Fraud Officer to join their growing team.
- To manage the implementation and continuing enhancement of the bank’s Financial Crime Compliance Operations.
- To manage the implementation of the bank’s Financial Crime Compliance Monitoring Program.
- Liaising with Head Office Financial Crime Department on Financial Crime matters
- To build and maintain close business relationships with our key stakeholders.
- To act as a focal point by providing specialist Financial Crime support and advice to the business.
- Establish and maintain adequate systems and controls.
- Support the MLRO in all aspects of ensuring there is an effective financial crime governance framework is in place.
- Identifying, assessing, monitoring and mitigating financial crime risk in the Bank’s daily operations.
- To meet AML regulatory requirements for FCA , adopt best practice with reference to JMLSG Guidelines.
- Support the MLRO in all aspects of Identifying, assessing, monitoring and mitigating financial crime risk in the Bank’s daily operations.
- Act as Fraud Officer as the focal point for fraud prevention, investigation, analysis and recommendation.
- Updating and assessing the effectiveness of financial crime policies and procedures of the Bank.
- To meet AML regulatory requirements for FCA, adopt best practice with reference to JMLSG Guidelines.
- To support the MLRO in the continual evaluation and implementation of relevant Financial Crime policies, procedures and processes taking a risk based approach.
- To implement and embed appropriate controls to ensure adherence to the Financial Crime Policies including Anti-Money Laundering / Counter Terrorism Financing (AML/CTF), Fraud Prevention, Anti-Bribery and Corruption and Sanctions.
- To re-draft and revise Financial Crime policies and procedures.
- To monitor adherence to the Branch’s Financial Crime policies and procedures.
- To update and assess the effectiveness of financial crime policies and procedures of the Bank.
- To obtain and use national and international publications and reports to assess the impact on the Bank.
- To prepare risk assessments of all financial crime categories of direct relevance to firm
- To prepare gap analyses of regulatory publications to identify the application of the findings to the branch.
- To risk assess business activities in support of the above by identification of inherent risks, assessment of controls being applied and calculation of inherent risk.
- Take reasonable steps to assess any relevant Customer Due Diligence (“CDD”), Know Your Customer (“KYC”) and Know Your Business (“KYB”) information (financial circumstances of clients and features of transactions) and to ensure adequate information is gathered using a risk-based approach.
- To carry out a program of KYC/KYB sampling to ensure high quality is maintained
- To escalate suspicious transactions in a timely manner.
- To analyse data and develop reports to monitor suspicious activities, and conduct relevant enquiries where necessary.
- To review suspicious transactions and present the MLRO with draft SAR reports / recommendations.
- To be the NCA point of contact and liaise with law enforcement in particular in relation to court and production orders.
- To act as a Nominated Officer in relation to SARs
- To facilitate, perform or oversee appropriate monitoring, testing, reporting, analysis and investigation, in order to identify, report and remediate financial crime risks.
- To conduct monitoring reviews such as sanctions, high risk customers and PEPs in addition to the day to day monitoring of accounts.
- To review the quality and completeness of KYC documentation prepared by the business and to approve AML risk rating changes.
- To test and review the quality and completeness of on-going monitoring activities in the business.
- To inform the business of the outcome of transaction monitoring testing.
- To constructively challenge existing processes where an alternative solution could improve quality or efficiency and share with team members.
- To recommend and implementing digitalisation enhancements in all categories of Financial Crime control.
- Strong Generalist Financial crime and Fraud experience form a banking background (ideally corporate or retail or wholesale banking background)
- Must be able to work 4 days in the London West end office per week
- Good understanding of relevant policies, procedures, practices and rules.
- Strong technical knowledge of the Bank’s products and services.
- A team player with good communication skill and risk awareness.
- Strong administration, interpersonal and analytical skills.
For further information please contact Hannah Tabatabai