Overview
Support the Financial Crime team in ensuring appropriate support and challenge is provided to the business in ensuring that any regulatory risks are raised and managed accordingly. With a particular focus on oversight of the new digital offering.
Client Details
The client is an award-winning bank, providing Real Estate focused Wealth Management solutions, Commercial Real Estate Finance and savings products. They have also recently launced a new digital offering that this role would be heavily invloved in.
Description
- Act as the Compliance and Financial Crime SME in relation to onboarding of high risk customers
- Assist with the investigation and remediation of Transaction Monitoring alerts and escalations
- Ensure that the business considers the impact of Financial Crime rules and regulations, with a particular focus on the Payment Services Regulations, Money Laundering Regulations and PoCA 2002
- Providing advice to ensure internal processes and procedures are updated to reflect regulatory requirements
- Produce and maintain management information to enable effective oversight and committee reporting
- Assist with review of Suspicious Activity Reports
- Support the management of fraud cases escalated by the first line
- Monitoring of low/medium risk onboarded customers
- Advise on policy or procedural changes required to incorporate the identified changes
- Liaise with members of the Compliance and Financial Crime team as required to ensure alignment with bank policies and procedures
- Lead due diligence on new providers and outsources on behalf of the team, ensuring that risks are appropriately mitigated
- Ensure that key Financial Crime regulatory issues are reported to the MLRO with options and recommendations analysed to facilitate reporting to senior management
Profile
- At least 3 years within a Financial Crime function
- Prior experience implementing new payment solutions
- Prior experience with onboarding of GCC customers
- Strong knowledge of banking and payments, with an understanding of financial crime controls
- Excellent writing and presentation skills
- Strong stakeholder management
- Strong change and project management skills, including the ability to manage time well, prioritise effectively, and handle multiple deadlines
Job Offer
£40,000 to £45,000
Company Benefits
Financial Services
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Page Personnel Finance
£35,000 – £45,000 per annum
Permanent
Associate Financial