Support the Financial Crime team in managing ongoing projects and 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 payments and financial crime controls, this role oversees two Financial Crime Associates and provides second line support and challenge to the digital banking proposition within the second line of defence.
- Provide second line support and challenge to the business during onboarding and ongoing oversight of new Outsourced Service Providers.
- Providing advice to ensure internal processes and procedures are updated to reflect regulatory requirements.
- Conduct gap analysis of regulatory implications of changes and track actions required to completion.
- Advice on policy or procedural changes required to incorporate the identified changes.
- Ensure bank policies remain fit for purpose and appropriate for the changing regulatory and business environments.
- Support the wider financial crime team as and when required to aid wider team objectives.
- Ensure that key Financial Crime regulatory issues are reported to the MLRO with options and recommendations analysed to facilitate reporting to senior management
- Assist in the design and provision of training to all bank staff.
- Assist in the investigation and reporting of Suspicious Activity Reports (SARs) to the NCA.
- Responsibility for the sanction screening process, including LexisNexis system and management of sanctions queries and escalations.
- Monitoring of transactions (including Trade Finance and debit card transactions plus periodic monitoring) and escalation of any exceptions.
- Review High Risk memo's providing challenge to the business prior to submission of the document to the MLRO, ensuring the memos are appropriately logged and to act as secretary for the High Risk memo Sub-committee.
- Undertake other tasks as and when reasonably required.
- Developing KPI's and other relevant MI to ensure that senior management are appropriately advised to enable informed decision making.
- Ensuring that the Financial Crime procedure is embedded in the business and providing reporting to management on the status of complaints, implications for the business and lessons learnt.
- Ensure that standard and ad-hoc information and data reports required by regulators are completed in an accurate and timely manner.
- Keep a central record of all advice provided to the business.
- Maintenance of a clear audit trail of work undertaken.
- When required support compliance related business as usual activities.
- Contribute to the Financial Crime team responsibilities for the development of New Products or changes to existing products as allocated to you or as requested.
- Overseeing and completing all other necessary regulator reporting (UK and Dubai) and notifications including approved persons and change in control.
- Assist with production of reports to EXCO, ORC, ERC, Audit or other Committees.
- Ensure procedures, systems and controls are up-to-date, effective and comply with the regulations identified in the Financial Crime Risk Universe.
- Ensure that Internal Audit findings relevant to your responsibilities are cleared on time with solutions that are effective.
- Ensure appropriate cover over the weekends to enable transactions to be released and new applications to onboard.
Key skills, experience & personal attributes
- Strong knowledge of banking and payments
- Solid understanding of financial crime control frameworks
- 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.
- At least 5 years within a Financial Crime function
- Experience managing financial crime risks within a digital offering
- Prior experience with onboarding of GCC customers
- Ability to interact effectively with people at all organisational levels of the firm.
- Ability to handle confidential and sensitive information with the appropriate discretion.
- Ability to use independent judgment and discretion when making decisions.
- Sufficient knowledge of information technology and data management systems required.
- Ability to work unsupervised and influence change.
- Detail-oriented approach needed to recommend and implement strategic improvements on a range of data privacy and data protection issues.