Manage and lead the Client on Boarding Team as Head of Financial Crime
Act as an SME 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 company’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 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 summarizes 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 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 company’s financial crime systems and controls to identify, assess, monitor and manage money laundering risk
Investigate transactions flagged as suspicious and submit to NCA and ensure trend analysis is conducted and shared with the Board.
Required Knowledge, Skills, and Abilities
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 of database applications (e.g. Access)
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)