£ 130000 Per year
Head of Finance
Permanent
Job Description
- Manage and lead the Client on Boarding Team as Head of Financial Crime and MLRO
- Act as an SME for the Business 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 Business 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 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 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.
Required Knowledge, Skills, and Abilities
- Must come from a Brokerage or Commodities background
- Previous approval as MLRO SMF 17 desired
- 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)
Reference no: 104660