Financial Crime Manager (12 month FTC)

Financial Crime Manager (12 month FTC)

Posted 2 weeks ago by Compliance Professionals

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£60,000 Per year
Undetermined
Undetermined
London Area, United Kingdom
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Automated Critical Asset Management Systems Data Protection Strategy Embedding Finance Financial Services Foreign Exchange Service Know Your Customer Management Risk Management Risk Management Framework

Summary: The Financial Crime Manager will oversee compliance with AML/CTF regulations within a retail foreign exchange service provider during a 12-month fixed-term maternity cover. This role involves acting as the nominated MLRO, managing a small compliance team, and ensuring adherence to UK legislation while supporting business objectives. The position also requires collaboration with various teams and regulators to maintain a strong compliance culture and effective risk management framework.

Key Responsibilities:

  • Act as the nominated MLRO, assessing internal Suspicious Activity Reports (SARs) and submitting them to the NCA where appropriate.
  • Develop, implement, and maintain AML/CTF policies, procedures, and controls, ensuring compliance with UK legislation while supporting business objectives.
  • Lead transition and integration projects, applying a risk-based approach to ensure compliance throughout.
  • Manage and motivate a small team of Compliance and Quality Assurance Officers.
  • Maintain and enhance the Risk Management Framework, identifying risks and opportunities that impact the business.
  • Monitor and evaluate the effectiveness of AML systems and controls, recommending and implementing improvements.
  • Ensure compliance with data protection and privacy obligations.
  • Produce regular AML/CTF risk assessments and reports, highlighting issues and recommending corrective actions.
  • Ensure ongoing compliance with the UK Money Laundering Regulations and the Proceeds of Crime Act.
  • Deliver AML/CTF training to staff at all levels, embedding a strong compliance culture across the business.
  • Collaborate with commercial teams to ensure new products, services, and partnerships meet AML/CTF obligations.
  • Act as the primary point of contact for regulators, law enforcement agencies, and external auditors.
  • Represent the organisation at relevant industry seminars, forums, and events.
  • Undertake ad hoc duties and compliance-related projects as required.

Key Skills:

  • Proven experience as an MLRO/ Financial Crime Manager within financial services (retail FX or related sector preferred).
  • Strong experience in dealing with HMRC and other relevant regulators.
  • Demonstrable track record of leading transition/integration projects.
  • In-depth knowledge of UK and EU AML, KYC, counter-terrorist financing, and sanctions frameworks.
  • Degree in Law, Finance, Risk, or a related field (preferred).
  • Professional certifications such as ICA Diploma in AML, ACAMS, or equivalent (highly desirable).

Salary (Rate): £60,000.00 yearly

City: London

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

THE COMPANY: Our client is a retail foreign exchange service provider. With an expanding UK footprint, the business is entering an exciting period of growth and is seeking an experienced Financial Crime Manager to join the team on a 12-month fixed-term maternity cover.

THE RESPONSIBILITIES: Act as the nominated MLRO, assessing internal Suspicious Activity Reports (SARs) and submitting them to the NCA where appropriate. Develop, implement, and maintain AML/CTF policies, procedures, and controls, ensuring compliance with UK legislation while supporting business objectives. Lead transition and integration projects, applying a risk-based approach to ensure compliance throughout. Manage and motivate a small team of Compliance and Quality Assurance Officers. Maintain and enhance the Risk Management Framework, identifying risks and opportunities that impact the business. Monitor and evaluate the effectiveness of AML systems and controls, recommending and implementing improvements. Ensure compliance with data protection and privacy obligations. Produce regular AML/CTF risk assessments and reports, highlighting issues and recommending corrective actions. Ensure ongoing compliance with the UK Money Laundering Regulations and the Proceeds of Crime Act. Deliver AML/CTF training to staff at all levels, embedding a strong compliance culture across the business. Collaborate with commercial teams to ensure new products, services, and partnerships meet AML/CTF obligations. Act as the primary point of contact for regulators, law enforcement agencies, and external auditors. Represent the organisation at relevant industry seminars, forums, and events. Undertake ad hoc duties and compliance-related projects as required.

EXPERIENCE REQUIRED: Proven experience as an MLRO/ Financial Crime Manager within financial services (retail FX or related sector preferred). Strong experience in dealing with HMRC and other relevant regulators. Demonstrable track record of leading transition/integration projects. In-depth knowledge of UK and EU AML, KYC, counter-terrorist financing, and sanctions frameworks. Degree in Law, Finance, Risk, or a related field (preferred). Professional certifications such as ICA Diploma in AML, ACAMS, or equivalent (highly desirable). For further information please contact Jordan White

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