Financial Crime Manager
Posted 2 weeks ago by 1748591237
£70,000 Per year
Fixed-Term
Hybrid
City of London
Summary: The Financial Crime Manager role involves overseeing financial crime prevention and detection activities for a bank in the City of London on a 12-month fixed-term contract. The position requires maintaining compliance with financial crime policies and regulatory requirements while managing various monitoring and reporting tasks. The successful candidate will work collaboratively with other managers to enhance processes and training related to financial crime. This hybrid role demands a strong understanding of financial crime regulations and experience in monitoring tasks.
Key Responsibilities:
- Maintaining and executing the Financial Crime Monitoring Plan
- Undertaking thematic monitoring reviews, including testing, reviewing the severity of any issues identified, report writing and designing remedial actions
- Managing, overseeing and reviewing the testing and grading of quality assurance reviews
- Proposing actions to address root causes and identifying opportunities through monitoring work to support the improvement of processes and procedures
- Assessing, devising, recommending and implementing enhancements to Financial Crime controls across the Bank
- Ensuring regulatory requirements are being met and applied across a number of financial crime areas, including Anti-Money Laundering (AML), Fraud, Sanctions, Anti-Bribery and Corruption (ABC) and Anti-Tax Evasion
- Ongoing assessment and identification of the Bank’s Financial Crime Risks
- Completion of Financial Crime Management Information reporting as required
- Ensure effective and timely horizon scanning, providing guidance to the business on papers/guidance and regulatory change
- Preparing and supporting the Head of Financial Crime to deliver Financial Crime Training for employees across the bank.
- Supporting and working with other Financial Crime Managers within the department to deliver departmental objectives as requested by the Head of Financial Crime
Key Skills:
- Must be experienced in financial crime monitoring tasks, including written thematic reports.
- Current knowledge of money laundering, sanctions, fraud, bribery and corruption and market abuse laws/regulations
- Good understanding and knowledge of JMLSG
- Sound knowledge of AML Risk Based Approach concepts
- Knowledge of the regulatory and legislative requirements and industry practice for financial crime
- Experienced in testing, sampling and assuring processes and controls to mitigate risk
- A strong understanding of regulations and legislations relating to AML/CTF (Anti-Money Laundering/Counter-Terrorist Financing), Fraud ABC and Sanctions
- International Compliance Association Financial Crime qualification desirable, or equivalent professional qualification
- Line management experience
- Experienced in financial crime monitoring tasks, including written thematic reports
Salary (Rate): £70,000.00 yearly
City: City of London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: fixed-term
Seniority Level: undetermined
Industry: Other
Financial Crime Manager
City of London / Hybrid (2/3)
Mat cover / 12-months FTC
£65,000 - £70,000
cer Financial are working alongside a bank who are based in the City of London. They are seeking a Financial Crime Manager to work with them on a fixed-term contract.
In this role you will undertake, and provide oversight of, key financial crime prevention and detection activities in line with the banks risk appetite and financial crime policies and procedures.
The responsibilities of a Financial Crime Manager will include:
- Maintaining and executing the Financial Crime Monitoring Plan
- Undertaking thematic monitoring reviews, including testing, reviewing the severity of any issues identified, report writing and designing remedial actions
- Managing, overseeing and reviewing the testing and grading of quality assurance reviews
- Proposing actions to address root causes and identifying opportunities through monitoring work to support the improvement of processes and procedures
- Assessing, devising, recommending and implementing enhancements to Financial Crime controls across the Bank
- Ensuring regulatory requirements are being met and applied across a number of financial crime areas, including Anti-Money Laundering (AML), Fraud, Sanctions, Anti-Bribery and Corruption (ABC) and Anti-Tax Evasion
- Ongoing assessment and identification of the Bank’s Financial Crime Risks
- Completion of Financial Crime Management Information reporting as required
- Ensure effective and timely horizon scanning, providing guidance to the business on papers/guidance and regulatory change
- Preparing and supporting the Head of Financial Crime to deliver Financial Crime Training for employees across the bank.
- Supporting and working with other Financial Crime Managers within the department to deliver departmental objectives as requested by the Head of Financial Crime
The successful Financial Crime Manager will have:
- Must be experienced in financial crime monitoring tasks, including written thematic reports.
- Current knowledge of money laundering, sanctions, fraud, bribery and corruption and market abuse laws/regulations
- Good understanding and knowledge of JMLSG
- Sound knowledge of AML Risk Based Approach concepts
- Knowledge of the regulatory and legislative requirements and industry practice for financial crime
- Experienced in testing, sampling and assuring processes and controls to mitigate risk
- A strong understanding of regulations and legislations relating to AML/CTF (Anti-Money Laundering/Counter-Terrorist Financing), Fraud ABC and Sanctions
- International Compliance Association Financial Crime qualification desirable, or equivalent professional qualification
- Line management experience
- Experienced in financial crime monitoring tasks, including written thematic reports