Financial Crime Senior Manager

Financial Crime Senior Manager

Posted 4 days ago by HAYS

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Negotiable
Inside
Remote
Edinburgh, Midlothian, UK
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Anti Money Laundering Business Process Financial Services Management Risk Awareness Risk Management Security Clearance SIPOC Process

Summary: The Financial Crime Senior Manager will lead the Financial Crime team, focusing on enhancing services for leading UK businesses. This role requires expertise in financial crime risk management and aims to foster a culture of awareness while ensuring compliance with regulations. The position is remote with minimal travel and requires eligibility for Security Clearance. The successful candidate will provide leadership and support across various teams and projects related to financial crime.

Key Responsibilities:

  • Design and deliver the Financial Crime framework, tools, and mechanisms.
  • Support projects and systems developments to ensure regulatory AML compliance and effective fraud risk management.
  • Contribute to the assessment and development of the Financial Crime strategy for relevant business units.
  • Identify potential financial crime risks and ensure appropriate actions are taken.
  • Maintain Anti-Money Laundering general Financial Crime Policies and Procedures.
  • Ensure staff are trained and knowledgeable to perform their roles effectively.
  • Provide support and guidance to Financial Crime Analysts (AML/CTF/Fraud).
  • Review the work of 2nd Line Financial Crime Analysts for quality and accuracy.
  • Conduct monthly assurance work over 1st Line Teams for regulatory compliance.
  • Complete monthly RCSA checks for Quality Assurance purposes.
  • Oversee and approve all PEPs with client engagement.
  • Advise on possible sanction match referrals and inform clients and OFSI as necessary.
  • Assist in liaising with relevant financial crime authorities.

Key Skills:

  • Experience in a regulated industry.
  • Knowledge of financial crime policy, legislation, regulations, and systems.
  • Experience in a Business Process Services environment and financial services.
  • Strong experience in financial crime management and/or oversight roles.
  • Good knowledge and understanding of the Risk operating environment.

Salary (Rate): £775 Daily

City: Edinburgh

Country: UK

Working Arrangements: remote

IR35 Status: inside IR35

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

Your new company and role
Joining the Financial Crime team, supporting some of the UK's leading businesses, we are seeking to appoint a new Financial Crime Manager. We are looking for you to arrive with expertise and experience to improve our current services.
The successful candidate must be eligible to gain Security Clearance. This role can be home-based within the UK, with minimal travel to office.

The key objective of the Financial Crime Manager is to embed and maintain a culture of Financial Crime Risk awareness throughout the account, while contributing to the development of the financial crime project deliverables, to enable both operational readiness and client satisfaction, while providing leadership across teams as a key subject-matter expert.
Relationships in the role:

  • Matrix management reporting to Financial Crime Director (MLRO)
  • Senior customer management teams.
  • Critical 3rd party suppliers and internal/external auditors.
Key aspects of the role include:
  • Framework - Design and delivery of the Financial Crime framework, tools and mechanisms.
  • Projects - Providing support to projects and systems developments, ensuring regulatory AML compliance and effective fraud risk management.
  • Policy & Advice - Contributing to the assessment/development of the Financial Crime strategy for the relevant business units.
  • Risk - Supporting the identification potential of actual financial crime risks and ensuring appropriate action.
  • Policy - Contribute where required to maintaining Anti-Money Laundering general Financial Crime Policies and Procedures.
  • Training - To ensure that staff are suitably trained and have the requisite level of knowledge to perform their roles.
  • Advice - Offer support and guidance to the Financial Crime Analysts (AML/CTF/Fraud) (1st line).
  • Oversight - Review the work of 2nd Line Financial Crime Analysts (AML/CTF/Fraud) to ensure that this is of sufficient quality and accuracy.
  • Assurance - Undertake monthly assurance work over 1st Line Teams to ensure full regulatory compliance.
  • Controls - Complete monthly RCSA checks for Quality Assurance purposes.
  • Escalations and Regulatory - Oversee and approve all PEPs with engagement with the client.
  • Sanctions - Check and advise on any possible sanction match referrals, including informing the client and OFSI where relevant.
  • Investigations - Assist in the liaison with the relevant financial crime authorities.
What you'll need to succeed

To be successful in this role, we anticipate you will have a mix of the below
  • Experience in a regulated industry.
  • Knowledge of financial crime policy, legislation, regulations and systems
  • Working within a Business Process Services environment and financial services.
  • Strong experience in a financial crime management and/or oversight role.
Good knowledge and understanding of the Risk operating environment.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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