Financial Crime Adviser

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    almost 3 years ago

Our client is a leading bank who are currently recruiting for a Financial Crime Adviser. The role will be responsible for optimising systems and processes to prevent financial crime and make sure all regulations are considered in regards to financial crime prevention.

Key Responsibilities:

  • Advise the business on how to identify, and mitigate, financial crime risks
  • Provide recommendations to stakeholders on best practice approaches to achieve the required level of compliance in all BAU, proposed and new initiatives in accordance with the business strategy and risk appetite
  • Regularly review and maintain mandatory training, policies and procedures to ensure that they help embed a culture of responsible financial crime risk management; they remain accurate and fully embrace prevailing legal, regulatory and group requirements at all times
  • Process internal suspicious transaction reports and make recommendations to the FCPM where external disclosures may be required (e.g. to the National Crime Agency)
  • Provide advice and support to stakeholders to ensure that process changes are designed to meet applicable legal and regulatory requirements and do not weaken the financial crime prevention control environment
  • This may entail, but is not limited to, providing feedback on project documents and attending risk committees and project steering groups
  • Provide specialist subject guidance to Regulatory colleagues when financial crime related issues or requests for advice are received by the Regulatory department.  The role holder will analyze and reply to any requests within the stipulated SLA’s
  • Develop, maintain and analyze appropriate and accurate Management Information to enable effective oversight by the FCPM, MLRO and governance Committees
  • Contribute to the compilation of monthly reporting
  • Provide regular and accurate input to the regulatory horizon scanning and interpretation process, identifying requirements, potential risks and issues

Key Requirements-    

  • Understanding of applying UK financial crime legal and regulatory requirements within an FCA authorised firm.
  • Experience of interpreting new and existing regulations and identifying actions the business is required to undertake to ensure adherence to regulatory requirements.
  • Relevant qualification, I.e. ICA fraud or money laundering diploma.
  • A very strong fraud prevention and investigations background is a must, the business’s primary threat is fraud so there is naturally a bias towards ensuring candidates have an excellent understanding of current threats and prevention methods.