Financial Crime Associate is required for an international bank based in London.
We are looking for someone to empower the Financial Crime and Compliance teams by understanding their needs and requirements end to end and matching them with the most appropriate technical solutions/products to reduce manual activity, allowing them to focus more solely on quality of investigation.
Duties & Responsibilities:
•Act as the bridge between the FC & Compliance Teams and tech team to ensure both teams are made aware the regulatory and technical stipulations that affect their ability to deliver the business needs.
•Ensure that the business considers the impact of Financial Crime rules and regulations, with a particular focus on the Payment Services Regulations, Money Laundering Regulations and POCA 2002
•Providing advice to ensure internal processes and procedures are updated to reflect regulatory requirements
•Produce and maintain management information (MI) to enable effective oversight and committee reporting
•Advise on policy or procedural changes required to incorporate the identified changes
•Liaise with members of the Compliance and Financial Crime team as required to ensure alignment with bank policies and procedures
•Lead due diligence on new providers and outsources on behalf of the team, ensuring that risks are appropriately mitigated
•Lead technical transformations for problem area of the bank such as transaction monitoring
•Assess fit for use criteria of all third-party programs and technologies used by 1st and 2nd LOB
•Continue to learn, develop, introduce, and adapt technologies to the consistently changing FC ecosystem
•Ensure that key Financial Crime regulatory issues are reported to the MLRO with options and recommendations analysed to facilitate reporting to senior management
•Work to enhance the financial crime framework of the bank as delegated/requested by line manager/MLRO
Key Skills & Experience:
•Strong knowledge of banking and payments, with an understanding of financial crime controls
•Excellent writing and presentation skills
•Strong stakeholder management
•Strong change and project management skills, including the ability to manage time well, prioritise effectively, and handle multiple deadlines
•At least 3 years within a Financial Crime function
•Prior experience implementing new payment solutions
•Prior experience with onboarding of GCC customers
•Professional interpersonal skills: ability to interact effectively with people at all organisational levels of the firm
•Ability to handle confidential and sensitive information with the appropriate discretion
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.
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