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Financial Crime Assurance Officer

  • Location: London, United Kingdom
  • Salary: £50,000 - £60,000 per year
  • Job Type:Permanent

Posted 15 days ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Contact Email:
  • Expiry Date: 02 October 2021
  • Job Ref: PCH/77213

​Financial Crime Assurance Officer required by a retail bank based in Kent.


As the Financial Crime Assurance Officer, you will report directly to the MLRO and DMLRO and be responsible for working on the Assurance Programme and independently reviewing agreed elements of the Financial Crime Framework to provide assurance on the operational effectiveness and appropriateness of the Financial Crime systems and controls within it.


This role requires:

·         the creation, development and management of partnership relationships with senior stakeholders and team members across Lines 1 and 2 and detailed financial crime, assurance and operations understanding

·         raising awareness and understanding in relation to risk review programmes and Assurance for the bank


Other responsibilities:

  • Support the MLRO/DMLRO across all products and services by designing, implementing, developing, and the on-going management of the Assurance Programme including the Quality Assurance and Quality Control strategies for Lines 1 and 2 applying a risk based approach to planning to ensure that material legal and regulatory risks facing the business are identified and considered in the construction of the Annual Plan

  • Support the development, growth and on-going management of the banks Financial Crime Assurance Programme, by leading and managing the Bank’s Financial Crime Assurance function across all products and services, including working collaboratively with the stakeholders and conducting all risk reviews under the Assurance Framework in accordance with the applicable policies and procedures.

  • Scoping and planning reviews (including agreeing frequencies and thresholds for QC checks, agreeing terms of reference and methodologies for sampling and reviews and their pass rates) and conducting the reviews (primarily remotely, on a desktop basis or fieldwork: physically attending workplaces, including outsourced providers) documenting findings and maintaining satisfactory evidence and audit trails;

  • Prepare and agree on draft reports and delivering independent reports

  • leading close out meetings with the review sponsor/key stakeholders to agree actions arising and risk-based timelines and

  • Track closure of identified and agreed gaps and implementation of enhancements to a satisfactory level agreed with the Financial Crime Risk Management Team

  • Ensure the Bank’s Financial Crime risk appetite is fit for purpose and responds to changes in the regulatory and business environments.

  • Proactively review and evaluate MI, monitoring and audit findings and investigate trends, resolve problems and seek explanation and rationale for unusual events when conducting reviews to focus attention on material risks facing the business

  • Report emerging trends and issues arising from the Bank’s Financial Crime controls or the Banks wider activities within the Bank’s governance.

  • Design and conduct independent, sensitive Quality Control and Quality Assurance work


We are looking for someone that has been in a leadership role where influencing and managing stakeholders has been your day to day remit.