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Head of Financial Crime & Deputy MLRO

  • Location: Cheshire East
  • Salary: £75,000 - £85,000 per year
  • Job Type:Permanent

Posted about 1 month ago

Our clients are an FCA authorised and regulated European Lending Platform. They are looking to recruit a Head of Financial Crime & Deputy MLRO, on a 12-month fixed term basis.

This is an exciting opportunity with the Financial Crime team to lead the business in maintaining and or strengthening its financial crime and AML activities.

Key Responsibilities:

• Support the business to maintain compliance with the relevant Financial Crime rules, regulations, and industry guidance

• Ensure the business is kept up to date with changes to or new legislation/regulation and lead any change programme required to support the business in maintaining ongoing compliance

• To become the main contact for Financial Crime questions within the business

• To review and analyse fraud and money laundering attempts into the business and use findings to improve controls

• Support any new product or initiatives to ensure consideration is given to Financial Crime related matters. Ensure that sufficient processes are adopted to provide adequate protection or adherence to regulatory and policy requirements

• To manage the day-to-day running of the Financial Crime Team

• To perform quarterly performance reviews with the Financial Crime Team

• To lead investigations into allegations of Fraud and Money Laundering with the support of the Financial Crime Team

• Maintain an ongoing monitoring program to test that the business conforms to the policy and procedure requirements as well as standards expected in respect of Financial Crime

• Ensure all Financial Crime policies are written, approved, embedded within the business, and kept up to date

• Ensure there are documented procedures for the effective execution of the key Financial Crime processes, and they are kept up to date

• Lead the Financial Crime training plan to ensure all relevant training requirements are undertaken across the business

• Conduct face-to-face training to develop Financial Crime/ AML/ Fraud awareness throughout.

• Assist the Director Compliance & MLRO in reviewing current systems and controls and ensuring that they remain robust as the business expands and diversifies

• To work with the Director Compliance & MLRO in planning and implementing the Financial Crime strategy for the business

• Ensure appropriate Management Information is produced and acted upon concerning financial crime/ fraud/ AML matters

• To act as the Deputy MLRO, lead investigations into internal suspicious activities and support the MLRO in making submissions to NCA where applicable

• Assist the police, HMRC and other relevant authorities with investigations and enquiries

• Ensure the regulator(s) and law enforcement agencies are provided with information/reports requests within the allocated timeframes

Skills and Knowledge:

• A clear understanding of key regulatory, legislative and industry requirements, specifically from the FCA/ JMLSG

• Strong experience of working within a Financial Crime/AML/Anti-Fraud department of financial services firm

• Strong and relevant AML knowledge and to be able to demonstrate this via a formal qualification

• Strong understanding of industry, products, relevant types, and likely signs of fraud/money laundering.

• Ability to communicate effectively with key stakeholders, maintaining confidentiality where appropriate. The ability to lead and influence others.

• Possess strong conflict resolution skills, be able to understand, empathise and act with diplomacy.

• Be a strong people manager, who can motivate people to elevate themselves and work to the best of their ability


• Good understanding of FinTech and RegTech developments

• To be well networked within the industry both from a regulatory and Financial Crime perspective

• Ability to train others

• Previous experience with anti-fraud systems (Hunter, SIRA, Cifas)

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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