Financial Crime Advisory – Banking

Financial Crime Advisory – Banking

Our client, a City based international Bank are looking to recruit a senior Financial Crime Advisory expert, paying £70-90k.

Job Purpose:

From the second line of defense, provide advice and guidance on the application of compliance and financial crime policy and standards and provide input and feedback to the proposed new polices and standards.

Manage upstream risk and new legislative requirements coordinating with branches.

Ensure that all policies are fully implemented working with the Assurance Officer to provide the second line confirmation that the compliance framework is effective.

Principal Responsibilities, Accountabilities and Deliverables of Role:

· Review all new policies and assist operations and front office with the implementation and embedding of those polices, standards and procedures across the bank.

· Recommend policy changes and assess the impact for the bank, escalating to Group as appropriate where there may be Group impact.

· Manage waiver and dispensation requests when new policies and standards are introduced, ensuring that the time lines are realistic and adhered to by those departments implementing changes as a result.

· Design and deliver communications regarding new standards and policies.

· Ensure that the bank is part of the wider Financial Crime compliance industry to receive the latest interpretation of legislation and regulation.

· Be a senior member of the team, deputising as required

· Undertake Financial Crime risk assessments at the direction of the Head of Compliance.

· Oversee Financial Crime related regulatory change processes

· Oversight of Financial Crime related Management Information

· Input to the Financial Crime change programme

Risk, Compliance & Business Continuity:

At all times, act with due care, skill and diligence to ensure compliance with Banks’ risk culture,policies and procedures, Code of Conduct and Values.

Escalate risk and compliance issues in a timely manner to your line manager, and ensure that all mandatory training is completed to schedule.

Participate in exercises to rehearse the banks response to an emergency situation (i.e. evacuation exercises and Business Continuity tests)

Job Context (Circumstances & environment surrounding the job):

This highly regulated and governed environment demands the closest scrutiny and the ability to understand and interpret many regulations and pieces of legislation and policy. The role holder will be working closely with the Head of Compliance and MLRO to ensure consistent application of legislative requirements through procedures that are employed in the first line of defence in each branch. Wherever there is a higher standard than that set by the bank these exceptions must be managed accordingly. The role holder will need to be proactive in the implementation of any new or changed policies to make relevant staff aware of their obligations and be able to report on the performance of their branch through the key performance reporting metrics.

Job Requirements:


· Understanding of the compliance framework

· Understanding of the Financial Crime legislative and regulatory environment for the bank

· Understanding of cross border requirements and the application of regulation such as the 4th EU Money Laundering Directive

· Knowledge of Trade Finance

Education / Certifications

· Educated to degree level

· Compliance qualification


· Undertaken implementation of new policies previously

· 5 years Anti-Financial Crime experience

· Knowledge and experience of financial crime risk assessments

Personal Attributes

· Openness in dealing with all staff

· Strong at written and verbal influencing

· Strong participant in discussions and meetings

· Must be able to deal with staff at all levels within the organization

· Ability to read and assess legislative and regulatory notices and interpret them for implementation.

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