City based start-up bank are looking to recruit a Financial Crime Team Leader to join their rapidly expanding London office. You will lead a team of specialists to manage Fraud, AML/CTF and KYC across all customer risk levels both at onboarding and in-life from a 1st Line of Defense Perspective.

Main responsibilities will include;

• Verify customer information and understand the nature of business to determine financial crime risks associated and the level of DD to be applied
• Complete periodic CDD/EDD reviews to include ownership structure analysis for Financial Institutions and Corporates of all risk levels.
• Present recommendations on existing clients, supported by comprehensive assessments on industry and geography risks, adverse news findings, PEPs and UBOs.
• Analyse AML-risks across a wide range of entity types, structures and products and escalate complex issues.
• Work closely with Risk (2nf line) on financial crime alerts (transaction monitoring, customer screening, payment screening).
• Handle all 'false positive' alerts and escalate 'true positives' to Risk (2nd line)
• Conduct periodic reviews of customer activity - as determined by risk category. Update DD information held to ensure accuracy. Escalate any high risk scenarios
• Review new to list PEP/ SOE/ sanction/ enforcement alerts against existing customer-base. Conduct DD refresh accordingly.
• Review after-the-event transaction alerts which have triggered due to rules and patterns designed to detect abnormal, out of character or suspected money laundering activity.
• Review after-the-event transaction alerts which have been declined / accepted, triggered due to rules and patterns designed to detect abnormal, out of character or suspected fraudulent activity.

Ideal candidates must have the following experience/skills;

Financial Crime Expertise:

• Experience and knowledge of AML and CDD (to include SDD and EDD) for Corporate Clients and confidence working with complex ownership structures.
• Understanding of money laundering typologies across a range of products and services in financial services.
• Experience dealing with PEPs, sanctions, suspicious activity investigation & reporting.
• Understanding of UK and EU AML/CTF legislation (international AML/CTF knowledge is advantageous)
• Understanding of FCA/PRA regulations, permissions and applicable AML supervision amongst Financial Institutions.
• Knowledge of financial crime systems.
• Understanding of fraud and financial crime risks relating to all payment channels
• Knowledge of fraud modus operandi and prevention techniques for both consumer and business customers
• Sound understanding of financial crime related regulation, industry guidance, and industry best practice

Skills/Qualifications:

• Knowledge of domestic and international electronic and card payment schemes
• Strong people management experience
• Self-starter, able to work independently when needed, and to prioritise tasks.
• Strong attention to detail and good judgement.
• Effective interrogation of internet sources.
• Ability to communicate and negotiate with key stakeholders.
• A recognised AML qualification is desirable but not essential.
• Ability to work effectively with senior management
• Track record in ensuring fraud losses are kept within expectations, whilst delivering excellent customer experience