City of London, London
£65000 - £70000 per annum
5 months ago
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
- 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