Financial Crime Team Leader

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £65000 - £70000 per annum

  • Contact:

    Scott Duerden

  • Contact email:


  • Job ref:


  • Published:

    about 1 year 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

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