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Senior AML Manager

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £75000 - £80000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDASMAM01_1633351923

  • Published:

    16 days ago

Our client a leading financial services group based in the heart of the city are currently hiring for a Senior Manager role specialising in Anti-Money Laundering ("AML") / Counter Financing of Terrorism ("CFT"). This role involves leading a team who are responsible for the assessment and on-going management of investor and client CDD for Jersey, Guernsey and the UK offices ensuring that adequate policies and procedures are in place to satisfy locally adopted regulations to detect and prevent money laundering and the financing of terrorism in each of the 3 jurisdictions

Key responsibilities

  • Responsible for the on-going development of the team including performance and development management of direct reports and defining succession planning within the wider team
  • Recognising the key risk management activities undertaken by the team and implementing a plan for the timely completion of such activities including and ensuring that the Periodic File Review Programme (PFR) is effectively co-ordinated and completed within the team and annually review the PFR Process to ensure it remains fit for purpose
  • Act as MLRO on client entities
  • Act as the point of escalation for complex CDD enquiries or exceptions requested
  • Evolve management reporting to enable reliable forecasting of CDD activity to resourcing
  • Present regularly to management over work performed and work scheduled and resource matching
  • Responsible for change management activity in relation to the CDD Database, ensuring the involvement of cross jurisdictional stakeholders and considering the change impact
  • Ensure that any deficiencies in the operation of the CDD database are identified and rectified with appropriate consideration given to compliance with the relevant laws and regulations
  • Collaborate across all jurisdictions with counterparties (with responsibility for the integrity of the data contained with the CDD Database) on initiatives that help ensure the completeness, accuracy (including the risk assessment) and validity of CDD records contained within the database
  • Assume responsibility for the management of CDD data for the businesses clients and their investors ensuring relevant and accurate Management Information is made available to key stakeholders
  • Prepare and report AML team statics on a monthly basis to relevant stakeholders presenting to the Board as required
  • Oversee the co-ordination and smooth transition of newly migrated clients, including the set-up of new clients and subsequent fund closings
  • Provide the business with clear and accurate assessments of regulatory requirements making practical recommendations as to their implementation with reference to the policies and procedures to satisfy regulatory requirements whilst being operationally effective
  • Draft and present AML presentations as part of client/intermediary pitches, and deal with follow-up enquiries as main AML team contact
  • Act as principal AML team contact and/or oversee communications with third parties (for example, screening providers, banks, auditors, etc) on AML topics

Skills, knowledge, expertise

  • Self-motivated and capable of prioritising and organising workloads as required
  • Ability to identify the role of the AML team in terms of wider risk management
  • Ability to lead a team of people
  • Ability to take ownership and demonstrate initiative, to negotiate, influence, build consensus and successfully navigate within a demanding environment
  • Excellent interpersonal skills are an essential requirement in order to develop close working relationships with colleagues and business contacts
  • Ability to demonstrate a team player attitude, with good time management and organisational skills
  • A detailed understanding of, and experience with, performing AML/compliance activities within a financial services company
  • Strong knowledge of the Jersey, Guernsey and UK regulatory environment and ability to apply it appropriately within the business
  • Strong communication skills (both written and verbal)
  • A relevant university degree or ICA Diploma
  • An analytical approach with good research skills
  • Ability to work under pressure while maintaining accuracy and quality standards
  • A high level of integrity and professionalism
  • Extensive experience in an AML/CTF or Compliance role within the financial services sector would represent a strong asset for this position
  • Experience and knowledge of Funds would be an advantage but not essential
  • Must have working knowledge of Microsoft products, in particular Word and Excel
  • A willingness to travel as required

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