Deputy Manager - Compliance & Financial Crime

We are inviting applications for Senior Financial Crime Manager for wholesale banking business for an international Bank based in city London .

Read on to find out what you will need to succeed in this position, including skills, qualifications, and experience.

Transaction Screening and Customer Screening

Manage the transaction and customer screening team, responsible for investigating and assessing alerts of potential financial crime risks to the Bank, including sanctions and money laundering

Manage workflows and establish, maintain and follow approved procedures within the turnaround times

Level 2 review of the transaction screening alerts and back up for level 2 review of the name screening alerts.

Ensure high quality of investigations is maintained, providing support and training to FC Associates to identify 'red flags' which may indicate potential suspicious activity when investigating alerts

Ensure timely, efficient reporting of suspicious activity reports (SARs) to the MLRO

Maintain relevant MI required for tracking alerts and escalated SAR's and any other activity within the team as may arise from time to time

Undertake investigations and follow up with stakeholders to resolve any issues that are raised

Responsible for developing and updating the transaction and customer screening process manual

Providing training as a Financial Crime Subject Matter Expert within the FCO team as well as other relevant departments and branches

Participate in the successful implementation of the new IT system for transaction and customer screening as well as transaction monitoring

Perform on-going review of the IT system used in generating alerts and provide constructive reports to Assistant Manager -Financial Crime Operations for system related changes for making the system / process more robustTransaction Monitoring

Manage the transaction monitoring team, responsible for investigating and assessing alerts of potential money laundering and financial crime risks to the Bank

Manage workflows and establish, maintain and follow agreed to calendar, procedures for transaction monitoring

Perform on-going review of the AML system used in generating alerts and provide constructive reports for system related changes for making the system/process more robust

Review alert scenarios and thresholds for effectiveness and draft a report outlining any proposed changes and the impact

Ensure efficient identification and monitoring of suspicious activities and transactions

Ensure high quality of investigations is maintained, providing support and training to TM Associates to identify 'red flags' which may indicate potential suspicious activity when investigating alerts

Ensure timely, efficient reporting of suspicious activity reports (SARs) to the MLRO

Maintain relevant MI required for tracking alerts and escalated SAR's and any other activity within the team as may arise from time to time

Undertake investigations and follow up with stakeholders to resolve any issues that are raised

Responsible for making amendments to the transactional monitoring process manual

Participate in the successful implementation of the new AML systemKYC Screening

Developing and implementing the system and procedures for the KYC.

Allocating roles and responsibilities with respect to these procedures across both the teams within the wider FCO team.

Monitoring the performance and submitting required MI on a periodic basis

Fraud Investigations and Reporting

Updating and implementing the Fraud investigation and reporting procedures

Coordinating with relevant departments and branches for reporting of suspected fraud incidents

Coordinating fraud investigations and submitting the reports

CIFAS coordination and reporting

Maintaining and reporting of Management Information

Undertake investigations and follow up with stakeholders to resolve any issues that are raised. Manage escalations by the team and cross departments ad to ensure timely resolution.

Manage and develop the team to achieve performance targets.

Coach and motivate staff through regular training sessions, role rotation and facilitating further career growth for the staff.

Participate in adhoc projects that may be identified from time to time

Keeping abreast with developments in regulations and industry best practice and updating the team membersCOMPETENCY

Good experience of business activities and Compliance within banking especially linked to FCA/ PRA/ICO and other regulations

Knowledge of retail and commercial banking products including SWIFT Operations

Sound understanding of AML Transactional Monitoring and Transactions Screening environment with experience in financial crime

Knowledge of regulations with respect to KYC, AML and Sanctions and Fraud

Knowledge and experience to comprehend and work with complex transactions

Experience in identifying unusual / suspicious transactions and outlining rationale. Knowledge and experience of risk-based approach pertaining to the AML processes