Deputy Manager - Financial Crime Operations

We are hiring for Deputy Manager - Financial Crime Operations - Business Banking role with an International bank based in London. Job description has given below.

All candidates should make sure to read the following job description and information carefully before applying.

JOB ROLE

Managing the Financial Crime Operations Team consisting of Transaction Screening, Transaction

Monitoring, KYC screening, Fraud investigation and reporting.

JOB RESPONSIBILITY

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 robust

Transaction 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 system

KYC 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 members