Director of Financial Crime Risk – EXCLUSIVE

THE COMPANY:

Our global is a global fintech banking group who are looking for a Director of Financial Crime Risk for their London business.

THE RESPONSIBILITIES:

• Lead the development and continuous improvement of the first line financial crime risk management processes, with a focus on maintaining compliance with relevant laws, rules and regulations as well as with internal policy requirements.
• Support the growth of the Banking Services and Retail Banking Business Lines through developing and executing against an effective and scalable risk management strategy, finding creative solutions and implementing reasonable, risk-based measures to manage the financial crime risk within agreed tolerances.
• Take strong ownership of the first line of defence in managing AML, KYC, and EDD risk functions across the bank, including both Banking Services and the newly launched retail bank.
• Develop and oversee the execution of processes that comply with applicable laws, rules and regulations as well as internal policy requirements, proactively addressing emerging risks, particularly as they relate to Retail Banking products and services.
• Build, develop, and lead the AML Business Risk Management team, including the due diligence processes undertaken at onboarding and throughout the customer relationship for both the Banking Services and the Retail Banking divisions.
• Support the sustainable growth of the business by credibly presenting the risks and mitigation of prospective and existing client relationships appropriately to internal forums and governance committees.
• Foster a culture of continuous improvement, integrity, and collaboration within the team, ensuring a high level of employee satisfaction.
• Propose, establish and maintain clear risk appetite metrics and and KRIs for financial crime risk across all business lines, with regular reporting to management to track the effectiveness of risk management activities.
• Actively participate in legislative developments and consultations, providing feedback on regulatory proposals and policy updates that impact AML, KYC, and risk management practices.
• Build and maintain strong relationships with supervisory authorities, clients, and other internal and external stakeholders, ensuring effective communication, particularly as the Retail Bank launches and begins to scale.
• Lead the identification, measurement, and reporting of key financial crime risks within the Banking Services and Retail Banking domains.
• Develop and implement risk mitigation strategies, ensuring that controls are tailored to the unique risks presented by Retail Banking products and services.
• Form reasoned conclusions about new, updated and existing products, business lines and clients to assist in the formation of measured and appropriate risk-taking.
• Build and manage a comprehensive risk reporting dashboard, ensuring relevant risk data is captured, analysed, and presented to senior management in a clear, actionable format for both the Banking Services and Retail bank operations.
• Develop and maintain a robust management reporting function to ensure timely and accurate reporting to key stakeholders.
• Ensure that both the Banking Services and the Retail Banking divisions’ financial crime risk management functions align with regulatory guidelines, industry best practices and internal policy requirements.
• Provide guidance and training as required to internal teams on risk management principles, regulatory requirements, and best practices, with an emphasis on the unique challenges and considerations for the new Retail Banking division.
• Offer expert advice and support to stakeholders regarding AML, KYC, and risk management requirements
• Actively participate in product development processes, providing input on risk considerations, resources, and financial crime needs to ensure new products and services in both Banking Services and Retail Banking align with regulatory, policy and risk management standards.
• Assess existing and new products and procedures for adherence with internal risk management principles and regulatory frameworks.
• Work closely with Product Management teams to develop and enhance Banking Services and Retail Banking Risk Management tools and solutions.
• Support product teams in assessing and addressing potential risks related to new Retail Banking offerings, such as mobile banking, online services, and consumer loans.

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EXPERIENCE REQUIRED:

• Minimum of 8-10 years of experience in risk management, with a significant focus on AML, KYC, and regulatory compliance in the financial services sector.
• Proven track record of managing and leading risk functions within a banking or financial institution, particularly in retail banking or consumer-facing services.
• Experience with regulatory reporting, risk control implementation, and team leadership, with a focus on retail banking products and services.
• Skills and Competencies:
• Strong understanding of AML, KYC, EDD, and regulatory compliance requirements within the banking industry, including retail banking.

For further information please contact Duncan Jeffery