Financial Crime Prevention Manager (12 month FTC)

THE COMPANY:

Our client is a leading international bank based in the City.  They are looking to hire a Financial Crime Prevention Manager on a 6 month FTC basis initially.

THE RESPONSIBILITIES:

• Report directly to the MLRO of the Bank, supporting in the oversight and management of the Bank’s efforts in preventing and detecting financial crime risks;
• To provide financial crime prevention (FCP) advisory across the Bank with an emphasis on Sanctions, ABC, TF, Fraud prevention and CDD in accordance with relevant laws, regulations and internal policies;
• Undertake thorough assessment of CDD files (especially High risk and EDD reports), and subsequently provide comments, rationale and obtain MLROs approval;
• Undertake thorough assessment of financial crime risks as part of the customer due diligence process;
• Proactively support the team with comprehensive risk assessments including EWRA, Country Risk, Product Risk, Client Risk, Third Party Risk, Bribery & Corruption Risk, Fraud Risk and etc.
• Review Gifts and Hospitality requests, and provide adequate assessment;
• Manage daily responsibilities of the Financial Crime advisory function, provide support, guidance and training to the relevant staff across the bank, and maintain an effective management reporting line;
• Maintain an awareness of current Financial Crime regulations and legislation and ensure that changes are reflected in the following Bank’s policies, procedures and appendices: Anti-Money Laundering (AML), Customer Due Diligence (CDD), PEP, Sanctions, Fraud, off boarding, Anti-Bribery & Corruption, Trade Finance, Gifts & Hospitality, Sanctions, Country Risk Assessment, and Customer Risk Rating Methodology;
• Undertake systems functionality and framework testing for CDD, Trade Finance, Fraud, Sanctions and etc.
• Perform ongoing reviews as determined by the FCP monitoring plan;
• Ensure completion of quarterly CDD and Trade Finance QA reviews;
• Where applicable, undertake annual reviews and assessments which are part of the FCP monitoring plan;
• Support delivery of the Bank-wide Financial Crime Risk Assessments;
• Ensure ‘group-wide’ policies and procedures are implemented as and where applicable;
• Assist Head Office with Sanctions Risk Assessments and other Sanctions related matters;
• Support the Transaction Monitoring team with the clearing of STORMS alerts in case of high volumes or absences;
• Attend KYC due diligence calls/meetings with counterparties and generate call reports;
• Re-open, suspend and reactivate clients on relevant systems;
• Maintain personal and professional development and training in order to discharge responsibilities;
• Design FCP related course materials and ensure staff within the Bank receive adequate training in: AML, CTF, Sanctions compliance, Fraud identification and detection, ABC, new starter’s financial crime induction (monthly) and other financial crime related matters.;
• Review and approve Trade Finance escalations;
• Support and assist the MLRO with relevant reports, such as MLRO, MIP, EWRA, HO, FCA and other relevant reports; and
• Ensure any other FCP related tasks assigned by the direct line manager are completed in a timely manner.

EXPERIENCE REQUIRED:

• Must be able to work 4 days a week in London
• Strong technical financial crime and regulatory and legislative knowledge, including Money Laundering, Terrorist Financing, Sanctions, Fraud, Bribery & Corruption, Trade Finance, Facilitation of Tax Evasion and Modern Slavery.
• Strong Trade Finance, Sanctions, Fraud prevention and ABC advisory experience, preferably gained from acting as a SME in a bank/financial institution;
• Strong Knowledge and previous experience in Trade Based Money Laundering is a must;
• Practical knowledge and experience of the following: JMLSG, MLR 2017, POCA 2002, EUMLD, The Bribery Act 2010, International Sanctions;
• Exceptional attention to detail and good application of the risk-based approach;
• Experience of sanctions payment screening and transaction monitoring systems;
• Experience in financial crime compliance or audit roles with demonstrable career development

For further information please contact Hannah Tabatabai