Manager, Financial Crime Assurance - London

IQ Executive - London (London, United Kingdom)

Job Description

Job Title:             Manager Financial Crime
Salary:                  £38-55,000 + Benefits
Location:             London
Contact:               Nicola Williams – 0161 237 0006 / nicola.williams@itqexecutive.com
 
Role Profile
 
As the Manager, Financial Crime you will work within a specialist first line Fraud and Financial Crime compliance team to manage the continual development of the Fraud Financial Crime control environment and framework.  You will be required to risk assess business activities and implement and embed appropriate business controls to ensure compliance with the Financial Crime Policy. To facilitate and perform appropriate monitoring, testing, reporting, analysis and investigation, in order to identify, report and remediate financial crime risk issues. You will also be required to continually assess the design and operational effectiveness of key fraud and financial crime controls. You will be working closely with Business Partners, key stakeholders and internal suppliers to ensure implementation of appropriate control activity and mitigation of risk in line with agreed appetite.
 
Key Accountabilities
 
As the Manager, Financial Crime you will be required, but not limited to:
 

• Understand business activities, strategy and Financial Crime risk priorities and work with senior management to design and implement a best practice control framework to enable the proactive monitoring and reporting of fraud and financial crime risks and issues
• Understand and interpret Fraud & Financial Crime Policy in order to challenge and support risk and control assessments or waiver submissions
• Deliver proactive monitoring and sample testing to evidence effective evaluation of control framework
• Provide appropriate support and guidance to the business to embed and implement Fraud & Financial Crime Policy
• Maintain key control assessment inventories to provide consistent business reporting and to support the Control Effectiveness Review (CER) in line with requirements
• Support senior management to track, manage and minimise Financial Crime /Fraud  risk losses in accordance with  the business appetite and ensure robust controls are in place to minimise losses  within agreed tolerances
• Educate on fraud and financial crime best practice, including all due diligence procedures
• Facilitate changes to systems, processes and working practices in order to achieve operational improvement relating to fraud and financial crime management
• Ensure timely completion of actions from Internal Audit, CER and other Risk Assurance Reviews
• Develop and maintain strong working and influential relationships with key stakeholders, including frontline and support teams across, Wholesale Advisory (Group Financial Crime) and where necessary Group Security & Fraud
• Keep up to date with Legal, Regulatory and industry developments with focus on best practice
• Build co-operative and strong relationships with the management teams across Risk Division teams
• Contribute to and support business strategic and simplification projects on behalf of the Fraud and Financial Crime team such as Global Anti Money Laundering programme
• Ensure compliance with  Group policies, procedures and guidelines together with all relevant regulatory and statutory requirements where appropriate, implementing actions to protect the Group’s business at all times
• Manage, motivate, develop and appraise team members as required, so that their individual and collective performance is of the required standard and meets the current and future needs of the business.  Ensure their training needs are identified and addressed to continuously improve performance
• Possess a detailed understanding and practical application of Joint Money Laundering Steering Group guidelines
• Experience in applying Anti Money Laundering policy and practice, preferably gained within the wholesale banking sector
• Understanding of risk assessment processes for complex company structures with high risk entities (e.g. Politically Exposed Persons)
• Knowledge of  Sanctions processes and investigations

 
Key Capabilities, Knowledge, Skills and Experience
 
As the Manager, Financial Crime, ideally you will:
 

• Have a good understanding of products and processes, and the key fraud and financial crime risks to which these businesses are exposed
• Demonstrate a good understanding of  financial crime risk management and familiarity with  relevant  anti money laundering  policy
• Have relevant experience could include Financial Crime, Compliance or Internal Audit with experience in undertaking complex business reviews
• Be a team player with ability to work across different teams and influence and align colleagues and stakeholders
• Influence stakeholders to drive through improvements to the control framework

Company Description

IQ Executive are a specialist Executive Search business who focus their recruitment efforts on attracting specific exceptional talent in Banking, Finance, for many clients covering UK, Europe and International Corporations. Our core assignments range from senior management appointments, specialist skilled individuals to board level appointments.

Our expert knowledge of our niche markets, precision search techniques coupled with our rigorous project management process enables us to quickly identify and adapt to the fast, ever changing and complex needs of our clients to achieve unparalleled accuracy and satisfactory solutions.

Our specialist areas include:

Banking, Finance & Insurance (Fraud Prevention, Risk Management, AML, Operations, Regulatory Compliance, Audit)

Our reputation is based upon our ability to deliver outstanding results and exceptional levels of service.
Key services we provide are: Executive Search, Advertised Selection, Exclusive Contingency Search, Market Mapping, Interim Management, Executive Recruitment Outsourcing.

Our approach is open and collaborative and recommendations are made only after very careful consideration and in depth analysis of our clients’ specific needs. We operate through a matrix structure organised by geography, function and specialist industry sectors. Our team of trained and experienced consultants offer expert knowledge of each specialist market.