Head Of AML - Financial Crime

Competitive | Bristol | Permanent
Posted 11 months ago


The Global Financial Crime Unit is a key function within the Global Information Security and Risk Group, providing a centre of excellence for the provision of financial crime risk management services on a global basis. The Global Financial Crime Unit is responsible for the prevention, detection, investigation, analysis and reporting of all suspected and confirmed internal and external financial crime incidents that result in direct or indirect losses to businesses globally.
The Regional Financial Crime Unit Manager - EMEA will hold a senior management position within the Global Information Security and Risk Group, reporting directly to the Global Head of Financial Crime.
The role will be responsible for leading, managing and developing a team of Financial Crime professionals within our Loan Services business under the 3 lines of defence operational risk model, in the prevention, detection, investigation, analysis and reporting of all internal and external Financial Crime (Fraud, Anti-Money Laundering & Counter Terrorism Financing) across all business units within the company’s operations in the EMEA region of responsibility.
The role will support the Global Financial Crime Unit in delivering a consistent, best-in-class service to its global customer base, and will act as the main point of business contact for all Financial Crime related matters in the EMEA region.
Skills and Experience

• 7 to 10 years Financial Crime Risk Management related experience (Fraud and AML/CTF) within the Financial Services industry – strong domain experience across a variety of Consumer and Commercial Financial Crime environments, Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF).
• Previous experience acting as the Approved Person performing controlled functions within a financial services environment as per FCA requirements. Strong knowledge of the JMLST guidelines.
• Demonstrated experience leading / managing / developing / coaching / mentoring / motivating staff within a Financial Crime Team within a financial services environment.
• Ability to work collaboratively and effectively with differing business units and key stakeholders to provide exceptional service to our external clients.
• Experience working with and interacting with clients and key stakeholders (both internal and external). Excellent team player with strong interpersonal and communicative skills sensitive to the needs of functional business units.
• Strong Financial Crime prevention, detection, monitoring, case management and other risk management systems experience.
• Awareness of Financial Crime frameworks, process, controls, prevention systems and technology within a financial services environment.
• Current industry knowledge of new / emerging Financial Crime and Fraud Risk Management detection methodologies and prevention / technological solutions.
• Strong knowledge of the JMLSG guidelines, UK Money Laundering Regulations with previous experience leading a team of Financial Crime specialists, and a track record as acting as a MLRO.
• Experience reviewing and identifying changes in Financial Crime regulations to assess any potential impact on existing company policy or procedure with a view of developing and executing change to ensure regulatory compliance.
• Experience providing effective wing to wing incident management, direction and remediation for significant and sensitive Major Fraud and Internal Fraud investigations.
• Experience managing Anti-Money Laundering and Counter Terrorism Financing operations within a financial services environment – transaction monitoring, reporting, customer due diligence, PEPS and reducing sanctions / compliance risk and regulatory penalties.
• Experience developing and implementing effective Financial Crime functions, tools, processes and policies, designed to reduce net fraud losses, reputational impact and opportunities for regulatory sanctions and penalties.
• Experience implementing and maintaining a Financial Crime Management governance framework.
• Prior experience rolling out Financial Crime and Fraud Awareness Training programs (Internal and External Fraud).
• Experience building strong engaging relationships and providing communication and reporting to senior management and key stakeholders.
• Understanding of key parameters and decision factors in managing Financial Crime risk effectively.
• Ability to prioritise work and perform multiple tasks / portfolios to agreed deadlines.
• Resourceful – strong organisational, planning and execution skills.
• Strong verbal and written communication skills.
• Strong policy, process and project management experience.
• Excellent analytical, decision making and problem solving skills.
• Strong individual work ethic and as part of a team.
• Ability to influence colleagues and implement initiatives across functions.
• Ability to act with discretion and maintain confidentiality.
• Integrity, initiative and commitment in all interactions with colleagues and key stakeholders.


• Deploying, communicating and maintaining the company Financial Crime framework, policies and procedures.
• Act as the key Financial Crime Management stakeholder within the EMEA
• region for the company
• Manage and execute strategies that support, complement, and leverage
• Financial Crime and Fraud risk prevention, detection, and mitigation programs.
• Leadership of a Financial Crime Management Team with broad responsibilities to deliver best in class business service:

1. Coaching and development of staff to maximise potential. Implementation of succession plans for high potential staff.
2. Inspire and drive high performance in staff and the team to ensure overall team success.
3. Setting clear, challenging and stretch objectives with a focus on business results, guiding principles and ongoing development.
4. Ensuring timely and constructive feedback and coaching is provided to team members.
5. Allocation and management of staff workloads and reporting of team performance, workload and results as agreed to the Global Head of Financial Crime.
6. Drive a compliant and ethical culture across the team.

• Minimise Net Fraud losses and exposure across all company operations and functions within the EMEA region of responsibility, utilising effective and best in class prevention and detection strategies.
• Ensure the Global Head of Financial Crime is appropriately notified of Financial Crime Management related risks, issues and initiatives - ensuring these are openly communicated and positively addressed. Ensure all necessary / committed to action items are followed through to closure.
• Ensure the effective management and utilisation of Financial Crime prevention systems and / or associated tools to optimum capacity and efficiency.
• Wing to wing incident management of Major Fraud and Internal Fraud investigations (effectively and compliantly).
• Identify key Financial Crime risk gaps and concerns (internal and external) and work with the company to initiate and execute programs to monitor and close those gaps.
• Contribute to process and system improvements to assist in the identification of emergent threats and the mitigation of losses.
• Rollout and imbed relevant Financial Crime training and awareness programs (AML, CTF and Fraud).
• Execute in areas of policy development, training, communication, incident response and risk assessment.
• Satisfy the company’s Anti-Capital Laundering / Counter Terrorism Financing (AML / CTF) legislative obligations. Prevent and manage the company’s exposure to Money Laundering, Terrorist Financing and severe financial and other regulatory penalties as prescribed by relevant legislation in the EMEA area of responsibility.
• Ensure that Financial Crime Unit staff accurately detect, monitor, investigate and compliantly report unusual account and transactional activity and patterns that are suspected of constituting a suspicious matter under relevant AML / CTF legislation.
• Ensure that Financial Crime Team staff conducts appropriate Customer Due Diligence and screening for Politically Exposed Person’s (PEP’s) and sanctioned individuals as required under relevant AML / CTF legislation.
• Assist in the development of Financial Crime and Fraud risk assessments - monitor areas of perceived potential risk and assesses the materiality of risks.
• Maintain industry contacts within the Financial Crime and Fraud space, monitor relevant external material events / threats and evaluate internally for potential increased risk - integrate into risk assessment and control development processes.
• Ensure Financial Crime Team compliance and adherence to all company policies and procedures and all other legal requirements.
• Liaison with relevant Law Enforcement entities associated 3rd parties & Financial Crime Managers from other financial institutions and industry bodies as required and as per legal process.
• Attend as the Financial Crime SME representative on relevant internal governance forums and committees as required.
• Regular reporting - present innovative, relevant and informative Financial Crime and Fraud Management related reports to ensure the region’s risk profile is clearly communicated to all key stakeholders.

For more information about this role, please contact:

Sara Susman

0161 237 0006

See Sara Susman's jobs
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