Deputy Manager - Compliance & Financial Crime

We are inviting applications for Senior Financial Crime Manager for wholesale banking business for an international Bank based in city London .

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

COMPETENCY

• Good experience of business activities and Compliance within banking especially linked to FCA/ PRA/ICO and other regulations
• Knowledge of retail and commercial banking products including SWIFT Operations
• Sound understanding of AML Transactional Monitoring and Transactions Screening environment with experience in financial crime
• Knowledge of regulations with respect to KYC, AML and Sanctions and Fraud

• Knowledge and experience to comprehend and work with complex transactions

• Experience in identifying unusual / suspicious transactions and outlining rationale. Knowledge and experience of risk-based approach pertaining to the AML processes