Financial Crime Manager

Job Description

We have a current opportunity for a Financial Crime Manager on a 3 month contract basis. The position will be based in Bournemouth twice a week.The Financial Crime Manager is responsible for developing and overseeing the Financial Crime Framework, designed to ensure the business is compliant with applicable laws and regulations, protected from risk and loss from financial crime. The business operates a three-line of defence model. The Financial Crime Manager is a second line role, reporting directly to the Head of Compliance, with direct escalation, where appropriate, to the Money Laundering Reporting Officer (SMF17) to support theimplementation and management of the Financial Crime Framework owned in the second line, and oversight the first line operating model, systems, controls, and processes operating model and ongoing oversight in respect of: * * Bribery & Corruption * * Fraud or dishonesty (internal/external/customer) * * Money Laundering and Terrorist Financing and, * * Sanctions The primary objectives of the Financial Crime Framework are to: * * Minimise the potential and actual incidence of Financial Crime; * * Detect Financial Crime; * * Minimise the risk of subsequent losses; * * Improve the chance and scale of recoveries; * * Apply tolerance for Financial Crime aligned to its Risk Appetite Statement; * * Reduce the opportunities for Financial Crime in cooperation with other external organisations; * * Maintain internal policies and procedures and ensure effective oversight of Financial Crime operations and controls. Role Responsibilities Policy & Regulation * * To ensure the business is compliant with all relevant financial crime regulatory requirements - including the FCA Financial Crime Guide and Thematic Reviews, Money Laundering Regulations (and JMLSG guidance), Bribery Act, Proceeds of Crime Act, TerrorismAct, Anti Terrorism, Crime & Security Act, Serious Crime Act, Fraud Act and any other acts the company is governed by. * * Maintaining the Financial Crime Framework document and associated policies and standards. * * To have up to date knowledge and undertake ongoing horizon scanning surrounding the above Acts and update and implement any changes that may have an effect. * * Support and oversight the organisation in embedding, managing and maintaining effective controls to meet the Financial Crime Framework through stakeholder management, influence and engagement. Culture & Awareness * * Ensure the financial crime training including induction and e-learning includes our regulatory obligations and is maintained to ensure our financial crime culture and awareness is embedded across the organisation. * * To share knowledge with company employees surrounding financial crime, with a view of driving down losses and reducing the likelihood of financial crime events, and lowering the risk of breaching regulatory matters. This should be focussed on preventingfinancial crime and protecting the integrity and reputation. Escalation & Investigations * * To review and assess all high risk suspicious activities/notifications escalated by the 1st line or directly. * * The ability to lead complex investigations to completion, by means of evidence gathering, interviewing and creating evidential packages. * * To utilise key business partners in order to maximise the efficiency of the investigation and to help bring changes that will help minimise risk. External Reporting and Relationships * * Expedite and undertake the reporting to external enforcement agencies, Action Fraud, CIFAS, National Crime Agency to assist in reporting suspicious activity and bring those identified to prosecution and, where appropriate, to the Financial Conduct Authority. * * Build effective relationships with all relevant external agencies: Regional Police Services, National Crime Agency, CIFAS and crime prevention partnerships and local/regional retail forums for intelligence sharing and best practice