Financial Crime Executive

Job Description

Due to exciting growth within the business, our client is now recruiting for a number of "Financial Crime Executives" to join their busy team.Our client are a leading provider of Business Process Outsourcing and operational transformation, specialising in the provision of lending, investments and savings services. Over 50 major financial services providers rely on the business to managetheir lending and investment portfolios including Shawbrook Bank, Goldman Sachs, Yorkshire Building Society, DVLA and Credit Suisse. Their specialist third party outsourcing operation provides loan and investment administration back-office services to banksand portfolio owners and is rated as Above Average by Standard & Poors.OverviewAs Financial Crime Executive you assist the business in delivering robust financial crime prevention systems and controls; across all areas of the business including mortgages, loans, and investments.As a key member within the Financial Crime Team, you will proactively support the business in delivering accurate and effective AML/CTF services to its clients. You will interact with employees at all levels of the business, multiple clients, and externallaw enforcement agencies and will gain exposure to a diverse range of work within a fast-paced environment.The Financial Crime Team is a 2nd line function that operates within the broader Risk and Compliance Department that supports the business via its embedded three lines of defence system of internal control and risk management.Being part of this team, youll get involved in work that is varied and interesting and covers a broad range of Clients. Its a relatively small but busy team where you will need to prioritise your workload according to risk and SLAs. In return youll befully supported along the way with training, peer coaching and have access to a group of welcoming and engaging colleagues keen to support you in your development.Process

• Undertake AML transaction monitoring, ensuring that all investigation decisions, outcomes and supporting rationale are accurately recorded.
• Evaluate sanction, PEP and adverse media alerts ensuring that all investigation decisions, outcomes and supporting rationale are accurately recorded.
• Evaluate internal suspicious activity reports; preparing and filing external suspicious activity reports to the relevant authorities, where required.
• Liaise with appropriate law enforcement agencies and regulators resolving issues around requests for information, production orders, SARs, consent, and freezing orders as well as preparing witness statements where appropriate.
• Complete investigations into fraud referrals received (internal and external). Maintain appropriate record keeping of all investigations for evidential and reporting purposes.
• Act as a point of contact for all escalated queries fed into the team from across the business.
• Support the business in its 2LOD Quality Assurance programme.
• Identify any training needs in relation to the understanding of financial crime issues or preventive methods adopted by the business, and where required communicate the requirements to the Learning and Development team.

People

• Responsible for own self development
• Support and encourage the awareness of financial crime across the business along with compliance to the related policies and procedures
• Fully support and where required, to deputise for the Financial Crime Manager, Deputy MLRO and MLRO.
• Establish visibility, credibility & strong working relationships across the business to help embed and promote a compliant culture.

Customer

• Assist with collation, analysis, and Management Information (MI) internally and across all lending & investment portfolios.
• Investigate & respond to allegations of fraud in a timely manner
• Develop and maintain relationships with internal and external stakeholders to ensure the prevention, detection and accurate recording of all financial crime matters, delivering successful customer outcomes, maintaining regulatory compliance, and mitigatingrisks.

Financial

• Identify existing/emerging financial crime risks across the business and suggest prevention / detection processes and/or systems to mitigate the risks identified.
• Where required, conduct ad-hoc reviews to ensure that the businesses policies in relation to financial crime are being adhered to.

Experience & QualificationsMinimum Requirements:

• Experience working in a financial services regulatory environment.
• At least 2 years experience of completing fraud and SAR investigations.
• Demonstrated knowledge of AML legislation / regulation and preventive measures.
• Demonstrated knowledge of money laundering typologies and trends for financial services.
• Able to draw own conclusions based on relevant data and make the right decisions, considering both the business and customer outcomes.
• Established knowledge of Money Laundering Regulations & JMLSG guidance
• Ability to manage own workload.

Desirable:

• Previous experience in financial crime prevention, including:
• Sanctions & PEPs screening (LexisNexisBridgerInsight advantageous)
• Law enforcement engagement
• AML transaction monitoring
• Previous experience of quality assurance monitoring within a second line function.
• Qualifications gained from ICA/ACAMS/CISI or similar

You will be working closely with the Senior Financial Crime Executive and Screening Executive on a day-to-day basis to deliver on key operational tasks. You will support the Financial Crime Manager & MLRO on a variety of financial crime related projectsand client led engagements.This role offers full-time, remote working with equipment provided therefore applications are welcome from across the UK. The benefits package includes Pension, Private Medical insurance.

Keyskills :
AMLComplianceFinancial CrimeSARTransaction