Full job descriptionWe 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