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- Tasks: Lead financial crime risk management and compliance processes in a global fintech environment.
- Company: Join a dynamic global fintech banking group based in London.
- Benefits: Enjoy a collaborative culture with opportunities for professional growth and development.
- Why this job: Make a real impact on financial crime risk while fostering a culture of integrity and improvement.
- Qualifications: 8-10 years in risk management, especially AML and KYC in financial services.
- Other info: Work closely with product teams to enhance risk management tools and solutions.
The predicted salary is between 72000 - 108000 £ per year.
THE COMPANY:
Our global fintech banking group is looking for a Director of Financial Crime Risk for their London business.
THE RESPONSIBILITIES:
- Lead the development and continuous improvement of the first line financial crime risk management processes, focusing on compliance with relevant laws, rules, regulations, and internal policy requirements.
- Support the growth of the Banking Services and Retail Banking Business Lines by developing and executing an effective and scalable risk management strategy.
- Take strong ownership of the first line of defence in managing AML, KYC, and EDD risk functions across the bank.
- Develop and oversee processes that comply with applicable laws, proactively addressing emerging risks, particularly in Retail Banking.
- Build, develop, and lead the AML Business Risk Management team.
- Support sustainable business growth by presenting risks and mitigation strategies to internal forums and governance committees.
- Foster a culture of continuous improvement, integrity, and collaboration within the team.
- Propose, establish, and maintain clear risk appetite metrics and KRIs for financial crime risk across all business lines.
- Participate in legislative developments and consultations, providing feedback on regulatory proposals.
- Build and maintain strong relationships with supervisory authorities, clients, and stakeholders.
- Lead the identification, measurement, and reporting of key financial crime risks.
- Develop and implement risk mitigation strategies tailored to Retail Banking products and services.
- Form reasoned conclusions about products, business lines, and clients to assist in risk-taking decisions.
- Build and manage a comprehensive risk reporting dashboard for senior management.
- Develop and maintain a robust management reporting function for key stakeholders.
- Ensure alignment of financial crime risk management functions with regulatory guidelines and best practices.
- Provide guidance and training on risk management principles and regulatory requirements.
- Offer expert advice and support on AML, KYC, and risk management requirements.
- Participate in product development processes, ensuring alignment with regulatory and risk management standards.
- Assess existing and new products for adherence to internal risk management principles.
- Work closely with Product Management teams to enhance risk management tools and solutions.
- Support product teams in addressing potential risks related to new Retail Banking offerings.
EXPERIENCE REQUIRED:
- Minimum of 8-10 years of experience in risk management, focusing on AML, KYC, and regulatory compliance in the financial services sector.
- Proven track record of managing and leading risk functions within banking or financial institutions.
- Experience with regulatory reporting, risk control implementation, and team leadership in retail banking.
- Strong understanding of AML, KYC, EDD, and regulatory compliance requirements in the banking industry.
For further information, please contact Duncan Jeffery.
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Director of Financial Crime Risk – EXCLUSIVE employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Financial Crime Risk – EXCLUSIVE
✨Tip Number 1
Make sure to showcase your leadership experience in risk management during networking events or informal meetups. Building relationships with industry professionals can give you insights into the company culture and expectations.
✨Tip Number 2
Stay updated on the latest trends and regulations in AML, KYC, and EDD. This knowledge will not only help you in interviews but also demonstrate your commitment to continuous improvement and compliance.
✨Tip Number 3
Consider reaching out to current or former employees of the company on LinkedIn. They can provide valuable information about the team dynamics and what the hiring managers are really looking for.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully managed financial crime risks in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
We think you need these skills to ace Director of Financial Crime Risk – EXCLUSIVE
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in risk management, particularly in AML, KYC, and regulatory compliance. Use specific examples from your past roles to demonstrate your leadership skills and achievements in the financial services sector.
Craft a Compelling Cover Letter: In your cover letter, express your passion for financial crime risk management and how your background aligns with the responsibilities of the Director role. Mention your experience in developing risk management strategies and your ability to foster a culture of continuous improvement.
Highlight Relevant Experience: Clearly outline your 8-10 years of experience in risk management within banking or financial institutions. Emphasize your proven track record in managing risk functions and your understanding of regulatory requirements, especially in retail banking.
Showcase Leadership Skills: Demonstrate your ability to build and lead teams effectively. Provide examples of how you have developed and overseen risk management processes, and how you have supported sustainable business growth through effective risk mitigation strategies.
How to prepare for a job interview at Compliance Professionals
✨Showcase Your Expertise in Financial Crime Risk
Make sure to highlight your extensive experience in AML, KYC, and EDD during the interview. Prepare specific examples of how you've successfully managed risk functions in previous roles, as this will demonstrate your capability to lead the financial crime risk management processes effectively.
✨Demonstrate Strategic Thinking
Be ready to discuss your approach to developing and executing risk management strategies. Share insights on how you would support the growth of Banking Services and Retail Banking while ensuring compliance with relevant laws and regulations.
✨Emphasize Team Leadership Skills
Since the role involves building and leading a team, prepare to talk about your leadership style and experiences. Discuss how you foster a culture of continuous improvement and collaboration within your teams, as well as any training or guidance you've provided on risk management principles.
✨Prepare for Regulatory Discussions
Given the importance of regulatory compliance in this role, be prepared to discuss your experience with regulatory reporting and your understanding of current compliance requirements. Highlight any involvement you've had in legislative developments or consultations, as this shows your proactive approach to emerging risks.
