At a Glance
- Tasks: Lead financial crime operations and innovate processes to enhance security and compliance.
- Company: Join the Bank of London, a cutting-edge UK clearing bank with a focus on technology.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and operational excellence.
- Why this job: Make a real impact in financial crime prevention while working in a dynamic environment.
- Qualifications: 8+ years in financial crime operations with strong leadership and regulatory knowledge.
The predicted salary is between 125000 - 135000 £ per year.
Office Location: London | Hybrid (3 days in office per week) | Salary range: £125,000 - £135,000
Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.
We are seeking a motivated and curious individual who aspires to excellence. This person should be highly familiar with Financial Crime and Fraud methodologies and have a passion to bring innovation and automation to the bank's Financial Crime processes within our Risk Framework. We value those who challenge conventions, possess a forward-thinking mindset, and can self-direct to deliver complex outcomes with agility, speed, accuracy, and excellence.
We’re seeking an experienced and forward-thinking Financial Crime Operations Senior Manager to support our First Line of Defence (1LoD) Financial Crime Operations teams. This role will play a critical part in overseeing the Bank’s end-to-end financial crime controls across client onboarding, ongoing due diligence, transaction monitoring, and screening, and will act as a deputy to the Director of Financial Crime Operations.
You will bring a good understanding of financial crime and fraud frameworks, and the ability to align technical financial crime matters with strategic and commercial considerations. You will have hands-on experience in designing and managing operational frameworks for high-risk and complex client segments such as Non-Bank Financial Institutions (NBFIs), Payment Firms, and FinTechs within a regulated banking environment. You will be passionate about operational resilience, scalable control design, and developing high-performing teams.
The right candidate thrives in fast-paced, collaborative environments, is comfortable challenging the status quo, and demonstrates a deep understanding of financial crime risks, controls, and regulatory expectations across the entire client lifecycle.
‘Must Have’ Role Requirements
- At least 8 years’ experience in first line of defence Financial Crime Operations functions, with experience of having worked in at least 2 of KYC/Customer onboarding/Due diligence; Transaction Monitoring; and/or Fraud operation.
- At least 5 years’ experience operating financial crime controls across high-risk client segments (e.g. NBFIs, MSBs, FX brokers, crypto firms).
- Proven track record in leading teams of up to 10 staff within financial crime operations teams within a regulated financial services environment.
- Deep, demonstrable understanding of UK AML/CTF, sanctions, and regulatory expectations (FCA, PRA, JMLSG) through having applied, operated and developed financial crime controls in line with UK regulatory requirements.
- Good understanding of current KYC, transaction monitoring and fraud risks as applicable to high risk customer segments (e.g. NBFI’s, MSBs).
- Proven expertise in transaction monitoring, name screening, onboarding/KYC, and ongoing monitoring from both an operational execution and control design perspective.
- Ability to apply financial crime controls, processes and systems in a commercial context, including when remediating matters arising or engaging with new product and service offerings.
- Proven ability to provide challenge to KYC, TM and Fraud teams, provide oversight and quality assurance and engage with the MLRO to align 1 and 2 LOD Financial Crime frameworks.
Preferred Attributes
- Experience leading teams across multiple locations.
- Engagement with UK regulatory authorities.
- Technical understanding of Lexis Nexis system functionality.
- Demonstrable experience implementing Financial Crime change (e.g., tooling migrations, process optimisation, TOM builds).
- Understanding of transaction monitoring and payments technology, system calibration and rules mapping.
- ExCo level stakeholder management and influencing skills.
Senior Manager, Financial Crime and Fraud Operations in London employer: Bank of London
At Bank of London, we pride ourselves on being a forward-thinking employer that champions innovation and operational excellence in the financial sector. Our hybrid work model fosters a collaborative environment where employees can thrive, while our commitment to professional development ensures that you will have ample opportunities for growth and advancement. Join us in London, where your expertise in Financial Crime and Fraud Operations will directly contribute to shaping a secure and compliant banking experience for ambitious businesses.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager, Financial Crime and Fraud Operations in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of London. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Manager, Financial Crime and Fraud Operations in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of London.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of London's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bank of London
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of London.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bank of London will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of London employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
