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- Tasks: Manage financial crime compliance and mitigate risks in a dynamic banking environment.
- Company: Join an international bank with a strong reputation in corporate and wholesale banking.
- Benefits: Enjoy a hybrid work model with 4 days in the office and 1 day remote.
- Why this job: Be part of a crucial team fighting financial crime and making a real impact.
- Qualifications: 10 years of relevant experience in AML and financial crime compliance required.
- Other info: Act as a key point of contact for compliance issues and training.
The predicted salary is between 48000 - 72000 £ per year.
Our client, an international Bank, is looking for a London based Corporate/Wholesale Banking Financial Crime. This is a hybrid position, 4 days in the office, 1 day work from home. The Corporate/Wholesale Banking Financial Crime will support in managing and strengthening the financial crime compliance framework for the London branch. This role has a strong focus on financial crime, anti-money laundering (AML), sanctions, and anti-bribery and corruption (ABC) compliance. The Senior Financial Crime - Corporate Banking will support in ensuring compliance with UK regulatory requirements and mitigating financial crime risks.
Duties will include (but not limited to):
- Maintain and enhance the financial crime compliance framework, including policies, procedures, and controls, ensuring compliance with UK laws and regulatory requirements.
- Support to ensure the Branch comply with the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.
- Assist to oversee the branch’s compliance with FCA/PRA regulations and JMLSG guidance related to financial crime.
- Assist in identifying, assessing, and managing financial crime risks, including AML, sanctions, ABC, and fraud risks.
- Support the preparation and submission of Suspicious Activity Reports (SARs) to the National Crime Agency (NCA) and maintain related records.
- Conduct regular reviews of the Financial Crime Risk Assessments, escalating issues and recommending enhancements to mitigate risks.
- Monitor compliance with UK, Chinese and US sanctions regimes, including screening payments and customer records for sanctions breaches.
- Oversee client onboarding processes, ensuring compliance with KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements for high-risk customers, including Politically Exposed Persons (PEPs).
- Conduct ongoing monitoring of customer activity and ensure accurate maintenance of client files and KYC documentation.
- Act as the primary point of contact in the MLRO’s absence.
- Provide advice to staff on financial crime issues and escalation protocols, ensuring that suspicious activity is reported appropriately.
- Assist in preparing financial crime-related reports for senior management, Head Office, and regulatory bodies.
- Design and deliver AML, sanctions, and financial crime compliance training to staff, fostering a culture of compliance and risk awareness.
- Provide tailored guidance to front-office and operational teams on high-risk areas, such as sanctions screening and transaction monitoring.
- Assist in preparing for and managing internal and external audits and regulatory inspections related to financial crime compliance.
- Ensure timely resolution of any findings or recommendations from audits or reviews.
- Support the preparation of reports.
- Act as a compliance representative in committees or meetings as required, presenting financial crime updates and escalating significant issues.
- Assist in implementing the Compliance Monitoring Programme, with a focus on financial crime-related activities.
Skills & Experience:
- Minimum of 10 years relevant experience.
- Regulatory Expertise: Strong knowledge of the regulatory requirements for third-country branches in the UK, including FCA and PRA rules, AML regulations, and JMLSG guidance.
- AML/Financial Crime Expertise: Significant experience in managing AML, sanctions compliance, and ABC programmes within a regulated financial institution; Practical knowledge of transaction monitoring systems and sanctions screening tools.
- Deputy MLRO Experience: Proven ability to fulfil MLRO responsibilities, including handling SARs, managing financial crime risks, and liaising with regulators.
- Analytical and Organisation Skills: Ability to manage multiple priorities while maintaining attention to detail and meeting deadlines; Strong analytical and investigative skills to assess risks and identify suspicious activity.
- Solid 2nd line of defence experience.
- Must come from a wholesale/corporate banking environment.
For more information on this role please contact Sarah Roffey by sending your CV and quoting ref 16850SR.
Corporate/Wholesale Banking Financial Crime employer: Barbara Houghton Associates
Contact Detail:
Barbara Houghton Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate/Wholesale Banking Financial Crime
✨Tip Number 1
Familiarise yourself with the latest UK financial crime regulations and compliance frameworks. Understanding the specific laws and guidelines that govern financial crime in the UK will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the financial crime compliance field. Attend industry events or join relevant online forums to connect with others who work in corporate banking. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experience where you successfully managed financial crime risks or compliance issues. Being able to articulate these experiences clearly will set you apart from other candidates.
✨Tip Number 4
Stay updated on current trends and challenges in financial crime, such as emerging technologies and new types of fraud. Showing that you are proactive about learning and adapting to changes in the industry can make a strong impression during the hiring process.
We think you need these skills to ace Corporate/Wholesale Banking Financial Crime
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime compliance, particularly in corporate or wholesale banking. Emphasise your knowledge of AML regulations and any specific achievements in managing financial crime risks.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying to this role. Discuss your understanding of the financial crime compliance framework and how your skills align with the responsibilities listed in the job description.
Highlight Relevant Skills: In your application, clearly showcase your regulatory expertise, analytical skills, and experience with transaction monitoring systems. Mention any previous roles where you acted as a compliance representative or managed financial crime risks.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects attention to detail, which is crucial in the financial crime compliance field.
How to prepare for a job interview at Barbara Houghton Associates
✨Know Your Regulations
Familiarise yourself with UK regulatory requirements, especially those related to AML, sanctions, and financial crime compliance. Be prepared to discuss how these regulations impact the role and the bank's operations.
✨Demonstrate Relevant Experience
Highlight your experience in managing financial crime risks, particularly in a corporate or wholesale banking environment. Use specific examples to illustrate your expertise in handling SARs and compliance frameworks.
✨Showcase Analytical Skills
Prepare to discuss your analytical and organisational skills. Provide examples of how you've assessed risks, identified suspicious activities, and managed multiple priorities effectively in previous roles.
✨Engage with Compliance Culture
Express your understanding of the importance of fostering a culture of compliance within the organisation. Be ready to share ideas on how you would contribute to training staff and enhancing awareness around financial crime issues.
