At a Glance
- Tasks: Support financial crime compliance and risk management across banking departments.
- Company: Crown Agents Bank, a leader in financial services with a focus on compliance.
- Benefits: Hybrid working, competitive salary, pension plan, private medical insurance, and generous leave.
- Other info: Opportunity for international travel and dynamic work environment.
- Why this job: Make a real impact in financial crime prevention while developing your career.
- Qualifications: Bachelor’s degree, financial crime knowledge, and strong communication skills required.
The predicted salary is between 48000 - 72000 £ per year.
Crown Agents Bank (‘CAB’) is seeking a financial crime advisor to work across both the Risk & Compliance and Financial Markets & Banking departments. The role will require the candidate to support the development of the Financial Crime Compliance (FCC) annual risk-based assurance monitoring plan as well as demonstrate an in-depth knowledge of the financial crime risks present in areas such as correspondent banking, international money remittance and investment banking.
Role Responsibilities
- Acts as point of reference for relating to Assurance and demonstrate a good all-round technical knowledge on FCC programmes ensuring CABs programmes are aligned with changes and highest standards observed in the marketplace.
- Use understanding / knowledge to provide new ideas and solutions to current challenges relating to Assurance and proactively identify new tasks / methods that will add value.
- Conducting assurance of 1st line Operations, IT, Sales and Trading teams by undertaking assurance to ensure that financial crime policies and procedures are understood and applied as expected in line with regulatory expectations.
- Support the Business with client selection and retention in accordance with CABAIM’s Financial Crimes Risk Appetite and internal policies.
- Perform enhanced Client Risk Assessment reviews, either onsite or remotely, for existing and new bank and non-bank financial institution clients.
- Reviews involve detailed qualitative assessment of financial crime programmes and controls against CABAIM minimum standards, transaction data review, extensive report writing and well-reasoned risk-based and outcome-based decisions.
- Provide expert advice and guidance to the Business on complying with applicable financial crime prevention policies and procedures.
- Act as a point of contact for escalation of financial crime concerns including money laundering, sanctions violations, bribery, corruption and fraud.
- Stay up to date with international legal, regulatory and industry developments within the financial crimes space and ensure that the FCC programme updates and evolves in line with these changes.
- Prepare and deliver management information and report findings to senior management and at business forums.
- International travel will be required.
Qualifications
- Preferred: Bachelor’s Degree or equivalent; ICA and ACAMs qualifications or equivalent.
- French and / or Spanish proficiency.
- Willingness to conduct overseas business travel across emerging markets (at least 25%).
- Previous audit or assurance experience (inhouse or via consultancy).
- Broad financial crimes regulatory knowledge including international best practices for financial crime controls and correspondent banking.
- Working knowledge of JMLSG, FCA and Wolfsberg guidance.
- Exceptional written and oral communication skills; clear, well-reasoned and concise presentations for senior management, delivering on time to expectations.
- A writing sample may be requested.
- Attention to detail; experience in report writing, conducting gap analyses and transaction data review.
- Stakeholder management experience with a focus on interaction with the Business; an ability to balance risk management considerations and commercial factors through a dynamic and flexible approach.
- Proactive and entrepreneurial; using understanding and experience to take an innovative approach to introducing and enhancing reporting, controls and solutions to challenges.
- Desirable experience in correspondent banking, payments or mobile money products.
- Previous financial services, law enforcement, legal, consultancy, government or regulatory experience.
- Experience in client-facing projects; direct collaboration with prospective and existing clients, which may involve dealing with challenging situations.
Additional Information
- Hybrid working
- Contributory personal pension plan: Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
- Life Assurance – 4 times annual salary
- Group Income Protection
- Private Medical Insurance – this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology
- Discretionary Bonus
- Competitive Annual Leave
- 2 Volunteering Days
- Benefit Hub
Financial Crime Compliance & Commercial Risk, Assistant Vice President employer: Crown Agents Bank
Crown Agents Bank is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the opportunity to engage in meaningful work within the financial crime compliance sector. With a strong focus on professional development, employees benefit from comprehensive training, hybrid working arrangements, and a competitive benefits package that includes generous pension contributions and private medical insurance. Located in a vibrant area, CAB encourages innovation and collaboration, making it an ideal place for those looking to grow their careers while contributing to impactful financial solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Compliance & Commercial Risk, Assistant Vice President
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime compliance space, especially those at Crown Agents Bank. A friendly chat can open doors and give you insights that might just set you apart from other candidates.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial crime risks and regulations. Be ready to discuss how your experience aligns with CAB's needs, especially in areas like correspondent banking and risk assessment.
✨Tip Number 3
Showcase your problem-solving skills! Think of examples where you've tackled challenges in compliance or risk management. CAB loves proactive and innovative thinkers, so let your creativity shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at Crown Agents Bank.
We think you need these skills to ace Financial Crime Compliance & Commercial Risk, Assistant Vice President
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Financial Crime Compliance role. Highlight your relevant experience in risk management and compliance, and show us how your skills align with CAB's needs.
Showcase Your Expertise:We want to see your knowledge of financial crime risks and regulations. Include specific examples of how you've tackled similar challenges in the past, especially in areas like correspondent banking or investment banking.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language and structure your thoughts logically. Remember, we appreciate well-reasoned arguments and concise presentations!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Crown Agents Bank
✨Know Your Financial Crime Compliance
Make sure you brush up on your knowledge of financial crime compliance, especially in areas like correspondent banking and international money remittance. Be ready to discuss how you can contribute to the development of the FCC annual risk-based assurance monitoring plan.
✨Showcase Your Assurance Experience
Prepare to talk about your previous audit or assurance experience. Highlight specific examples where you've conducted assurance reviews or provided expert advice on financial crime policies, as this will demonstrate your technical knowledge and ability to align with regulatory expectations.
✨Communicate Clearly and Confidently
Since exceptional communication skills are a must for this role, practice presenting your ideas clearly and concisely. You might even want to prepare a writing sample that showcases your report writing skills, as this could be requested during the interview.
✨Stay Updated on Regulations
Keep yourself informed about the latest international legal and regulatory developments in the financial crimes space. Being able to discuss recent changes and how they impact the FCC programme will show your proactive approach and commitment to staying ahead in the field.
