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- 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, private medical insurance, and generous pension contributions.
- Why this job: Make a real impact in financial crime prevention while developing your career.
- Qualifications: Bachelor's degree preferred; experience in financial crime compliance or audit is a plus.
- Other info: Opportunity for international travel and dynamic work environment.
The predicted salary is between 36000 - 60000 £ 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 CAB's 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 CAB AIM'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 CAB AIM 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 (in-house 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 in London employer: Crown Agents Bank
Contact Detail:
Crown Agents Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Compliance & Commercial Risk, Assistant Vice President in London
✨Tip Number 1
Network like a pro! Reach out to folks in the financial crime compliance space on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial crime regulations and best practices. We want you to be the go-to person for any questions they throw your way!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Think of examples where you've tackled challenges in compliance or risk management, and be ready to share them with confidence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Financial Crime Compliance & Commercial Risk, Assistant Vice President in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Financial Crime Compliance & Commercial Risk role. Highlight your relevant experience and skills that align with the job description, especially in areas like assurance and financial crime risk management.
Showcase Your Expertise: Don’t shy away from demonstrating your knowledge of financial crime regulations and best practices. Use specific examples from your past experiences to show how you’ve tackled similar challenges and contributed to compliance efforts.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless necessary. Remember, we appreciate well-structured and easy-to-read applications that get straight to the heart of your qualifications.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Crown Agents Bank!
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. Think of 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, practice presenting your ideas clearly and concisely. You might even want to prepare a writing sample that showcases your report writing abilities, as this could be requested during the interview.
✨Stay Updated on Regulatory Changes
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.
