Financial Crime Compliance Senior Advisor - Correspondent Banking

Financial Crime Compliance (FCC) Senior Advisor – Correspondent Banking

London

FirstBank UK is a globally recognised, top-tier bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers in over 700 business locations is the oldest African bank in the UK.

Due to business requirements, we are now looking to acquire the services of an experienced FCC Senior Advisor. Please note that this is a hybrid role with 3 days in the office and 2 days working from home.

Key Responsibilities:

• Act as the 2LOD contact point for FB UK’s Correspondent Banking relationships.
• Ensuring there are suitable controls in place to mitigate risk that arises from Correspondent and Respondent Banking relationships, and that these are being tested effectively.
• Working with the Business as it expands the client base that can pass MT103s through the Bank.
• Assess the policies, procedures, systems and controls of FB UK’s Respondent Banks to determine whether they meet UK regulatory standards and requirements.
• Carry out onsite visits to Respondent Banks to assess compliance culture and perform sample checks of customer due diligence (CDD) files to determine whether policies, procedures, systems and controls are working effectively.
• Draft detailed and well formulated Risk Assessment reports of respondent Bank Financial crime Frameworks.
• Where relevant, support respondent banks in developing their systems and controls for managing potential gaps identified in respect of their FCC framework (e.g. with regards to transaction monitoring, screening and CDD requirements) and providing training.
• Provide daily oversight and support to the Correspondent Banking team member(s), ensuring they are competent, high performers, delivering to agreed objectives.

Key Skills/Experience:

Essential:

• Significant experience of working in financial crime compliance in the financial services sector.
• Experience in Correspondent Banking products and services.
• A comprehensive understanding of the UK Regulatory framework, and the UK’s law, regulations and guidance, especially with regard to Correspondent Banking.
• Prior experience in audit, accounting or working in a regulator.
• Experience of working with internal auditors and regulators.

Ideal:

• Experience of working with Banks outside the UK, especially West Africa.
• Prior participation in UK financial crime associations and a good network of financial crime professionals.
• 1LOD experience.

In return we offer a fantastic benefits package including:

• Up to 10% employer pension contribution.
• Life Assurance Cover.
• Income protection.
• Private Medical Insurance plan (upon successful completion of probation period).
• Contribution to glasses/contacts and eye testing.
• Gym subsidy (up to £50 per month).
• Cycle to work scheme.
• Employee Assistance Program.
• Interest Free season ticket loan for travel.
• Birthday Leave.
• 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service.
• Give As You Earn (GAYE).

First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.