At a Glance
- Tasks: Lead the Bank's Financial Crime function and ensure compliance with regulations.
- Company: A leading bank transforming cross-border payments with innovative digital services.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Join a forward-thinking team in a rapidly evolving industry.
- Why this job: Make a real impact in financial crime prevention and shape the future of banking.
- Qualifications: Experience in financial crime compliance and strong leadership skills.
The predicted salary is between 72000 - 88000 £ per year.
- Head of Financial Crime Prevention & MLRO Department: Compliance
- Job
Title: Head of Financial Crime Prevention & MLRO Reports to: Director of Risk & Compliance Type of position: Full time The Bank A leading issuing bank, who has been transforming the future of cross border payments to serve our Clients over the past 16 years.
The Bank is now embarking on a journey to expand its banking product range with the intention of offering digital corporate banking services.
The Bank has offices in London and Gibraltar, currently serving innovative Clients through a portfolio of e- money products and payment services.
As a leader in the industry, we set the standard for excellence in the payments sector.
We are forward thinkers in a complex ecosystem and partner with cutting-edge Fintech's to challenge the way we conventionally bank for the better.
Investors Our parent company, IDT Corporation, is an innovative and opportunity-seeking multinational company headquartered in the US and listed on the New York Stock Exchange, with offices across the globe.
Role Outline The MLRO & Head of Financial Crime is responsible for leading the Bank's Financial Crime function and fulfilling the statutory responsibilities of the approved Money Laundering Reporting Officer (MLRO).
The role provides strategic oversight of the Bank's anti-money laundering, counter terrorist financing, counter-proliferation financing, sanctions and fraud risk frameworks, ensuring effective systems and controls are maintained to meet legal, regulatory and internal governance requirements.
The role leads the Financial Crime Team, providing direction, oversight and subject matter expertise across the Bank's corporate banking and payment services activities.
Working closely with senior management, business functions and regulators, they will be responsible for promoting a strong financial crime compliance culture, and ensuring the Bank's financial crime framework remains robust, proportionate and aligned with regulatory expectations.
Main Responsibilities 1.
Regulated individual, subject to approval from the GFSC to act as the Bank's MLRO, fulfilling all statutory responsibilities under applicable AML, CTF, CPF and Sanctions legislation, regulations and regulatory guidance. 2.
Oversee the investigation and escalation of unusual and suspici...
IDTFS Head of Financial Crime Prevention & MLRO in London employer: Idtfinance
As a leading issuing bank located in Gibraltar, we pride ourselves on fostering a dynamic work environment that encourages innovation and collaboration. Our commitment to employee growth is evident through our comprehensive training programmes and opportunities for advancement within the rapidly evolving landscape of digital corporate banking. Join us to be part of a forward-thinking team that sets the standard for excellence in the payments sector while enjoying the unique advantages of working in a vibrant location known for its rich culture and stunning scenery.
StudySmarter Expert Advice🤫
We think this is how you could land IDTFS Head of Financial Crime Prevention & MLRO 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.
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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 Idtfinance. 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 IDTFS Head of Financial Crime Prevention & MLRO 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 Idtfinance.
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 Idtfinance'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 Idtfinance
✨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 Idtfinance.
✨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 Idtfinance 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 Idtfinance 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.
