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- Tasks: Lead financial crime operations and ensure compliance with regulations in a dynamic banking environment.
- Company: Join a forward-thinking commercial and retail bank focused on mortgages and lending.
- Benefits: Competitive salary of £105,000 plus bonus, hybrid work model, and professional development opportunities.
- Why this job: Make a real impact in financial crime prevention while leading a dedicated team.
- Qualifications: Significant experience in financial crime risk leadership and knowledge of regulatory frameworks required.
- Other info: Opportunity for career growth in a supportive and innovative banking culture.
The predicted salary is between 63000 - 84000 £ per year.
Rev & Regs are recruiting for a Head of Financial Crime Operations role for a dynamic commercial and retail bank focused on mortgages / lending. The Head of Financial Crime Operations is responsible for undertaking and providing oversight of key financial crime prevention and detection activities in line with the Group's risk appetite and financial crime policies and procedures.
Responsibilities:
- Delivering a 1LOD financial crime model that aligns with the Board and Executive Committee expectations and has both the capacity and capability to manage financial crime controls and tasks that sit within 1LOD.
- Leadership of the Financial Crime Team in executing their duties, including but not limited to Onboarding, Name Screening, Payment Screening, Transaction Monitoring, Fraud, Periodic & Event Driven Reviews and Quality Assurance.
- Developing and maintaining a positive and professional working relationship with key stakeholders including 1LOD Managing Directors, Money Laundering Reporting Officer and 2LOD Financial Crime.
- Fostering a culture of continuous improvement by identifying opportunities to enhance controls and/or leverage technology to mitigate relevant financial crime risks.
- Driving operational efficiency and reducing costs by identifying and implementing continuous improvements in the team's operations and processes, reducing subsequent year-on-year headcount requirements.
- Developing and maintaining financial crime processes and procedures that adhere to and achieve internal, regulatory, and legal requirements.
- Collaborating with the Compliance department (2LOD Financial Crime) where necessary to seek advice on complex financial crime risk related matters and to support production of risks assessments and MLRO report.
- Ensuring that performance of key financial crime controls owned by 1LOD are subject to appropriate quality assurance/control/testing.
- Ensuring that screening and transaction monitoring controls are risk assessed, calibrated and subject to ongoing efficacy reviews in line with risk appetite and subject to appropriate 2LOD Financial Crime oversight.
- Providing financial crime expertise, where necessary, in assessing business transformation or small change projects and product reviews to ensure that such meet internal, regulatory and legal requirements.
Experience:
- Significant demonstrable experience in a financial crime risk leadership role, or similar.
- Experience within the mortgages / lending industry is an advantage.
- Demonstrable experience leading and managing a team responsible for performing financial crime control management.
- Exceptional knowledge of financial crime risks, controls and the assessment of such.
- Strong understanding of the legislative and regulatory frameworks that apply to financial services institutions regulated by the FCA and PRA for Financial Crime.
- Holds a professional qualification in Financial Crime Prevention (such as ICA or ACAMS), or similar.
Salary: £105,000 plus bonus
Location: Hybrid (3 days per week in City of London)
Head of Financial Crime Operations in London employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Crime Operations in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial crime sector and let them know you're on the hunt for a Head of Financial Crime Operations role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial crime risks and controls. Be ready to discuss how you've led teams in the past and how you can drive operational efficiency. Show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Don’t forget to showcase your leadership skills! When chatting with potential employers, highlight your experience in managing teams and fostering a culture of continuous improvement. They want to see that you can lead the charge in financial crime operations.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you nail that application process. Plus, it shows you’re serious about joining our team and makes it easier for us to keep track of your application.
We think you need these skills to ace Head of Financial Crime Operations in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Head of Financial Crime Operations role. Highlight your experience in financial crime risk leadership and any relevant qualifications, like ICA or ACAMS. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about financial crime prevention and how you can lead our team effectively. Keep it engaging and make sure to mention your experience in the mortgages/lending industry if you have it.
Showcase Your Leadership Skills: As a potential leader, we want to see examples of how you've successfully managed teams and improved processes in your previous roles. Share specific achievements that demonstrate your ability to foster a culture of continuous improvement and operational efficiency.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Don’t miss out on this opportunity!
How to prepare for a job interview at Rev & Regs
✨Know Your Financial Crime Stuff
Make sure you brush up on your knowledge of financial crime risks and controls. Be ready to discuss specific examples from your past experience, especially in relation to mortgages and lending. This will show that you understand the industry's nuances and can lead effectively.
✨Showcase Your Leadership Skills
Prepare to talk about your leadership style and how you've successfully managed teams in the past. Think of specific instances where you fostered a culture of continuous improvement or drove operational efficiency. This is key for the Head of Financial Crime Operations role.
✨Build Relationships
Highlight your ability to develop positive working relationships with stakeholders. Be prepared to discuss how you've collaborated with compliance teams or other departments to enhance financial crime controls. This shows you're a team player who values collaboration.
✨Stay Updated on Regulations
Familiarise yourself with the latest legislative and regulatory frameworks relevant to financial services. Being able to discuss recent changes and their implications will demonstrate your commitment to staying informed and compliant in this ever-evolving field.
