Head of Financial Crime Strategy – Controls
Chetwood Bank
full-time
Posted on:
Location Type: Hybrid
Location: London • 🇬🇧 United Kingdom
Visit company websiteJob Level
Lead
About the role
- Act as the bank’s Nominated Officer, leading internal investigations and being responsible for liaising with external agencies and filing Suspicious Activity Reports (SARs) to the National Crime Agency (NCA)
- Support the Director of Financial Crime and Fraud through the design and facilitation of the annual firm wide financial crime risk assessment process, and preparation for the annual MLRO report.
- Own the definition and delivery of the Bank's Line 2 financial crime assurance plan.
- Lead the bank’s financial crime detection and prevention strategy, working with key business stakeholders to focus on technology integration, optimisation and automation
- Provide financial crime SME input to the bank’s change program to support new products and initiatives, ensuring that relevant risks are identified and mitigated, and the bank meets it policy and regulatory requirements.
- Support the MLRO with the development of the bank’s financial crime risk framework and lead the design, development and ongoing review of Chetwood’s policies, associated standards, procedures, and processes to manage fraud and financial crime risks.
- Support with the design and delivery of reports and management information (MI) to MLRO, ExCo and the Board Committees, outlining the adequacy of Fraud and Financial Crime systems and controls.
- Support the MLRO in leading the Chetwood Financial Crime and Fraud Forum, reviewing and updating the Forum Terms of Reference and coordinating papers, taking minutes and supporting with Line 2 Financial Crime actions.
- Act as a subject matter expert to work collaboratively with other Risk colleagues, providing insight and analytical expertise on risk management Chetwood Bank to internal and external stakeholders.
- Support business areas with Line 2 oversight of 3rd party onboarding and ongoing monitoring per SYSC8 outsourcing requirements, including the likes of loan originator partners, deposits aggregator platforms and other relevant third parties providing services to, or partner to transactions with Chetwood Bank.
- Provide oversight and challenge to business area RCSA’s, ensuring financial crime risks and controls are adequately identified and evaluated.
- Design and deliver a robust Fraud and Financial Crime programme of training.
Requirements
- Expert knowledge and practical application of obligations under the UK regulatory regime and best practice principles, including the UK Money Laundering Regulations, JMLSG Guidance Notes, FATF Guidance and Wolfsberg group.
- Extensive knowledge and financial crime experience, ideally gained as a Deputy MLRO from a Payments, Deposit accounts or SME Lending.
- Strong experience in Line 2 oversight activities, supporting the design and delivery of scalable financial crime frameworks and control environments.
- Leading fraud management expertise and practical knowledge working with external agencies, such as Cifas.
- Professional accreditations from recognised industry bodies (ICA or ACAMS) and a commitment to continual professional development are preferred
- Considerable skills and experience of fine tuning/optimising and implementing financial crime technology/SaaS solutions.
- Experience in presenting to Executive Committees, Board Committees and Senior Management, with experience in translating legislative obligations into clear deliverables that support the business.
- Ability to define and articulate risk based fraud and financial crime control risks at a strategic level, applying a pragmatic approach to their implementation across business processes, new product design, current and future delivery channels
Benefits
- Competitive salary
- 25 days holiday PLUS your BIRTHDAY off
- Pension contribution with Royal London
- Life Assurance
- Private medical, dental and optical health insurance with Axa
- Hybrid working – Wrexham
- Free breakfast available
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
financial crime risk assessmentfinancial crime assurance planfraud managementfinancial crime technologyrisk managementfinancial crime frameworkssuspicious activity reportscompliancedata analysistraining program design
Soft skills
leadershipcommunicationcollaborationanalytical expertisestrategic thinkingpresentation skillsproblem-solvingstakeholder engagementorganizational skillsadaptability
Certifications
ICAACAMS