Financial Crime Officer - London, United Kingdom - ABN AMRO

ABN AMRO

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Financial Crime Officer

At a glance:

The Financial Crime Officer is positioned in the Compliance department and has a reporting line to the Money Laundering Reporting Officer (MLRO).

The compliance function centres on compliance risks. Its mission is to assist senior management in identifying, assessing and effectively managing the compliance risks of ABN AMRO.

It has developed a risk-based approach designed to ensure that every reasonable measure (including policies, procedures, instructions, IT systems, monitoring methods, awareness and training activities, objective-setting, incentives, deterrent measures and sanctions) is taken in order to avoid or reduce the possibility of such compliance risks occurring and to minimise the damage if such a risk should nonetheless occur.

The department is responsible for all UK matters on advice, policy, training, regulatory developments, and monitoring regarding both financial regulations and combating financial crime.

Your job:

Supporting the MLRO, the FCO will enhance the advisory, monitoring, and training processes in connection with financial crime oversight framework.

The FCO will be dedicated to doing this in a way that:

upholds the firm's legal, regulatory, ethical standards and reputation;

- fosters partnerships, collaboration and the compliance culture throughout the firm;
- heightens awareness of relevant AML, sanctions and financial crime regulatory issues; and
- support the MLRO in delivering consistent guidance, advice and innovative solutions;, in all matters relating to AML and Financial Crime to the key business lines, including; Clearing, Global Markets, Lease and Commercial Banking International (Dutch Desk).

To assist the MLRO with the monitoring and oversight of AML, sanctions and financial crime risks.

This role will also require working with the MLRO to foster good working relations with Head Ofiice Compliance, and Security Intelligence Management to ensure that global policies are understood, and where applicable reflect local UK requirements via the relevant policy uplifts.

The FCO supports the MLRO; who is the primary point of contact on day to day business activities, fulfil the key monitoring and oversight activities, as set out in the financial crime plan devised by the MLRO.

The Financial Crime Officer has the following responsibilities:
Advisory

Assist the MLRO with providing the business and support functions with a proactive, expert and effective financial crime advisory service.

Monitoring
Undertake financial crime monitoring activities, as directed by the MLRO in the annual financial crime monitoring plan.
Undertake ad hoc client file reviews, as directed by the MLRO in relation to emerging risks or concerns.
Policies and Procedures

Assist the MLRO in maintaining adequate policies and procedures sufficient to achieve compliance with ABN AMRO's obligations under relevant regulations and for countering the risk that the business line might be used to further financial crime.

Reporting

Provide input on periodic Dashboard and MI reporting to assist the MLRO report on the key MI metrics relating to financial crime matters.

Produce written reports on specific client file reviews for the MLRO in a format determined by the MLRO.

Risk Identification and Assessment

On a systematic basis, and in line with the monitoring plan devised by the MLRO, identify and assess financial crime risks.

Keep abreast with current EU, FCA, DNB, ECB and AFM AML / Financial Crime regulations.

Your working environment:

ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.
At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility.

Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future.

We want to be the bank that leads the way.

Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.

We concentrate on our three strategic pillars:

Support our clients' transition to sustainability
Reinvent the customer experience
Build a futureproof bank

Our strategy requires a culture of working together and permanent learning. It's only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO's culture is the catalyst f