Financial Crime Compliance Manager - City of London, United Kingdom - BCT Resourcing

BCT Resourcing
BCT Resourcing
Verified Company
City of London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description

Compliance Manager - Financial Crime (12m FTC)

City of London

£80,000 per annum
The primary focus of this role is to provide day to day financial crime compliance support to the business across EMEA related to:

  • Sanctions Compliance
  • Anti-Money Laundering & Counter Terrorist Financing (AML/CTF)
  • Anti-Bribery & Corruption (ABC);
  • Prevention of Tax Evasion;
  • Market Abuse; and
  • ESG related financial crime risks (e.g. Prevention of Human Trafficking).
Key Responsibilities - related to the financial crime pillars listed above:
Keep up to date - Maintain an excellent knowledge of:

  • EMEA's financial crime framework of policy, guidance, controls and 2nd line procedures.
  • How these controls mitigate financial crime risk, and how risk assessment, monitoring, oversight and assurance procedures and activity should be applied to the company's financial crime control framework to mitigate financial crime risk and identify gaps.
  • All applicable financial crime laws and regulations and how the changing legal environment impacts the company's control environment.
Planning
Work with the Senior Compliance Manager (Financial Crime) and the wider Compliance Team to ensure that:

  • EMEA's financial crime framework of policy, guidance, controls and 2nd line procedures are updated to meet changing legal and regulatory obligations.
  • Riskbased assessment, monitoring, oversight and assurance procedures and activities are in place to provide assurance that all applicable legal, regulatory and policy standards are being met.
  • Framework enhancements are developed and implemented following the identification of any gaps or remediation arising from policy breaches.
Performing

  • Maintain EMEA's financial crime framework of policy, guidance, controls and 2nd line procedures.
  • Provide proactive and reactive financial crime compliance activity, advice and support.
  • Lead or supervise risk assessment, monitoring, oversight and assurance activity.
  • Partner with Compliance Monitoring on Compliance Assurance Reviews and thematic reviews and provide support on technical issues.
  • Oversee analysis of data and management information reports, identify trends.
  • Lead and/or perform internal investigations, as required.
MI & Reporting

  • Oversee the production high quality management information and reports in a timely manner, clearly identifying gap, issues and enhancements, where required.
  • Oversee closure of gaps identified and ensure financial crime breaches and incidents are followed up to closure.
  • Present report findings to management.
  • In relation to financial crime monitoring, assist in the production of departmental MI and committee reporting.
Other

  • Undertake all other financial crime assurance activity and financial crime work allocated from time to time by the Senior Compliance Manager (Financial Crime).
  • Adhere to departmental policies and procedures, particularly those relating to compliance monitoring and quality assurance, advice, record retention and training, etc. Work within the framework of the company's ethical and service standards.
  • Develop and maintain effective working relationships with key stakeholders. Attend key business meetings. Be responsive, working to the department's service level agreements. Where required, negotiate and influence to ensure compliance.
  • Manage outsource partners, where required.
  • Escalate issues, seek guidance and report as necessary to the Senior Compliance Manager (Financial Crime).
  • Carry out ad hoc work as instructed by the Senior Compliance Manager (Financial Crime) and Regional Compliance Officer, EMEA.
  • University Degree (desirable).
  • Working to or attained CERT CII/CII (desirable).
  • Financial crime experience (minimum of 5 yrs, desirable).
  • Monitoring and quality assurance experience.
  • Experience of insurance industry is very important.
  • Proficiency in a European language an advantage, but not a strict requirement.
  • You will have an understanding of the insurance industry, especially nonlife sectors. They must also have a good understanding of the UK and EU regulatory environments. Some knowledge and experience of Middle East and African regulations desirable.
  • You will work well within a team and be adept at handling competing priorities with excellent time management and organisation skills.
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