Financial Crime Officer - Stoke-on-Trent, United Kingdom - The Hanley Economic Building Society

The Hanley Economic Building Society

Verified Company

Stoke-on-Trent, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Our aim at the Hanley is to combine the traditions and roots of a mature organisation with the verve and efficiency of a modern business, by operating as a successful mutual organisation with high quality customer service at its core.

You might like to know

We are listed as one of the "Top 100 Med-Sized Businesses to Work For in the UK" (#42), one of the "Top 30 Financial Firms" (#11) and we are listed in "Top 100 Businesses to Work for in the Midlands" all in 202
We offer subsidised gym membership to help you stay in tiptop shape
An enhanced pension scheme is provided
Colleagues get an extra day off for their birthday too
Staff mortgage product
Staff saver product
Hybrid working

and lots more

We welcome people from all ethnicities and backgrounds and we are inspired to create a more inclusive workplace.

Purpose of the Role

As the Financial Crime Officer, you will play a key role within the Risk Team, assisting the MLRO with all Financial Crime advisory and monitoring activities covering mortgages, investments and payment processes.

Responsibilities include but not limited to:

In the absence of the Head of Risk act as the Money Laundering and report information as required
Deliver Compliance Monitoring Plan and assurance activities approved annually by Audit and Compliance Committee
Deal with any business queries
Conduct transaction monitoring and exception reviews
Assist or conduct the investigation of Suspicious Activity Reports and report suspicions to relevant authorities where necessary
Perform annual Financial Crime, Fraud and Corruption Risk Assessments and Payments Risk Assessments
Assist the MLRO in production of an annual MLRO report
Perform an Annual review of the relevant Financial Crime policies including AML, fraud (incl. mortgage fraud), financial crime and associated CBT training modules
Horizon Scan for applicable regulatory or statutory changes re financial crime and payment services and regulations
Interpret regulatory changes, assess impact and assist the business in implementation of these changes
Undertake reporting to the management committee and the board on matters relating to financial crime and payment risk
Review and challenge systems and controls in place to protect vulnerable customers
Oversee performance of the outsource system providers managing Financial Crime and Fraud risks including SIRA system and report on exceptions to suppliers performance as well as internal processes and checks outcomes
Maintain your own CPD record in line with FCA requirements for regulated individuals
Ensure that staff and members' data is secure, accurate and used correctly in line the Society GDPR policy and standards.
Adhere to the Society Financial Crime Policy, the controls and report any internal or external incidents of actual or suspected fraud, money laundering or financial crime, either in accordance with the internal money laundering process (Suspicious Activities Report) or via the Society's Whistleblowing Policy.
Complete and pass an annual dedicated financial crime and bribery prevention computer based training test.
Keep and maintain records of High Risk customers
Maintain effective relationships with Management, Team and staff to ensure that the aims of the Society are achieved
Support a continuous improvement culture within the Society by promoting the identification of opportunities to improve processes

Person Specification

Essential:

Professionally qualified in Financial Crime e.g. certificate or diploma

Desirable:

Minimum 5 years work experience in banking or building society environment
CeMap qualified

Skills & Experience

Demonstrable experience, knowledge and skill in understanding regulatory issues of Anti-Bribery and Corruption controls and Anti-Tax Evasion/Avoidance measures
Knowledge or experience using financial crime systems such as Dow Jones
Strong understanding of Client Due Diligence and Know Your Client/Customer and Customer Risk Rating
Methodical, thorough and attention to detail
Ability to undertake AML and Financial crime Monitoring activities and produce written recommendations to the business
Ability to resolve conflict and deal with confrontation through tact and skill
A strong technical knowledge of risk and compliance issues within the financial sector
Excellent communication skills, able to communicate effectively with staff and external parties including the Regulator
The ability to interpret regulatory guidance in a commercial context
Ability to communicate at Board level on strategic regulatory issues
Experience in undertaking gap analysis, training, stakeholder management and advisory experience
Demonstrates high level of personal ethics and conduct
Ability to work independently, but a strong team player
Ability to act in good faith toward retail customers
Ability to enable and support retail customers to pursue their financial ob