Financial Crime Compliance Manager - FCC - Banking

Location: Central London (Office Based)

Salary: circa £65k - £70k + Excellent Benefits

Job Type: Full Time, 6 Months FTC

Our client who are a prominent foreign bank, seeks a Financial Crime Compliance Manager to join their team in London.

Reporting to the Head of Compliance & MLRO, you will play a pivotal role in ensuring the departments adherence to regulatory standards aimed at safeguarding the bank against terrorist financing and money laundering risks.

The Role:

The FCC Manager will collaborate with the Head of Compliance Management to draft and uphold policies and procedures that adhere to all relevant regulations.

This role entails establishing effective frameworks to ensure comprehensive compliance across all levels of the organisation, including Senior Managers and the Executive team.

Responsibilities:



* Collaborating with heads of business departments and the Risk and Regulatory Compliance Department to formulate procedures.


* Providing targeted training in AML and CFT to devise streamlined solutions for implementing regulatory changes.


* Monitoring and staying abreast of regulatory updates and new rules from regulatory bodies such as the FCA, PRA, and PSR, and educating the business accordingly.


* Identifying, comprehending, and offering guidance and advice on changes in regulatory requirements, while remaining fully informed of new developments.


* Assisting in the development of risk reporting tools and metrics to maintain an ongoing profile of the banks TF & ML risk.


* Aiding in the preparation of concise reports for committees and the executive team.


* Establishing policies for the prevention of financial crime, particularly offering guidance on AML, CFT, fraud, sanctions, and ABC risk assessments, as well as the CDD and EDD requirements for specific client relationships.


* Ensuring strict compliance with the FCA Handbook, Principles, and expectations, as well as UK and EU financial crime Rules and Regulations, including recommendations from organisations like FATF and JMLSG.


* Lead in horizon scanning, interpretation, and integration of updates to AML/CTF measures and controls, ensuring the mitigation of financial crime risks within the UK financial industry.


* Oversee Fraud policy development, assess sanctions referrals and Financial Crime queries, implement Anti-Bribery and Corruption Policies, and assist in the implementation of changes to AML/CTF/Financial Crime Controls.


* Coordinating AML/financial crime control training sessions, and reviewing and processing Suspicious Activity Reports (SARs) in collaboration with the MLRO, making it an exciting and rewarding prospect for candidates seeking to make a significant impact in the financial crime compliance field.





Requirements:



* Previous experience working as a Financial Crime Compliance Manager / FCC or in a similar role within a Bank


* Financial Services experience, specifically working with regulatory bodies such as FCA, PRA, and PSR.


* Knowledge and experience of training in AML and CFT.


* Regulatory Policy and Report Creation.




* AML / CTF / Financial Crime rules, controls and requirements


* Stay informed of AML regulatory bodies in various jurisdictions, proposing enhancements to AML / Financial Crime controls.


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