Head Of Financial Crime - AML - 3LOD - MLRO - Retail Banking

Head Of Financial Crime - AML - 3LOD - MLRO - Retail Banking

Our client, a large financial services and retail network organisation, is currently undergoing a considerable Business Change Programme. They are looking for a Head Of Financial Crime, for an initial 6 month contract, to be based in London.

As a Head Of Financial Crime you will be responsible for ensuring the Bank is compliant with all relevant laws, regulations and regulatory expectations. Assuming accountability as the Money Laundering Reporting Officer (MLRO) you will also ensure the appropriate and effective controls in place to prevent, deter, detect and deal with attempts by criminals and terrorists to launder money through the Bank

Head Of Financial Crime Key Deliverables:

Defining and leading the bank's strategic approach to delivering robust regulatory compliance, in line with the bank's values and customer and regulator expectations

- Deliver independent, risk-based compliance assurance testing to evaluate controls designed to manage Conduct and Compliance risks across the bank, to provide confidence that Conduct and Compliance policy standards are effectively implemented
- Consistently and efficiently identify, measure, analyse and report Conduct and Compliance risks
- Manage the bank's relationships and interactions with its regulators

Oversee Financial Crime Risk Assessment

Produce a monthly Financial Crime Report as well as an annual MLRO report for the Board

Provide effective input and challenge to the 3LOD Assurance Map and annual plans

Champion ongoing financial crime training and awareness for Colleagues, ensuring these meet regulatory requirements

Manage delivery against Financial Crime team budget, including forecasting, resource allocation and prioritisation

Lead, manage and develop the Financial Crime team, ensuring professional capability is developed and meets the needs of the businesses and the Bank

Act in accordance with all delegated authority and expenditure limits mandated by the Board and the Group CEO, and oversee adherence to limits for direct reports

Head Of Financial Crime Required Skills:

Significant financial crime expertise from within a UK retail banking environment

Previous experience of operating in an MLRO capacity

Proven leadership skills

Relevant broad experience of banking products and services and of the UK Banking industry, regulatory and commercial environment

Experience of dealing with regulators, law enforcement and intelligence agencies

Strong knowledge of the relevant financial, regulatory and legislative developments affecting the marketplace and Banking

Detailed technical knowledge of core AML regulations (at least UK and EU) with the ability to understand and opine on complex situations and make the right decisions

Awareness of industry initiatives and multi-jurisdictional legislation and regulation relating to AML

If you match these requirements, please apply in the normal way. Elevate will send you an email, please open, click and action that email and your application will be visible to the hiring organisation directly.