Job Description
Job Purpose
To support the Deputy Money Laundering Reporting Officer in ensuring that the business unit has systems and controls in place to satisfy legal and regulatory requirements.
As the Financial Crime Professional Services Manager, you will assist the DMLRO in managing the day to day running of the firm's financial crime team for your business area and deputise for the DMLRO in their absence. You will carry out regular monitoring and provide advice and recommendations on all relevant financial crime issues for your business area (Professional Services). You will support the MLRO and DMLRO in delivering on their regulatory obligations, including producing the MLRO annual report and financial crime risk assessments.
The role holder will be expected to assist the MLRO and DMLRO in developing the financial crime function, including acting as a point of escalation for their reports and manage the financial crime issues tracker.
Key Responsibilities
- Deputise for the DMLRO in their absence.
- Maintain a current knowledge of Financial Crime related legislation and guidance and make recommendations as appropriate.
- Ensure that up-to-date risk assessments are documented and maintained with support from the MLRO and DMLRO.
- Investigate Politically Exposed Persons, Economic Sanctions and Financial Crime referrals.
- Assist in responding to law Enforcement requests for information and Court Production Orders.
- Ensure the submission of reports to the relevant authorities where necessary.
- Ensure that policies and procedures are kept up to date.
- Provide appropriate, consistent advice on financial crime matters to line management and staff, escalating issues as necessary.
- Attend appropriate internal committees and external forums.
- Review EDD for higher-risk potential clients and existing clients, escalating concerns to DMLRO/MLRO as appropriate
- Ensure that appropriate systems and procedures are in place to screen new and existing clients and payments, against required lists of financial sanctions targets and PEPs, and ensure the review and escalation of true matches.
- Ensure that appropriate systems and procedures are in place to monitor for potential market abuse where relevant, to prevent fraudulent and money laundering suspicious activity, bribery and corruption, and the facilitation of tax evasion.
- Carry out training on financial crime key competencies where the business requires it.
- Investigate financial crime related escalated referrals.
- Ensure appropriate management information is collated and reported
- Train, develop and manage direct reports and more junior members of the team.
Qualifications
- Extensive experience in a Financial Crime/Compliance role within professional services or other relevant sector.
- Must be able to demonstrate an in-depth knowledge of Anti Money Laundering and other financial crimes legislation and related guidance pertaining in particular to professional services.
- Excellent communication skills both written and verbal
- Significant experience of analysing legislation, interpreting and advising accordingly.
- Relevant qualifications in financial crime prevention desirable but not essential based on experience
- Good inter-personal skills, judgement and decision-making ability, and a determined and proactive approach.
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