Transaction Screening and Customer Screening
Manage the transaction and customer screening team, responsible for investigating and assessing alerts of potential financial crime risks to the Bank, including sanctions and money laundering
Manage workflows and establish, maintain and follow approved procedures within the turnaround times
Level 2 review of the transaction screening alerts and back up for level 2 review of the name screening alerts.
Ensure high quality of investigations is maintained, providing support and training to FC Associates to identify 'red flags' which may indicate potential suspicious activity when investigating alerts
Ensure timely, efficient reporting of suspicious activity reports (SARs) to the MLRO
Maintain relevant MI required for tracking alerts and escalated SAR's and any other activity within the team as may arise from time to time
Undertake investigations and follow up with stakeholders to resolve any issues that are raised
Responsible for developing and updating the transaction and customer screening process manual
Providing training as a Financial Crime Subject Matter Expert within the FCO team as well as other relevant departments and branches
Participate in the successful implementation of the new IT system for transaction and customer screening as well as transaction monitoring
Perform on-going review of the IT system used in generating alerts and provide constructive reports to Assistant Manager -Financial Crime Operations for system related changes for making the system / process more robustTransaction Monitoring
Manage the transaction monitoring team, responsible for investigating and assessing alerts of potential money laundering and financial crime risks to the Bank
Manage workflows and establish, maintain and follow agreed to calendar, procedures for transaction monitoring
Perform on-going review of the AML system used in generating alerts and provide constructive reports for system related changes for making the system/process more robust
Review alert scenarios and thresholds for effectiveness and draft a report outlining any proposed changes and the impact
Ensure efficient identification and monitoring of suspicious activities and transactions
Ensure high quality of investigations is maintained, providing support and training to TM Associates to identify 'red flags' which may indicate potential suspicious activity when investigating alerts
Ensure timely, efficient reporting of suspicious activity reports (SARs) to the MLRO
Maintain relevant MI required for tracking alerts and escalated SAR's and any other activity within the team as may arise from time to time
Undertake investigations and follow up with stakeholders to resolve any issues that are raised
Responsible for making amendments to the transactional monitoring process manual
Participate in the successful implementation of the new AML systemKYC Screening
Developing and implementing the system and procedures for the KYC.
Allocating roles and responsibilities with respect to these procedures across both the teams within the wider FCO team.
Monitoring the performance and submitting required MI on a periodic basis
Fraud Investigations and Reporting
Updating and implementing the Fraud investigation and reporting procedures
Coordinating with relevant departments and branches for reporting of suspected fraud incidents
Coordinating fraud investigations and submitting the reports
CIFAS coordination and reporting
Maintaining and reporting of Management Information
Undertake investigations and follow up with stakeholders to resolve any issues that are raised. Manage escalations by the team and cross departments ad to ensure timely resolution.
Manage and develop the team to achieve performance targets.
Coach and motivate staff through regular training sessions, role rotation and facilitating further career growth for the staff.
Participate in adhoc projects that may be identified from time to time
Keeping abreast with developments in regulations and industry best practice and updating the team membersCOMPETENCY
Good experience of business activities and Compliance within banking especially linked to FCA/ PRA/ICO and other regulations
Knowledge of retail and commercial banking products including SWIFT Operations
Sound understanding of AML Transactional Monitoring and Transactions Screening environment with experience in financial crime
Knowledge of regulations with respect to KYC, AML and Sanctions and Fraud
Knowledge and experience to comprehend and work with complex transactions
Experience in identifying unusual / suspicious transactions and outlining rationale. Knowledge and experience of risk-based approach pertaining to the AML processes
Salary description
£65000.00 - £70000.00 per year