You are using the web browser we don't support. Please upgrade or use a different browser to improve your experience.
"icon arrow top"

Financial Crime Operations Manager


Payments Recruitment

£70,000 - £75,000 Per Annum

London, United Kingdom

Business Operations,Compliance,Fraud,AML,MLRO

Permanent | Full Time



Not specified

Financial Crime Manager – London

£70-75k basic + bonus & benefits


About the Role

We are looking for a Financial Crime Due Diligence Manager to take responsibility for identifying, understanding and mitigating the financial crime and reputational risks involved in entering new business relationships and maintaining/expanding existing relationships across correspondent banking. You will manage a team of individuals and take accountability for end-to-end due diligence processes at all stages of the customer lifecycle. 

About You

We believe that the best Managers enjoy what they do. Candidates should have a proven track record in financial crime with a focus on correspondent banking due diligence across varied types regulated financial institutions. Candidates should have sound knowledge of correspondent banking services; strong technical and regulatory knowledge across financial crime within the UK and a firm understanding of how to identify and mitigate risks within a business. Candidates must be passionate about the success of their team and be willing to take on new challenges and ways of working.

Core Skills and Experience:

·        Assess the effectiveness of financial crime frameworks implemented within varied types of financial institutions.

·        Provide strong technical and financial crime regulatory guidance and knowledge on how to mitigate and control for risk to internal and external stakeholders.

·        Interpret regulatory/industry guidance and apply requirements to different regulated entity types and business models (investment firms, MSBs, merchant acquirers, payment processors, cryptocurrency, prepaid cards etc).

·        Ability to recognise key risk indicators and proactively resolve recurring issues and streamline processes with various business departments and stakeholders.

·        Manage competing priorities to include the client onboarding experience, expectations and communications as well as all scheduled and trigger based due diligence reviews for Financial Institutions of all risk levels.

·        Coordinate the onboarding and inflight process, including the collection of client information required to complete the due diligence profile (at varying risk levels).

·        Handle decision making associated with PEP, Sanction & Enforcement alerts at onboarding and in-life.

·        Present recommendations on clients, to include exit/decline, supported by comprehensive assessments on financial crime risks and outcomes of investigations.

·        Assist with the development of internal quality control frameworks to ensure due diligence recommendations are of a high-standard and aligned to Regulatory and internal policy standards.

·        Take ownership of department procedures and implement system and process improvements.

·        Ensure accurate and timely management information reporting.

·        Provide training and guidance to direct reports, assisting with their learning and development.

·        Maintain knowledge of all applicable Financial Crime legislation, regulatory changes and industry best practice.

·        Work closely with 2nd line on due diligence, PEP, sanction and enforcement matters.

·        Provide subject matter knowledge and expertise to the business.

·        Build and maintain relationships with stakeholders across the business to meet role objectives and deliver key activities.

·        Support the wider Financial Crime Operations Team and others with ad hoc requests, projects or routine duties.

·        Act as a delegate for Head of Financial Crime Operations as and when required.