My client
My client is a dynamic and expanding specialist bank that provides solutions to their customers and brokers, which help them achieve their ambitions. Recognised as being one of the most dependable and well-respected Specialist Banks in the UK, they were delighted to see their balance sheet exceed the £2bn mark in 2022.
Exceptional customer service and the ability to provide rewarding deposits accounts and flexible lending solutions have helped them to develop productive and enduring relationships with their customers. They understand that their customer success is their success and that the quality of their people and teams, is key to delivering special outcomes for them.
We also understand that the performance of their people is directly linked to the culture in which they work. They have a strong sense of community at UTB and as well as promoting a clear set of internal values, and providing a wealth of facilities for training, personal development, and team building, they run a busy and varied calendar of engagement and social activity.
Typical recent examples include: Pizza Lunch Days and Coffee Catch-ups; London Marathon and Sahara Challenge Sponsorships; Success Sharing and Value Awards; and Awesome Autumn social events ranging from Theatre Trips, Cocktail Mixology, and Cookery Classes, to Go-karting, Mini Golf and Clay pigeon shooting.
Summary of role:
This is a new opportunity to work in my client's Financial Crime team where you will be the subject matter expert for the department's systems. You will also represent the Financial Crime team in projects that impact the Bank's exposure to financial crime.
You will assist the Compliance Director in the selection of any third-party providers used within the Bank's Financial Crime Control environment and be responsible for ensuring that financial crime controls are appropriately configured to protect the Bank, in line with risk appetite
Requirements:
- Managing and owning the Lexis Nexis RiskNarrative (LNRN) project from a financial crime compliance perspective
- Working with other business units, to identify LNRN project deliverables and timelines
- Support LNRN project plan and monitor closely to ensure timely delivery
- Deliver assigned financial crime compliance deliverables for LNRN project to agreed timelines, scope, and quality
- Identify LNRN project risks and issues and escalate these as appropriate with mitigation plans
- Ensure the LNRN project is delivered to required quality with evidenced testing to support this
- Complete on-going testing to ensure LNRN and other third-party solutions are operating in line with requirements and the Bank's risk appetite
- Create and maintain appropriate MI to evidence the effectiveness of the controls
- Make recommendations to the Compliance Director on control environment changes to further enhance the Bank's control environment
- Responsible for acting as the Financial Crime key stakeholder in Bank-wide projects
- Establish good working relationships with relevant project stakeholders for efficient implementation
- Liaise with Lexis Nexis and other third parties to deliver on project components
- Providing regular status updates on progress of LNRN project to Compliance Director and UTB Committees as required
- Support Compliance Director with other ad hoc work and system projects as required
Requirements:
- Strong Financial Crime understanding with previous experience in Financial Crime investigations
- Good understanding of mitigating financial crime risks through system automation
- Sound knowledge of AML Risk Based Approach concepts
- Knowledge of the regulatory and legislative requirements and industry practice for financial crime
- Experienced in financial crime compliance testing/ sampling and assuring processes and controls to mitigate financial crime risks
Benefits:
- Strong Financial Crime understanding with previous experience of Financial Crime investigations
- Good understanding of mitigating financial crime risks through system automation
- Sound knowledge of AML Risk Based Approach concepts
- Knowledge of the regulatory and legislative requirements and industry practice for financial crime
- Experienced in financial crime compliance testing/ sampling and assuring processes and controls to mitigate financial crime risks