Financial Crime Prevention Team Leader

  • Post Date: August 25, 2021
  • Isle of Man
Job Description

You will be responsible for leading the team that evaluates and minimises the Group’s exposure to Financial Crime and/or regulatory breaches, whilst maintaining strong relationships with the team and its key stakeholders.

Duties and Responsibilities include:
– Act as the subject matter expert in relation to anti-money laundering, terrorist financing, fraud as well as anti-bribery and corruption;
– Responsible for completing financial crime activities in a compliant and efficient manner, including but not limited to transaction monitoring, suspicious activity reporting, customer screening, ongoing monitoring, and external data requests;
– Liaison with staff across the group on AML/CFT and Sanctions related matters and establishing close working relationship with the Compliance and Financial Crime teams;
– Provide advice and guidance to the business on all areas of financial crime within the confines of the Group Financial Crime related policies. Act as a facilitator between the business and the Financial Crime Prevention team;
– Create and maintain effective financial crime framework and documentation;
– Aide with the delivery of regular and appropriate Financial Crime awareness training across the group;
– Contribute to the on-going improvement of controls including the review and refinement of role specific training, transaction thresholds and reports etc;
– Work with relevant third parties and law enforcement agencies where necessary;
– Fully co-operate with risk management and audit oversight, owning any remedial actions identified;
– Provide updates for, and attend meetings, where appropriate;
– Manage the day to day running of the Financial Crime Operations function;
– Set team and personal objectives for team members. Monitoring these through performance management provisions, including monthly 1-2-1s, regular performance management reviews;

Skills and experience required:
– Experience of leading a team, ideally in Financial Services;
– Strong technical knowledge of the IOM financial crime regulatory regime across all areas of financial crime including, AML/CTF, Fraud and Sanctions;
– Knowledge and experience in the use of industry recognised systems and databases used to combat financial crime;
– Competent in reviewing, understanding, and applying legislation and regulation in a commercial and practical manner;
– Ability to engage with stakeholders at all levels of the business and be able to handle and manage conflict;
– Works well with others in the team and acts as a role model, setting high standards of quality and demonstrating commitment to self-development;
– Holds an industry recognised financial crime related professional qualification or is working towards one.

Phone 01624 615600