Company: United Trust Bank Limited
Location: United Kingdom
Employment Type: Full-time
Description:
United Trust Bank’s Financial Crime team, housed within the Bank’s Compliance team, works to ensure the Bank’s compliance with current and forthcoming applicable financial crime regulatory regimes.
We are looking to hire a Financial Crime Officer who will undertake financial crime prevention and detection activities in line with UTB’s risk appetite and financial crime policies and procedures. Their main focus will be to support the delivery of the Bank’s Financial Crime Compliance Monitoring Plan and perform horizon scanning.
We work to a hybrid work pattern of 3 days in the office and 2 days working from home
Responsibilities:
• Assist the Financial Crime Manager in the execution of the Financial Crime Monitoring Plan, by designing test scripts, completing testing and report writing related to Financial Crime assurance reviews
• Proposing actions to address root causes and identifying opportunities through Monitoring work to support the improvement of processes and procedures
•… Tracking of review actions and providing updates on closure progress to the Financial Crime Manager
• Ensure that regulatory requirements are being met and applied across a number of financial crime areas, including Anti-Money Laundering (AML), Fraud, Sanctions, Anti-Bribery and Corruption (ABC) and Anti-Tax Evasion
• Performing effective and timely horizon scanning, assisting the Financial Crime Manager in providing guidance to the business on papers/guidance and regulatory change
• Supporting the Financial Crime Manager in the drafting and revising of documentation related to the Bank’s monitoring systems and Financial Crime Policy and Procedures
• Assist the Financial Crime Manager and wider team in the completion of Financial Crime projects and other Financial Crime related tasks
• Supporting the Financial Crime Manager/ Head of Financial Crime to deliver Financial Crime Training for employees across UTB
Skills and Experience sought:
• Current knowledge of money laundering, sanctions, fraud, bribery and corruption laws/regulations
• Sound knowledge of AML Risk Based Approach concepts
• 2-3 years’ experience in conducting financial crime monitoring reviews including testing, sampling, report writing and assuring processes and controls to mitigate risk
• A good knowledge and understanding of UK regulations and legislations relating to AML/CTF (Anti-Money Laundering/Counter-Terrorist Financing), Fraud ABC and Sanctions
• A good knowledge and understanding of regulatory and industry best practice for financial crime, including JMLSG, The Wolfsberg Group and FCA Financial Crime Guide
• International Compliance Association Financial Crime qualification desirable, or equivalent professional qualification
Equal Opportunities
We’re an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive
Source: LinkedIn
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