About The Role

The second line financial crime team are responsible for oversight and assurance of financial crime risk for the Bank, this includes the Enterprise Risk Assessment, Governance, MLRO assurance and Testing and Monitoring. The team's mission is to oversee financial crime risk, protecting the Group, our customers and society. By setting policies and frameworks that enable decisions, with advice and challenge, to ensure we do the “right thing”.

What you will do

Working within our centralised Financial Crime Team, you will act as deputy MLRO assisting the MLRO in ensuring the Bank has visibility and operates in accordance with its regulatory requirements, that accountabilities are assigned and where necessary enforced.

Working as a leader within our 2nd line function, you will have the opportunity to work with a number of our business areas, as a subject matter expert providing assurance and executive challenge where appropriate. You will lead and manage the 2nd line Monitoring & Testing team taking ownership of strategy design to ensure a robust Financial Crime Monitoring and Testing (FCMT) regime which assesses the effectiveness of risk management and internal systems and controls in the Bank to enable timely and effective statements to management and the Board.

Key Responsibilities

  • Formulation of STB Economic Crime strategy and agreeing the implementation and execution together with the supporting frameworks and policy to ensure regulatory perspectives are met across the Group.
  • Produce and publish accessible Policies & Standards across the Group on all economic crime topics that ensure STB complies with all related regulation.
  • Lead a regular refresh of these documents as the regulatory landscape changes and ensure an embedding approach is utilized
  • Coordinate the governance over exceptions to policy and standards
  • Develop a comprehensive training suite that takes regard of higher risk roles which is relevant and monitored with oversight
  • Conduct regular horizon scanning via credible sources to ensure STB is well informed and acts on relevant regulatory and industry developments.
  • Set the FCMT plan across the group in agreement with the MLRO and directly manage the team in the execution of the Financial Crime Compliance Monitoring Programme for oversight and monitoring of the effectiveness of AML controls, providing intelligence and oversight of key risks and control issues. Work with individual Business Units to resolve any control weaknesses identified from these activities. Ensure that all stakeholders are consulted to check factual accuracy and materiality of findings prior to reporting.
  • Demonstrate expert knowledge for AML and other Financial Crime related requirements and issues, supporting and guiding on the proper application and interpretation of laws, regulations and policies applicable to the entire Group’s business line products and services. Act as an escalation point for complex issues.
  • Deputise for the MLRO as directed in every respect
  • On behalf of the MLRO development and draft of the MLRO annual report to the Board
What you will bring
  • Extensive knowledge and experience of financial crime frameworks and application of FCA handbook.
  • Governance, Financial Crime, law, legislation, regulatory matters and frameworks, risk management, controls and oversight.
  • Expert level understanding and knowledge of the UK, EU and Global regulatory framework and developments in regard to Financial Crime Compliance, including specifically knowledge of legal obligations, regulatory and guidance such as set out by the Proceeds of Crime Act, the Terrorism Act, FCA, JMSLG, outputs from FATF and EU money laundering directives.
  • Previous experience as a Nominated Officer desirable.
  • Previous experience of Commercial Finance (Invoice Finance), Asset Finance, Residential Development Finance, Retail Finance or Motor lending desirable.
  • Experience of technical policy writing
  • Experience of conducting 2nd Line reviews of business units and enterprise-wide systems and controls Qualifications

What is on offer

We offer challenge, variety and flexibility. We offer hybrid working. We offer a collaborative team environment. We offer tremendous autonomy. We provide feedback and support in helping you develop your career. And on top of all this, we offer a competitive salary, car allowance, private healthcare, share save scheme, inclusion in the company bonus scheme and a suite of flexible benefits that you can opt into to suit your lifestyle, from gym membership to discounted holidays and technology purchases.

We celebrate achievement and have a range of generous recognition schemes that reward both individual and team successes. We also offer free fruit, hot and cold drinks throughout the day, and your birthday off, on us.