Head of Financial Crime Prevention

Isle of Man

Permanent

Our client seeks a Head of Financial Crime Prevention to join their team.

Role Profile: To manage and lead the Financial Crime Prevention function within the compliance department. To develop, maintain and implement the AML/CFT/CPF framework to ensure compliance with the Financial Crime prevention regulatory landscape of the group. To support the bank with the implementation of applicable policies and procedures. To provide specialist Financial Crime prevention related guidance and advice. To identify & address AML/CFT/CPF specific awareness & training needs.

Key Responsibilities:

Implement and maintain an AML/CFT/CPF reporting system that ensures efficient, high quality and consistent reporting is delivered as required to the relevant committees, forums and regulators.
Implement, maintain and participate in governance structures in order to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies.
Keep abreast of and analyse relevant legislative and regulatory developments, taking into account all the different jurisdictions in which the Group operates, in order to inform the Functional Framework, to understand the implications for the organisation and to deliver expert advice to the Business Lines and Corporate Functions.
Lead the preparation for regulatory inspections/reviews, and the continued support throughout the duration of the inspection. Consider regulatory inspection outcomes and utilise these to influence framework enhancements, identify deficiencies that require remediation from an AML/CFT/CPF perspective and ensure these are addresses, and to track progress made in terms of relevant remedial actions, and ensuring that inspection outcomes and identified gaps are reported at the applicable forums.
Leverage strong personal power across all stakeholders across all jurisdictions. Influencing stakeholders to adopt, embed and comply with the Framework is an essential outcome.

Key Skills and Experience:

First Degree in Business Commerce, Legal, Risk Management (Required)
Post Graduate Degree in Legal, Risk Management (Preferred)

8 - 10 years' experience in Compliance
Financial Crime Prevention or Compliance in the banking or financial industry. FCC frameworks. Risk assessments and risk-based approach to compliance. Strategic planning and operationalisation. Banking Products, Processes, Systems and Data.
The role requires a leader seasoned and expert in Compliance with profound knowledge of the full dimensions of the field, but deep expertise in the relevant area of specialisation. Regulatory environment savvy, a proven track record in influencing seasoned leaders and employees across multiple jurisdictions and business areas to effectively implement compliance frameworks.

Your specialist: Sally Fenton

Quote job ref: 16478

Hi, I'm Sally and this is one of the job roles I am looking after for this super business. If this job is of interest for you, please submit your CV and we will come back to you to arrange the next staging.