Assistant Manager- Financial Crime Operations (FTC-perm)

Compliance Professionals; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A successful banking firm in the UK seeks an Assistant Manager in Financial Crime Operations. This role involves managing a team, monitoring sanctions and fraud activities, and ensuring compliance with AML and CTF standards. Candidates should have a strong understanding of UK regulatory frameworks and excellent communication skills. This position is critical for maintaining effective crime prevention at the firm.

Qualifications

• Strong understanding of FCA, PRA, OFSI, NCA, and ICO requirements.
• Practical understanding of retail banking products.

Responsibilities

• Manage the Financial Crime Operations team.
• Oversee the end-to-end process of sanctions and name screening.
• Review alert scenarios and thresholds for effectiveness.

Skills

Understanding of UK Sanctions and Fraud regulatory frameworks

Knowledge of financial crime systems

Analytical skills

Excellent written and verbal communication skills

Job description

THE COMPANY:

Our client is a successful retail and corporate banking firm. They are looking to hire an Assistant Manager- Financial Crime Operations.

THE RESPONSIBILITIES

• Manage the Financial Crime Operations team, ensuring timely and accurate handling of all screening and monitoring alerts and fraud tickets.
• Provide guidance, mentoring, and training to the team
• Oversee the end-to-end process of sanctions and name screening
• Manage the live payment screening process, ensuring real-time review of alerts and escalation of potential sanctions breaches or suspicious activity.
• Conduct reviews of sanction screening and high-risk payment alerts, ensuring appropriate escalation and documentation.
• Oversee transaction monitoring alerts
• Review alert scenarios and thresholds for effectiveness;
• Support implementation of enhanced fraud monitoring controls
• Support the review and verification of customer onboarding and CDD files for high-risk customers.
• Participate in ongoing monitoring of customer activity and trigger events, ensuring compliance with AML and CTF standards.
• Provide feedback and guidance to the onboarding and compliance teams on CDD quality and risk indicators.
• Coordinate with IT and external vendors to support the successful implementation of new models and system upgrades.
• Maintain Management Information (MI)
• Prepare periodic reports and updates
• Compose financial crime updates for internal communication
• Participate in cross-functional working groups, audits, and regulatory reviews
• Lead or support ad-hoc projects and initiatives

EXPERIENCE REQUIRED

• Strong understanding of UK Sanctions and Fraud regulatory frameworks, including FCA, PRA, OFSI, NCA, and ICO requirements.
• Knowledge of financial crime systems, including transaction monitoring and sanctions screening tools.
• Practical understanding of retail banking products ideally
• Analytical skills with ability to interpret complex transactions and identify red flags.
• Experience with risk-based approaches to financial crime prevention.
• Excellent written and verbal communication skills, including report drafting for senior management and Board-level committees.

For further information please contact Natalie Eshelby