Financial Crime Compliance Senior Advisor - Correspondent Banking

ZipRecruiter; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Financial Crime Compliance Senior Advisor for a hybrid role in London. This position involves overseeing Correspondent Banking relationships, ensuring compliance with UK regulations, and conducting assessments of Respondent Banks. The successful candidate will collaborate with internal teams to enhance compliance frameworks and provide training as necessary. With a strong emphasis on risk management and regulatory standards, this role offers a unique opportunity to contribute to a respected financial institution while enjoying a range of attractive benefits.

Benefits

Up to 10% employer pension contribution

Life assurance cover

Income protection

Private Medical Insurance

Gym subsidy

Cycle to work scheme

Employee Assistance Program

Interest-free season ticket loan

Birthday Leave

Annual leave starting at 25 days

Qualifications

• Significant experience in financial crime compliance within financial services.
• Understanding of UK regulations related to Correspondent Banking.

Responsibilities

• Act as the 2LOD contact for Correspondent Banking relationships.
• Conduct onsite visits to assess compliance culture at Respondent Banks.

Skills

Financial Crime Compliance

Correspondent Banking

UK Regulatory Framework

Audit Experience

Internal Auditors Collaboration

Job description

Job Description

Financial Crime Compliance (FCC) Senior Advisor – Correspondent Banking

London

FirstBank UK is a globally recognised, top-tier bank providing world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers across more than 700 locations is the oldest African bank in the UK.

Due to business requirements, we are seeking an experienced FCC Senior Advisor.

• Please note that this is a hybrid role with 3 days in the office and 2 days working from home.

Key Responsibilities:

1. Act as the 2LOD contact point for FB UK’s Correspondent Banking relationships.
2. Ensure controls are in place to mitigate risks from Correspondent and Respondent Banking relationships and that these controls are tested effectively.
3. Collaborate with the Business as it expands the client base capable of passing MT103s through the Bank.
4. Assess policies, procedures, systems, and controls of FB UK’s Respondent Banks to meet UK regulatory standards.
5. Conduct onsite visits to Respondent Banks to assess compliance culture and perform sample checks of customer due diligence (CDD) files.
6. Draft detailed Risk Assessment reports on respondent Bank Financial Crime Frameworks.
7. Support respondent banks in developing systems and controls to address gaps in their FCC frameworks and provide training as needed.
8. Provide daily oversight and support to the Correspondent Banking team, ensuring high performance and achievement of objectives.

Key Skills/Experience:

Essential:

• Significant experience in financial crime compliance within the financial services sector.
• Experience with Correspondent Banking products and services.
• Understanding of the UK Regulatory framework, laws, regulations, and guidance related to Correspondent Banking.
• Experience in audit, accounting, or regulatory roles.
• Experience working with internal auditors and regulators.

Ideal:

• Experience working with banks outside the UK, especially West Africa.
• Participation in UK financial crime associations and a strong network of professionals.
• Experience in 1LOD roles.

Benefits:

• Up to 10% employer pension contribution
• Life assurance cover
• Income protection
• Private Medical Insurance (post-probation)
• Contributions for glasses/contacts and eye testing
• Gym subsidy (up to £50/month)
• Cycle to work scheme
• Employee Assistance Program
• Interest-free season ticket loan
• Birthday Leave
• Annual leave starting at 25 days, increasing with service
• Give As You Earn (GAYE)

The Curve Group is First Bank UK’s recruitment partner and a 'Data Processor'. For privacy details, see their policy here.

First Bank UK is an equal opportunities employer, encouraging applications regardless of gender, age, ethnicity, disability, religion, marital status, or maternity status.