Financial Crime Data, Intelligence and Reporting Manager

Allica Bank; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A rapidly growing financial technology firm in the UK is seeking a 2LOD Financial Crime Intelligence and Investigations Manager. This role involves analyzing risk exposure to various financial crimes and ensuring adherence to compliance standards. Candidates must have at least 5 years of experience in financial services and strong knowledge of AML/CFT regulations. The firm offers flexible working arrangements and a comprehensive benefits package.

Benefits

Full onboarding support

Flexible working options

Pension contributions

Discretionary bonus scheme

Private health cover

Life assurance

Qualifications

• Minimum of 5 years of experience in financial services related roles.
• Experience in financial crimes disciplines (AML/CFT, sanctions, etc.).
• Strong understanding of UK AML and sanctions regulations.
• Proficiency in interpreting and analyzing financial crime data.

Responsibilities

• Analyzing the Bank's risk exposure to Financial Crime.
• Responsible for the evolution of the Bank Wide Risk Assessment.
• Oversee changes to Transaction Monitoring rules.
• Training the 1LOD on SAR investigations.

Skills

Experience in financial services

Knowledge of AML/CFT

Understanding of sanctions regulations

Stakeholder engagement skills

Job description

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

You will be working within the expanding second line Compliance Department, as part of Financial Crime Compliance management team, reporting directly into the Head of Financial Crime Compliance.

You will be part of a core team responsible for successfully delivering second line of defence oversight and advisory within the Bank together with Financial Crime and Compliance colleagues.

Role Description

As a 2LOD Financial Crime intelligence and investigations manager you will be involved in analysing the Bank’s risk exposure to Money Laundering, Fraud, Terrorist Financing, Proliferation Financing, Bribery and Corruption and Financial Sanctions typologies, as well as identifying financial crime control enhancements holistically across the firm.

Responsible for the evolution of the Bank Wide Risk Assessment (BWRA) is a critical activity to ensure the Bank is aware of its Financial Crime risk exposure and to allow the Bank’s MLRO to meet their SMF17 accountabilities.

This role will be responsible for enhancement of the Bank’s Financial Crime monitoring and screening tools and development of key metrics for onward reporting through Bank Governance Committees. Financial crime data review / reporting and enhancement opportunities, including working with product teams and providing reports to the Data Governance Committee.

Principal Accountabilities

• Creating and reviewing Management Information and Key Risk Indicators
• Responsible for the evolution of the Bank Wide Risk Assessment (BWRA)
• Assisting with complex Suspicious Activity Reports (SARs) investigations that have been escalated to 2LOD to ensure accurate and timely reporting to the UK NCA
• Upskilling and training the 1LOD on SAR investigations, identifying underlying criminal activity (predicate offences) and the use of Open-Source Intelligence data
• Identifying control enhancements and building processes to obtain additional data to enhance accuracy and speed of SAR investigations
• Oversee screening and monitoring alert escalations, and ensuring system configurations are operating effectively, with solutions for enhancing as needed on an ongoing basis
• Oversee changes to Transaction Monitoring rules and thresholds, working with 1LoD and the third-party vendor to implement enhancements
• Responsible for overseeing product developments, specifically in the Data Space, providing support on Data enhancements that will be presented through the Data Governance Committee
• Oversee and influence key changes to metrics used for key Bank reporting and governance to meet regulatory requirements for onboarding through to customer exit
• Ensure metrics for management of high-risk customers is accurate with trend analysis reported through appropriate governance
• Ongoing assessment of the Financial Crime risks and control environment for the BWRA and ensuring Management Information (MI) is reliable and accurate
• Leveraging RCSA reviews, Monitoring and Testing Reports, Audit reports, Gap Analysis of FCA issued Findings and Thematic reviews

Personal Attributes & Experience

• You possess a minimum of 5 years of experience in financial services related role(s), with experience in financial crimes underlying disciplines (AML/CFT, sanctions, fraud, analysis / investigations, ABC processes)
• Knowledge and experience of business banking for SMEs, sole traders and their activities (key requirement)
• Investigation experience on complex cases involving money mule activities, predicate offences and sanctions evasion
• Strong understanding of UK AML, CTF, and sanctions regulations (FCA, PRA, etc.) and experience dealing with high-risk customer profiles
• Proficiency in interpreting and analysing financial crime data and metrics, with the ability to present findings clearly to senior management
• A meticulous approach to reviewing policies, SAR reports, and compliance processes
• Understanding relevant financial crime frameworks like JMLSG Guidance or FATF recommendations
• Credible stakeholder engagement skills to align with our organisational values and behaviours
• Working knowledge of commercial lending, business accounts and deposits

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.