Financial Crime Manager

First Abu Dhabi Bank (FAB); Greater London; On-site; GBP 75,000 - 110,000; Full time

Job summary

First Abu Dhabi Bank (FAB) is seeking a Financial Crime Manager in London to support the MLRO on AML, ABC, due diligence, sanctions and related regulatory matters. You will provide expert guidance to the business and senior management to ensure the UK control framework remains effective.

The role requires strong knowledge of UK banking regulation, experience with KYC, enhanced due diligence for high-risk clients, and the ability to translate complex rules into practical processes.

Qualifications

• Bachelor’s degree or professional qualification in management, banking or finance.
• Experience in banking sector with Personal and Corporate Investment Banking knowledge.
• Ability to interpret AML/CFT requirements and apply commercially.
• Experience with international law enforcement/third parties.
• Strong knowledge of UK banking regulation; able to work under pressure.
• Excellent written and presentation skills.
• Fluent in English; strong communication.

Responsibilities

• Developing and maintaining policies and procedures in respect of AML, Due Diligence, ABC, Fraud prevention and detection; and Sanctions.
• Providing guidance to the business on JMLSG, FCA, UK Bribery Act, relevant Sanctions lists and any other applicable rules/guidance.
• Providing financial crime subject matter expertise and other support as required for the UK business and senior management.
• Keeping up to date with developments in Financial Crime regulation and industry best practice and implementing changes where necessary.
• Performing gap analysis against Group policies and procedures
• Providing guidance to the KYC Team and Relationship Managers on Higher risk clients
• Providing advice and guidance to the KYC Team and RM on specific enhanced due diligence requirements for Higher risk clients and complex cases.
• Making decisions based on escalations received from the Transaction Monitoring Team in relation to the referrals for Sanctions, PEPs, and Adverse media.
• Providing analysis/recommendation in relation to escalations to the MLRO
• Understanding the reporting obligations and legal requirements in assigned jurisdictions to ensure submission of high-quality SARs, including liaising with the Financial Intelligence Units
• Assisting the MLRO with responses to requests for information from the FCA or Law Enforcement Agencies (Production Orders etc.)
• Ensuring the appropriate MI is provided to Committees and Head Office on a regular basis
• Assisting the Compliance Monitoring team in their design and testing for financial crime related reviews.
• Assisting in ensuring that there is proper coordination with external auditors, local/Group internal auditors to ensure smooth delivery of duties/tasks and that exceptions raised are properly followed- up.
• Supporting the MLRO with the completion of Risk Assessments
• Managing follow-ups on corrective actions arising from the CMP, audit actions and risk assessments.
• Devise and deliver training to the branch and head office where required
• Assisting the MLRO in the preparation of the annual report.
• Assisting the MLRO in the preparation of the Financial Crime Report to the FCA.
• Perform other additional tasks as required from time to time as directed by the MLRO (UK) or the Group Head MLRO in the head office.
• Managing UK’s compliance with standards, internal and Group policies and procedures and regulations for financial crime.
• OTHER AUTHORITIES AS DIRECTED BY THE HEAD OF INTERNATIONAL COMPLIANCE & CORPORATE GOVERNANCE IN THE LEGAL & COMPLIANCE DIVISION (HEAD OFFICE).

Skills

AML/CFT knowledge

Regulatory reporting

Stakeholder communication

Analytical skills

Training delivery

Education

Bachelor’s degree or professional qualification in management, banking or finance

Job description

As the Financial Crime Manager, you will be supporting the MLRO in relation to all financial crime matters including Anti-Money Laundering (\"AML\"), Due Diligence, Anti-Bribery Anti-Corruption (\"ABC\"), Fraud prevention and detection; and Sanctions.

As a Financial Crime Manager, you will work with and lend expert guidance to the business and various stakeholders to ensure the ongoing compliance of AML/CFT control framework and procedures in the UK.

KEY RESPONSIBILITIES

• Developing and maintaining policies and procedures in respect of AML, Due Diligence, ABC, Fraud prevention and detection; and Sanctions.


• Providing guidance to the business on JMLSG, FCA, UK Bribery Act, relevant Sanctions lists and any other applicable rules/guidance.


• Providing financial crime subject matter expertise and other support as required for the UK business and senior management.


• Keeping up to date with developments in Financial Crime regulation and industry best practice and implementing changes where necessary.


• Performing gap analysis against Group policies and procedures


• Providing guidance to the KYC Team and Relationship Managers(“RM”) on Higher risk clients


• Providing advice and guidance to the KYC Team and RM on specific enhanced due diligence requirements for Higher risk clients and complex cases.


• Making decisions based on escalations received from the Transaction Monitoring Team in relation to the referrals for Sanctions, PEPs, and Adverse media.


• Providing analysis/recommendation in relation to escalations to the MLRO


• Understanding the reporting obligations and legal requirements in assigned jurisdictions to ensure submission of high-quality SARs, including liaising with the Financial Intelligence Units


• Assisting the MLRO with responses to requests for information from the FCA or Law Enforcement Agencies (Production Orders etc.)


• Ensuring the appropriate MI is provided to Committees and Head Office on a regular basis


• Assisting the Compliance Monitoring team in their design and testing for financial crime related reviews.


• Assisting in ensuring that there is proper coordination with external auditors, local/Group internal auditors to ensure smooth delivery of duties/tasks and that exceptions raised are properly followed- up.


• Supporting the MLRO with the completion of Risk Assessments


• Managing follow-ups on corrective actions arising from the CMP, audit actions and risk assessments.


• Devise and deliver training to the branch and head office where required


• Assisting the MLRO in the preparation of the annual report.


• Assisting the MLRO in the preparation of the Financial Crime Report to the FCA.


• Perform other additional tasks as required from time to time as directed by the MLRO (UK) or the Group Head MLRO in the head office.


• Managing UK’s compliance with standards, internal and Group policies and procedures and regulations for financial crime.


• OTHER AUTHORITIES AS DIRECTED BY THE HEAD OF INTERNATIONAL COMPLIANCE & CORPORATE GOVERNANCE IN THE LEGAL & COMPLIANCE DIVISION (HEAD OFFICE).

REQUIREMENTS / QUALIFICATIONS

• Bachelor’s Degree or other Professional Qualification in Management, Banking or Finance, preferably with certification in compliance, or AML.


• Relevant experience preferably with working experience in Banking sector, and good knowledge of both Personal and Corporate Investment Banking.


• Able to review, interpret and communicate and apply AML/CFT legal requirements in a commercial fashion


• Experience of dealing with international law enforcement/third parties


• Relevant experience in a Compliance or Audit role.


• Excellent demonstrable working knowledge of UK banking regulation. Ability to work under pressure and to tight deadlines.


• Very strong written and presentation skills.


• Strong analytical, interpersonal and communication skills with excellent attention to detail.


• Proactive, with the ability to generate ideas, think creatively and develop innovative solutions.


• Fluent in English with strong written and verbal skills.


• Confident in learning new IT systems / application and use of software