Financial Crime Monitoring AVP

Page Personnel; London; Hybrid; GBP 65,000 - 70,000; Full time

Job summary

A leading firm in the Financial Services industry is seeking a Financial Crime Monitoring AVP for a 12-month fixed-term contract. The role, based in the City of London with hybrid work arrangements, involves key responsibilities in ensuring compliance with financial crime policies and developing risk assurance strategies. The ideal candidate will have a strong background in financial crime and correspondent banking, with an attractive salary package on offer.

Qualifications

• Proven experience in a similar role within Financial Services.
• Experience in payments and second-line financial crime.

Responsibilities

• Serve as a point of reference for Assurance in FCC programmes.
• Conduct assurance of 1st line teams to ensure compliance.
• Support development of the FCC annual risk-based assurance plan.

Skills

Experience in correspondent banking

Financial crime knowledge

Communication skills

Analytical thinking

Job description

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• Working for a Correspondent Bank in the City of London
• 12 month fixed term contract

About Our Client

Our client is a highly-regarded entity within the Financial Services industry, boasting a rich history of serving its clientele with utmost diligence and integrity. They are currently looking to hire a Financial Crime Monitoring AVP on a 12-month fixed term contract. This role will be based in the City of London, with hybrid working arrangements—3 days a week in the office.

Job Description

The Financial Crime Monitoring AVP will:

1. Serve as a point of reference for Assurance, demonstrating comprehensive technical knowledge of FCC programmes, ensuring alignment with industry standards and regulatory requirements.
2. Provide innovative solutions to current challenges in Assurance and proactively identify new tasks or methods to add value.
3. Engage confidently with the FCC Team and Business, adapting communication styles to further the Assurance agenda.
4. Maintain knowledge of the firm's products, activities, and regulatory reporting obligations by staying updated on industry trends and attending relevant forums.
5. Support the development of the FCC annual risk-based assurance monitoring plan and oversee governance of assurance activities.
6. Conduct assurance of 1st line Operations, IT, Sales, and Trading teams to ensure compliance with financial crime policies and procedures.
7. Draft and communicate issues and actions to Senior Management based on assurance findings.
8. Identify relevant action owners and collaborate with them to resolve issues efficiently.
9. Use assurance activities to recommend improvements in financial crime risk management and controls.
10. Collaborate with Governance, Financial Intelligence, Systems, Risk, and Client Selection teams to address gaps in the FCC compliance programme.
11. Enhance FCC governance processes by providing insights from assurance activities for governance discussions.
12. Challenge stakeholders on the design and effectiveness of financial crime controls.

The Successful Applicant

The ideal candidate will have:

• Proven experience in a similar role within the Financial Services industry.
• Experience in correspondent banking and/or payments.
• Second-line financial crime experience (excluding KYC or Onboarding).

What's on Offer

• A competitive salary ranging from £65,000 to £70,000 GBP, depending on experience.

This is a fantastic opportunity for a dedicated Assurance AVP to join a reputable company in the Financial Services industry. If you meet the above criteria and are ready for your next challenge, we encourage you to apply today.