KYC & Ongoing Monitoring Manager

Bank of London; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London is looking for a KYC & Ongoing Monitoring Manager to lead financial crime oversight and compliance. The ideal candidate will manage a team, develop KYC procedures, and ensure adherence to AML and CTF regulations. This role offers a unique opportunity to contribute to innovative financial crime control strategies while maintaining regulatory compliance.

Qualifications

• Extensive experience in managing First Line Financial crime Operations teams.
• In-depth knowledge of AML, CTF, and fraud regulations.
• Strong stakeholder management to collaborate across the business.

Responsibilities

• Managing a growing team of Financial Crime analysts.
• Develop and maintain comprehensive KYC procedures.
• Oversee and manage the end-to-end client onboarding journey.
• Conduct continuous monitoring reviews of clients.

Skills

Team management

Knowledge of AML and CTF regulations

Stakeholder management

Document drafting

Analytical skills

Job description

Overview

We are seeking a motivated and curious individual who aspires to excellence. This person should be technology-driven, aiming to bring innovation and automation to the bank's Financial Crime processes within our Risk Framework. As the KYC & Ongoing Monitoring Manager, you will play a crucial role in designing, implementing, and managing robust financial crime systems and controls. Your efforts will ensure our bank remains resilient and customer-centric, delivering exceptional value to our clients while maintaining compliance with regulatory standards.

Responsibilities

• Managing a growing team of Financial Crime analysts and associates to undertake the Client Due Diligence and ongoing assurance processes.
• Develop and maintain comprehensive KYC procedures, continuously identifying opportunities to streamline processes and improve operational efficiency
• Oversee and manage the end-to-end client onboarding journey, ensuring a seamless, compliant, and efficient process aligned with regulatory standards and internal policies
• Oversight of conducting continuous monitoring reviews of our clients to ensure compliance with regulatory obligations.
• Building out the Banks assurance framework for Embedded Banking, ensuring the appropriate controls are in place to ensure compliance.
• Assessing and monitoring the integrity of our client\'s financial crime risk and controls framework.
• Working closely with the \'Second Line\' and the bank\'s MLRO, raising internal SARs and supporting efforts to ensure the team are kept up-to-date with training and knowledge development
• Communicating regularly with clients to track the development and remediation of findings from assurance reviews.
• Supporting clients to stay compliant with emerging regulatory changes.
• Establishing a scalable, efficient, and consistent framework for ongoing reviews
• Planning and prioritising the review schedule and managing the necessary capacity to deliver it.
• Approval of First Line Financial Crime Assessments for submission to Senior Management
• Development of MI to support governance, audit and 2LOD.
• Act as an escalation point of contact for all queries regarding financial crime, dealing with and raising issues to senior management and 2LOD in a timely manner including iSARs.
• Carry out any other operational tasks deemed necessary by management.

Qualifications

• Extensive experience in managing \'First Line\' Financial crime Operations teams and Demonstrated experience in building team.
• In-depth knowledge of AML, CTF, and fraud regulations, as well as industry best practices for robust financial crime control implementation.
• Background in CDD and ongoing assurance of complex client types and structures, including MSBs, PSPs and Financial Institutions.
• Insight into Embedded Banking and an understanding of how to conduct appropriate assurance in both a Reliance and Non-Reliance model.
• Proven experience in the UK regulated financial services sector, preferably within a fintech, challenger bank, or correspondent banking.
• Comprehension of the \'3 lines of defence\' model and understanding of the role of \'First Line\' Financial Crime Operations
• Strong stakeholder management skills to effectively collaborate across the business and represent the Bank of London externally, articulating our financial crime requirements with clarity.
• Skilled in navigating challenging conversations and managing client expectations.
• A principled and growth mindset, capable of thoroughly analysing regulations and applying insights to align the client\'s financial crime framework with our own.
• High proficiency in document drafting and communication.

Location

London

Travel to other locations may be required on occasion.

Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.