Head of Anti-Financial Crime

Job Description:

Are you a senior financial crime professional with strong regulatory knowledge and a solid understanding of how this impacts operations? If so, then we have an excellent opportunity for you! Our client, a leading investment management firm based in Edinburgh, is currently seeking a Head of Anti-Financial Crime to join them on an initial 14-month fixed term contract.

• Experience of working in the investment management/financial services sector,


• Experience working with global clients in a corporate environment,


• Experience of working in Operations/Nominated Offices,


• Strong relationship and stakeholder management experience,


• Able to positively contribute to the culture and environment of the team by (in)directly motivating employees and fostering relationships that engender a sense of shared objectives and accountability, and


• Broad experience and detailed knowledge of working in an AFC function, specifically AFC rules and regulations across the UK and multiple jurisdictions.


• Relevant AFC qualification (e.g.
  
  ICA or ACAMS)


• Excellent communicator with the ability to foster and maintain exceptional stakeholder management and relationship


• Strong people management skills, organisation, prioritisation and attention to detail, while having the ability to apply problem solving to complex situations.


• Hard working with an aptitude and willingness to multi-task and contribute expertise across multiple tasks at any given time, embrace challenges, and enjoy the fast paced and exciting environment of working in Anti-Financial Crime.

• To understand the AFC policies/handbooks/manuals,


• To respond within SLA on escalated queries from across the framework (including new agreements) ensuring advice is both proportionate and pragmatic,


• To implement changes as a result of policy updates across the framework including system rules and workflow,


• To maintain firm wide wording on the AFC framework and standard responses for external parties,


• To represent the department on strategic change initiatives which may impact the risk profile of the firm relating to financial crime,


• Under formal delegation from the GroupMLRO, conduct final approval of the AFC risk assessment and resultant due diligence to support on-boarding or periodic review of:
  
  
  
  • All relationships deemed medium risk,
  
  
  • All relationships deemed high risk at periodic review (where the risk assessment has not changed), and
  
  
  • All associated PEP relationships deemed low/medium risk
  
  
  
  


• Escalate the following relationships for approval to the Group Head of AFC/Group/localMLRO:
  
  
  
  • All new relationships deemed high risk,
  
  
  • All associated PEP relationships deemed high risk, and
  
  
  • All PEP relationships (whether deemed low, medium, or high risk)
  
  
  
  


• Conduct investigations into suspicious activity, decide whether a disclosure under the Proceeds of Crime Act/Terrorism Act or a Defence Against Money Laundering (DAML) under the Proceeds of Crime Act is required, and complete such an external report, and


• Lead and develop a team of AFC Subject Matter Experts (through being a Subject Matter Expert yourself) to establish an effective and credible team

• A highly competitive salary


• Wider Benefits package

Core-Asset Consulting is an equal opportunities recruiter and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.

Job reference: 15810

To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.

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Core-Asset Consulting offers specialist recruitment services to asset management, accounting & finance, asset servicing, legal and the wider financial services sector in Scotland.

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