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Executive Search, Talent Acquisition & Recruitment Outsourcing
Please ensure your CV or covering letter reflects your experience in FC at a senior level with strong Correspondent Banking experience.
London
Our Client is a globally recognised, successful bank that provides world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business boasts over 10 million active customers in over 700 business locations. Due to business requirements, we are now looking to acquire the services of an experienced FCC Senior Advisor – Correspondent Banking.
* Please note that this is a hybrid role with 3 days in the office and 2 days working from home.
Key Responsibilities:
1. Act as the 2LOD contact point for the bank's UK Correspondent Banking relationships.
2. Ensure suitable controls are in place to mitigate risks arising from Correspondent and Respondent Banking relationships, and that these are tested effectively.
3. Work with the Business as it expands the client base that can pass MT103s through the Bank.
4. Assess the policies, procedures, systems, and controls of the bank's UK Respondent Banks to determine compliance with UK regulatory standards.
5. Carry out onsite visits to Respondent Banks to assess compliance culture and perform sample checks of customer due diligence (CDD) files.
6. Draft detailed Risk Assessment reports of Respondent Bank Financial Crime Frameworks.
7. Support Respondent Banks in developing their systems and controls for managing potential gaps identified in their FCC framework.
8. Provide daily oversight and support to the Correspondent Banking team member(s), ensuring they are competent and high performers.
Key Skills/Experience:
* Significant experience of working in financial crime compliance in the financial services sector.
* Experience in Correspondent Banking products and services.
* A comprehensive understanding of the UK Regulatory framework, especially regarding Correspondent Banking.
* Prior experience in audit, accounting, or working with a regulator.
* Experience working with internal auditors and regulators.
Ideal:
* Experience working with Banks outside the UK, especially West Africa.
* Prior participation in UK financial crime associations and a good network of financial crime professionals.
* 1LOD experience.
Seniority Level: Associate
Employment Type: Full-time
Job Function: Information Technology
Industries: Banking
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