Senior Associate, FCR Monitoring and Assurance

JOB SUMMARY

Support and assist the Head of Financial Crime Monitoring and Assurance by performing monitoring and testing reviews as part of the Bank’s financial crime monitoring and assurance Plan. Support delivery of the annual Business Wide financial crime Risk Assessment (BWRA). Support the Bank to be compliant with its legal and regulatory obligations and appropriate systems and controls in place to mitigate all relevant financial crime risks (AML/CTF/Tax Evasion, AB&C, Sanctions, Fraud).

KEY WORK OUTPUTS AND ACCOUNTABILITIES

• Execute and delivery of end-to-end Monitoring and Testing reviews composed by planning, substantive testing, report writing and following up of findings and recommendations with senior management on Financial Crime Compliance covering all business lines within BACB.
• Track remedial actions agreed with key stakeholders raised by the monitoring and testing reviews and the BWRA maintained in the Bank’s Remedial Actions Plan (RAP) register to their full implementation and closure, ensuring support evidence for closure are documented and stored for audit trail.
• Support delivery of the annual Business Wide financial crime Risk Assessment (BWRA). This is an annual risk assessment to be also used to identify those areas requiring monitoring and assurance.
• Build strong relationships with key stakeholders by providing support whilst maintaining independency as a second line of defence monitoring and testing function
• Perform other additional tasks as required from time to time as directed by the Head of Financial Crime Monitoring and Assurance
• Support and assist management in adherence to applicable laws and regulations as well as to high standards of business and ethical integrity.
• Maintain an open, transparent and effective relationship with internal and external stakeholders
• Complete all mandatory training within prescribed timelines.
• Deputise for the Head of Financial Crime Monitoring and Assurance in his/her absence

REQUIRED QUALIFICATIONS AND EXPERIENCE

• Minimum of 5 years’ relevant experience in monitoring and testing or Internal Audit in a financial institution (required)
• Solid working knowledge of the UK banking laws and regulations such as AML/CTF/Tax Evasion, AB&C, Sanctions, Fraud (required)
• Understanding of financial crime risks presented by commercial banking products such as Trade Finance and Correspondent Banking (desirable)
• Ability to work independently and as part of a team
• Excellent presentation and report writing presentation skills.
• Strong analytical, interpersonal, verbal communication skills.
• Proactive, with the ability to generate ideas, think creatively and develop innovative solutions.
• Degree educated or equivalent.