Global Head of Financial Crime & Fraud Prevention

Posted 15 May 2023
Salary Negotiable
Job type Permanent
Discipline Compliance & Financial Crime
Contact NameKevin Adam

Job description

Global Head of Financial Crime & Fraud Prevention

UK headquartered FinTech (Payments/EMI) with Series C funding, soon to be series D, is splitting its Compliance & Financial Crime / Fraud Prevention teams as they continue to grow. Currently regulated across Europe, UK, US they are continuing to gain market share & have created a new role for you to create and lead a Financial Crime team globally.

Key responsibilities:

  • Maintain fraud and financial crime level within the Company's risk appetite

  • Create an efficient and high quality fincrime prevention system with a minimum negative effect (if any) on the Company's business operations / legitimate customers / turnover

  • Lead a diverse team with fraud analysts in each of the licensed jurisdictions

  • Develop SLA for the function and ensure that it is followed by the team

What you'll be doing

  • Produce and implement a framework plan including relevant strategies and controls to manage financial crime risk across regulated entities, which supports business plans;

  • Design and review financial crime policies, processes and procedures to ensure they meet business needs and expectations, including regulatory requirements;

  • Provide second line compliance monitoring and testing of financial crime risks;

  • Provide second line support for first line fraud prevention teams;

  • Liaise with Internal Audit to ensure appropriate third line oversight of financial crime risk;

  • Maintain the fraud-to-sales level within the Company's risk appetite;

  • Work with People and Culture and Compliance teams to design and implement appropriate financial crime education, learning and communication for employees;

  • Produce regular management information and data for reporting on Financial Crime risks to be presented to Regional and Group Boards;

  • Ensure horizon scanning on evolving financial crime risks including remaining up to date on global regulatory compliance, emerging trends and opportunities and legislative matters;

  • Provide an advisory role for the business as the SME on Financial Crime;

  • To assist with requests for information from authorities, including police, financial services regulators, consumer rights protection, regulators and courts.

What we're looking for

  • Bachelor's degree; or equivalent

  • International experience as a Head of fincrime monitoring and prevention in an international payment services provider

  • Knowledge of fraud and fincrime patterns in the EEA, USA, and Canada

  • Experience with fraud and fincrime in card payments

  • Incredibly detailed understanding of AML, Sanctions, CTF and AB&C

  • Experience of building cross-border financial crime programmes.

  • Deep technical understanding of the international payment services (money remittances, e-money, other)

  • Experience in developing and implementing compliance planning, monitoring and reporting relating to financial crime

  • Ability to assimilate information quickly and accurately to inform decisions around key functions.

  • Clear communicator with the ability to explain complicated matters in simple terms

  • Ability to write accurate, clear and concise reports appropriate for the target audience.

  • Fluent English

Does this sound like something you'd like to learn more about? If so, reach out to Kevin in Broadgate to discuss in more detail.
Salary & Comp is negotiable