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
