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Trade Finance and UK compliance skills are essential requirements for this position.
Our client, an International Bank, is looking for a Trade Finance Financial Crime candidate to join their team in London. This is a hybrid position 3 days a week in the office.
The purpose of the role is to work alongside the first line of defence of the firms three lines of defence model, the individual will be responsible for compliance quality assurance reviews to ensure the Financial Crime risk in trade finance transactions is mitigated.
Key responsibilities / accountabilities:
Overseeing a team of Quality Control reviewers to determine whether financial crime control process outputs meet the established quality objectives set out in the department procedures.
Ensuring consistency of application of the departments screening standards against existing financial crime controls and regulatory benchmarks and ensuring that audit trail and record keeping is completed as per department procedures.
Acting as a final reviewer of transactions reviewed by the team and testing assessments of the first line to ensure business is conducted in line with the risk and compliance policies.
Monitoring the performance of the Operations Analysts to ensure that the transactions are always compliant with the UK applicable rules & regulations.
Identifying any financial crime trends/concerns or control weaknesses to the relevant stakeholders including the proposal of improvements and the implantation of effective control improvements.
Ensuring that the results of the QC reviews are communicated to the Operations team and are addressed in a timely manner.
Escalating errors and exceptions identified during QC reviews in accordance with the department procedures and the validation of action plans to address QC findings
Supporting general QC trade-based activities and other duties.
Skills and Experience:
Strong stakeholder management skills and able to maintain effective relationships across the three lines of defence.
Ability to communicate and influence complex regulatory matters in a way that is tailored to the relevant audience.
Analytical and problem-solving skills sufficient to analyse problems.
Keep abreast of knowledge relating to the UK and global financial crime regulatory framework (JMLSG Guidance, FCA Thematic Review, Wolfsberg Principles).
At least 5 years of work experience within financial crime control area of a bank with product experience of trade finance.
Experience in Financial Crime Compliance or Regulatory Compliance; Quality Control/Assurance; Testing/ monitoring Function.
Degree or equivalent industry standard qualification.
Professional industry certification desirable.
Overall knowledge of Microsoft Office (Excel, Word and Outlook).
Knowledge of using Sanction, PEP and adverse media screening tools/software.
For more information on this role please contact Judith Webb by sending your CV to judith@bhal.co.uk and quoting ref 16859JW.
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