Financial Crime Compliance, AML Transaction Monitoring - Vice President

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The Financial Crime Compliance function is an independent function that identifies, assesses, advises on and monitors financial crime compliance risk – that is the risk of regulatory penalties as a result of failure to comply with applicable regulations. The Financial Crime Compliance function exists to support Mizuho London (Mizuho International plc and Mizuho Bank Ltd, London Branch) by enabling it to conduct business lawfully, in accordance with regulatory requirements and with integrity.

The main objective of the Financial Crime Compliance function is to provide an active advisory and monitoring service in relation to regulatory requirements, especially those of the Financial Conduct Authority (FCA).

This role has important responsibilities in helping to ensure the Compliance Department effectively discharges its responsibilities, primarily in relation to overseeing and supporting the Bank’s arrangements to comply with anti-financial crime and sanctions regulations.

Duties and Responsibilities

The main duties and responsibilities of this role include the following:

• To be a key member of the Financial Crime Compliance team which is the focal point for the oversight of all activity relating to anti-money laundering (AML) and counter terrorist financing (CTF) and the mitigation of other financial crime risks, including but not limited to, bribery and corruption, and financial sanctions.
• To develop and manage the transaction monitoring programme including the annual review and calibration of AML transaction monitoring system in line with industry standards. This includes testing of scenarios, thresholds and models to maximise effectiveness and efficiency and ensure a risk-based approach is taken.
• To assist with the review and investigation of alerts generated in transaction monitoring systems and escalation of any suspicious activity to the MLRO.
• To assist with transaction monitoring related projects, including the implementation and upgrade of transaction monitoring related systems.
• To work with the MLRO and Financial Crime Compliance team to implement financial crime policies and procedures, which enable Mizuho London to comply with relevant legislation, regulation and guidance.
• To monitor compliance with Mizuho London’s financial crime risk appetite and other relevant financial crime risk management policies. This may include second line review of client onboarding, periodic reviews and screening, the review of transaction monitoring and AML system alerts, and sanctions filtering alerts.
• To assist the Financial Crime Compliance team as it takes reasonable steps to establish and maintain adequate arrangements for training and awareness of staff who handle, or are managerially responsible for the handling of, transactions which may involve money laundering or other financial crime risks.
• To identify regulatory trends and developments relating to financial crime that may impact Mizuho London’s business and work with senior Financial Crime Compliance team members to implement policy and control changes required.
• To assist the MLRO in the review and assessment of internal reports of suspicious activity from staff.
• To assist the MLRO in making an annual report to the firm’s senior management in relation to anti-money laundering and other financial crime matters, including but not limited to, the preparation of regular management information to London and Head Office senior management.
• To assist with the management of queries from stakeholders on AML/CFT and sanctions and other financial crime risks.
• To support the continued build out, enhancement and embedding of the KYC quality assurance process, including updates to policy and procedure.
• To conduct…