Financial Crime Advisory Manager & DMLRO

Salary: £55,000 per annum (28 hours - £44,000 per annum)

Hours: 35 hours per week (Will consider 28 hours/4 days a week)

Contract: Permanent

Location: Hybrid (40% office based West Bromwich)

We’re made for each other

An exciting opportunity to join the West Brom as we launch a new on-line savings capability with the role holder expected to lead financial crime prevention development as we progress our transformation programme over the next 18 months to include our branch and direct originated accounts.

As a Financial Crime Advisory Manager & DMLRO, you will be the Society’s Deputy Money Laundering Reporting Officer (DMLRO). In addition carry out horizon scanning to identify the key risks within the Society’s operations and product offerings in relation to financial crime using gap analysis methods to develop effective systems and controls.

The Role holder will be expected to maintain and update where necessary, the Financial Crime Risk Management Framework and Firm Wide Financial Crime Risk Assessment whilst providing oversight support to the Financial Crime Officer.

What you’ll be doing:

• Analyse all regulatory output in Financial Crime matters, carrying out Gap Analysis and preparing recommendations and action plans as appropriate where gaps are evidenced/best practice can be adopted.
• To author and maintain the Financial Crime Risk Management Framework and associated policies as well as carry out the Firm Wide Financial Crime Risk Assessment for the Society.
• Act as the product owner/SME for financial crime whilst the Society undergoes its current digital transformation programme attending all relevant project meetings and working closely with our external third-party partners.
• Deputise for the Head of Compliance & MLRO as and when required
• You will be the face of the Society in trade and regulator forums and bodies representing the Society with a positive, solution seeking attitude to problem statements (UK Finance and BSA).
• Maintain an excellent working knowledge of the financial crime guidelines and notes and any other relevant legislation (e.g. JMLSG).
• Identify risks within the Society and its subsidiary Companies in relation to financial crime and develop effective and proportionate systems and controls.
• You will be responsible for ensuring that the BSA Fraud prevention Guidelines, JMLSG Guidance and the FCA’s Policy and guidance on Financial Crime and all Money Laundering Regulations are interpreted and adhered to within the Society by maintaining the relevant traceability matrix content.
• The role will also entail regular collaboration with Senior Level Management throughout the Society and you will be expected to maintain a series of regular meetings to share key financial crime learnings, hot topics and general education/awareness.

What we’re looking for:

• Current extensive experience of working in financial crime/Anti-Money Laundering related work is essential, with a proven experience within a financial institution.
• Holder of a relevant Financial Crime/AML qualification (Certificate level minimum).
• Previous experience of transformation projects including on-line savings applications would be highly desirable.
• On-line Savings transactional fraud experience would be a distinct advantage.
• Confident and professional individual, highly motivated and able to work with little direct supervision under own initiative.
• Excellent communication skills are essential for this role as the role holder will need to communicate clearly and concisely both orally and in writing for an area that is technical and complex.
• Be able to communicate effectively with a wide range of stakeholders including Senior Management, along with excellent presentation skills.

We Value a diverse…