Trade Finance Financial Crime

Trade Finance and UK compliance skills are essential requirements for this full time 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 firm s 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 department s 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 and quoting ref 16859JW.