Head of Financial Crime Prevention & MLRO

RecruitGibraltar are currently recruiting for a Head of Financial Crime Prevention & MLRO to join a successful and diverse banking operation who, due to their continued success and expansion, is on the lookout for an enthusiastic, innovative and driven professional. The role is responsible for managing the Financial Crime Prevention team, support the development of financial crime systems, policies and processes, and manage the operational activities to ensure legal, regulatory and internal requirements are met.

This is a regulated position so you will have to be approved by the GFSC. This is a 100% office based role.

What will you do as a Head of Financial Crime Prevention & MLRO?

• Regulated individual, subject to approval from the GFSC to act as the Bank’s MLRO.
• Responsible for management and resourcing of the Financial Crime Prevention Team. Allocate and manage workload of the team ensuring that the Department and individuals meet internal SLA and deliver quality service.
• Manage the performance of the team through delivery of competency and QA framework and team training and development plans to develop the skills of the team and encourage retention.
• Test, tune and calibrate rule sets and thresholds for transaction monitoring systems.
• Maintain comprehensive Financial Crime Prevention Department procedures and records which meet business and regulatory requirements.
• Oversee the firm’s fraud, AML, CFT and PF framework, including drafting and submission of all mandatory and supplementary reports.
• Participate in the risk analysis and control of new products, services and jurisdictions.
• Maintain appropriate systems and controls to provide management information as the MLRO to other senior managers to enable the measurement and management of Financial Crime risks across the business.

What do you know that makes you a great Head of Financial Crime Prevention & MLRO?

• Preferably previous experience working in a banking or financial services environment with in depth knowledge of financial crime and financial services regulations. In particular, the Gibraltar Financial Services Commission’s; Systems of control to prevent the financial system from being used for money laundering, terrorist financing or proliferation financing activities.
• You have a high level of comfort using and deploying industry IT applications that monitor AML and fraud risks.
• You have experience with analysing data/reports/trends.
• You are comfortable giving oversight and assurance on the prevention of financial crime.
• Strong understanding of anti-money laundering directives and active legislation
• An ability to work independently in completing assigned duties to sometimes tight deadlines.
• Solid managerial experience preferably in a banking or payments environment.

Salary £70k based on experience with benefits package.