Head of KYC Advisory (Director level)

  • £130K plus package
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Holmes Search
  • 21 Aug 18 2018-08-21

This role is critical to assist the strategic direction relating to Client lifecycle management of London Branch Clients ensuring the Client Due Diligence framework is risk based and proportionate. As a member of the first line - CLM team, you will establish relationships with key stakeholders within London Branch and become a trusted partner and collaborate closely with Client Owners, second line - Financial Crime Compliance, and other functions such as Audit and Legal. You’ll work across CLM to drive scaled, harmonized solutions that assist London Branch manage financial crime risks efficiently.

  • Build an efficient and sufficiently resourced “best in class” first line “Advisory Function” to drive KYC best practices and synergies to mitigate financial crime risk in a risk proportionate approach, reflecting United Kingdom Money Laundering Regulations and Financial Crime policies
  • Empowering the first line Advisory Function to make informed decisions ensuring any solutions deviating from the spirit of the KYC standards are fully documented and socialised with second line (where required)
  • Supporting the BAU and Remediation Case Management teams within CLM (including third party vendors), to ensure delivery of completed and compliant client files
  • Providing Anti-Money Laundering (AML) and Know Your Client (KYC) expert advice on UK regulatory requirements to relevant stakeholders on strategic products, client or other business initiatives
  • Develop and drive a strong “mind-set” and “work-smarter” culture within CLM to apply risk based decisioning and promoting a “thinking outside the box” behaviour ensuring the spirit of policies are adhered to
  • Developing and maintaining key internal business and external industry relationships
  • Act as the key liaison to second line - Financial Crime compliance
  • Representing CLM on appropriate Committees / Working Groups and Project Work streams (to be defined)
  • Review and challenge (as required) policy and procedural changes and ensure impact assessments are undertaken to ensure changes are workable. Ensure an appropriate “consultancy” period is agreed with policy owners allowing changes to be reviewed and implemented
  • Cascading to first line stakeholders, changes in KYC requirements due to evolving regulations, policies and best practices by assisting to shape Key Operating Procedures, including risk based - client due diligence – ensuring Procedures are workable, simple to understand and embedded
  • Act as a first line “filter” for client related issues of non-compliance, challenging where required
  • Managing escalation processes to second line Financial Crime Compliance
  • Identifying and implementing on agreement of stakeholders, streamlined strategic change processes that mitigate financial crime risk (for example - automation of adverse media and PEP screening)
  • Communicating critical financial crime risk issues to appropriate senior management
  • Assist in designing bespoke and meaningful Management Information (MI) and risk mitigation and operational key performance indicators
  • Review, challenge and provide input into MI ensuring issues are addressed, escalating breaches to relevant stakeholders for resolution
  • Developing and delivering bespoke AML training as required
  • Reviewing and recommending the client risk ratings (CRR) where required, ensuring decisions to deviate are appropriately documented.
  • Designing and implementing systematic controls – such as Quality control and Assurance activities
  • Provide specialist AML expertise into Projects as required
  • Assist in the review and agreement of Service Level Agreements (SLA) between internal parties and third party vendors ensuring matters outside SLA are escalated within MI and addressed
  • Facilitating workshops / brainstorming sessions with relevant representatives across CLM and client owners and second line to identify systemic and cultural issues, formulate plans to address – engaging project support as required