Head of Payment Sanctions Screening Operations

  • GBP80000 - GBP110000 per annum
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 16 Oct 17 2017-10-16

My client, a financial markets investment bank based in the city, is looking to recruit a high caliber individual to join their operations department as Head of Payment Sanctions Screening Operations.

My client, a financial markets investment bank based in the city, is looking to recruit a high caliber individual to join their operations department as Head of Payment Sanctions Screening Operations.

Overview of the role:

The Payments Sanctions Screening Operations Team will form part of the Operations function and performs sanctions screening on payments.

This is a function currently performed outside of London, so the chosen candidate will be responsible for transferring these processes to London and work with stakeholders to clearly define the roles and responsibilities of Payments Sanctions Screening Operations and all the hand-offs between Operations and other functions within the Bank.

You will be tasked with establishing and maintaining an effective operating model for screening payments within the Operations function and ensuring that the Bank performs payments sanctions screening in line with requirements set by the Bank's Financial Crime function. As head of the area you will also be required to implement Fircosoft as the chosen platform for the group.

This person will also be responsible for hiring appropriate resources for the Sanctions Screening Operations Team and leading and managing the team going forward.

This will be a key role for the bank going forward and this person will form part of the Ops Senior Management team and as such the candidate must have a depth of knowledge of payments and the payment sanctions and be able to engage with and face off to other senior individuals in the bank.

Stakeholder engagement
* Ensure an effective and collaborative working relationship with the Financial Crime function.
* Ensure that Payments Sanctions Screening Operations Team is deeply familiar with the Sanctions Policy set by the Financial Crime function.
* Foster Bank-wide awareness of the Payments Sanctions Screening Operations Team and its responsibilities and functions. Provide awareness training to stakeholders where necessary.

Preferred Qualifications and Experience:
* Degree qualified
* Extensive knowledge of global AML and sanctions rules and regulations
* Significant experience of using Fircosoft
* Knowledge and understanding of risk management frameworks and practices as well as controls required within a financial services organization
* Previous experience of managing a team

Knowledge, technical skills and expertise:
* Extensive SWIFT Knowledge
* Foreign Exchange Fundamentals Knowledge
* International and Local Payments
* Global Blacklists
* International Sanctions environment