Financial Crimes Advisory, Assistant Vice President

Crown Agents Bank
Belmont, UK
Closing date
14 Oct 2020

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Contract Type
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Position: Financial Crimes Advisory, Assistant Vice President

Department: Risk and Compliance

Reporting to: Financial Crimes, Vice President

Location: Sutton, Surrey

Contract: Full time, Permanent

The Role

Crown Agents Bank ('CAB') is seeking a financial crime advisor to work within the Anti Financial Crime ('AFC') team. The role will require an in-depth knowledge of the financial crime risks present in areas such as correspondent banking, international money remittance and investment banking as well as the key financial crime systems and controls to mitigate and manage those risks.

This position will play a key role in ensuring that the CABAIM group continues to deliver expert risk management in the Anti-Financial Crime space. CABAIM has a unique place in the market as an international correspondent Bank and is rapidly developing its delivery of mobile money and bulk payment solutions, primarily serving Sub-Saharan Africa, the Caribbean and other emerging and frontier markets. Clients consist of bank- and non-bank financial institutions, governments, central banks, international development organisations and corporates. Given the risk profile, the development and maintenance of an effective AFC function is both a necessity and priority for the Bank.

The AFC team has oversight of the AFC control framework for the entire CABAIM group including Crown Agents Bank, Crown Agents Investment Management and Segovia Technology Company. The AFC framework covers a broad base of financial crimes compliance areas including Anti-Money Laundering, Sanctions, Counter Terrorist-Financing, Anti-Bribery and Corruption and Fraud.

This position will be primarily focused on conducting enhanced Client Risk Assessments of prospective and existing respondent clients, including bank and non-bank financial institutions. We are seeking individuals who can build collaborative relationships with clients and can work with senior management to develop, implement and embed robust risk management and compliance practices within the organisation to mitigate financial crime risks inherent in correspondent banking.

The Company

Crown Agents Bank (CAB) is a UK regulated wholesale provider of emerging market and G10 foreign exchange, international payments, cash management, cross-border pensions & payroll, trade finance & investment management services (via our sister company, CAIM). We aim to be the key link between our focus developing markets in Africa, the Caribbean, Latin America & Asia Pacific and Governments, Supra-Nationals, Financial Institutions, NGO's & select Corporates in OECD countries.

At Crown Agents Bank, people come first. Our talented and ambitious employees have been the single greatest contributing factor to our success. In all our working relationships, we've found that by creating an inspirational and supportive environment, we all thrive together.

Our markets, clients and solutions are incredibly diverse, and we value the same level of diversity in our staff - recognising that there is much to be learnt and leveraged from our different backgrounds, experiences and skill sets.

Role Responsibilities
  • Support the Business with client selection and retention in accordance with CABAIM's Financial Crimes Risk Appetite and internal policies.
  • Perform enhanced Client Risk Assessment reviews, either onsite or remotely, for prospective and existing bank and non-bank financial institution clients. Reviews involve detailed qualitative assessment of financial crime programmes and controls against CABAIM minimum standards, transaction data review, extensive report writing and well-reasoned risk-based and outcome-based decisions.
  • Provide expert advice and guidance to the Business on complying with applicable financial crime prevention policies and procedures. Act as a point of contact for escalation of financial crime concerns including money laundering, sanctions violations, bribery, corruption and fraud.
  • Stay up to date with international legal, regulatory and industry developments within the financial crimes space and ensure that the AFC programme updates and evolves in line with these changes.
  • Prepare and deliver management information and report findings to senior management and at business forums.
  • Support the production and revision of financial crime prevention policies and procedures.
  • Perform assurance testing of financial crime prevention controls.
  • International travel may be required.

  • Preferred: Bachelor's Degree or equivalent; ICA and ACAMs qualifications or equivalent.

Skills and Experience
  • Exceptional written and oral communication skills; clear, well-reasoned and concise presentations for senior management, delivering on time to expectations. A writing sample may be requested.
  • Great attention to detail; experience in report writing, conducting gap analyses and transaction data review.
  • Broad financial crimes regulatory knowledge including international best practices for financial crime controls and correspondent banking.
  • Stakeholder management experience with a focus on interaction with the Business; an ability to balance risk management considerations and commercial factors through a dynamic and flexible approach.
  • Proactive and entrepreneurial; using understanding and experience to take an innovative approach to introducing and enhancing reporting, controls and solutions to challenges.
  • Desirable experience in correspondent banking, payments or mobile money products.
  • Previous financial services, law enforcement, legal, consultancy, government or regulatory experience.
  • Experience in client-facing projects; direct collaboration with prospective and existing clients, which may involve dealing with challenging situations.
  • Willingness to conduct overseas business travel.

Equal Opportunities & Diversity Statement

CAB embraces diversity and will seek to promote the benefits of diversity in all of our business activities and develop a business culture that reflects that belief. CAB is committed to diversity and will promote diversity for all candidates at all times. We will review on an on-going basis all aspects of recruitment to avoid unlawful or undesirable discrimination.

CAB will treat everyone equally irrespective of race, religion, colour, sex, age, national origin, disability or sexual orientation, and places an obligation upon all staff to respect and act in accordance with the policy. CAB shall not discriminate unlawfully when deciding which candidates are selected for interview, or in any terms of employment.

CAB will ensure that each candidate is assessed only in accordance with the candidate's merits, qualifications and abilities to perform the relevant duties required by the particular vacancy.
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