Financial Crime Manager

Job Description

Responsibilities:

• The Financial Crime Manager will be a core member of the financial crime function. They will hold or progress towards holding the role of Money Laundering Reporting Officer for IQ-EQ licensees and one managed trust company.
• The successful candidate will be expected to be one of the primary contacts within the team to provide guidance to the business, using their initiative and therefore ‘owning’ matters, with the support of the Head of Financial Crime, Head of Risk & Compliance and an experienced Deputy MLRO as they arise.

Tasks:

The Money Laundering Reporting Officer will have responsibility for the following: Internal and External Disclosures

• To receive internal SARs
• To carry out and maintain records of investigations into internal SARs received
• Where appropriate following completion of an investigation, to make an external Disclosure in accordance with Part I of the Disclosure Law
• To receive, investigate and where appropriate externalise disclosures in accordance with Sections 12, 15 and 15A of the Terrorism Law
• To receive and ensure timely compliance with any external requests from Law Enforcement, Regulatory Bodies, Government Bodies and Tax Authorities including but not limited to GFSC Section 23, FIS Reg 2, and Law Enforcement Production Orders, Fraud Notices
• To receive and act upon Sanctions Notices, Sanctions monitoring / auditing / investigation
• Maintaining appropriate internal registers and records including:
  • SAR register
  • ML enquiries register
  • Sanctions register
  • CPRF register
  • FIU Liaison/Request for Information register

Board Reporting

• Preparation of quarterly/periodic MLRO Board reports covering all matters required to be reported to the Board in the Handbook and applicable rules and regulations
• Identifying areas of risk and in doing so preparing detailed succinct reports for the Board.

Financial Crime Prevention and Advisory

• Contributing to the development and maintenance of the business’ suite of AML/CFT/CPF policies and procedures
• Working closely with the MLCO to ensuring regulatory developments both from the GFSC, FIU and Group, are considered and incorporated within the business’ PPCs
• Attending the relevant licensee’s Policies and Procedures Committee as required to advice on AML/CFT/CPF matters
• Responding to business internal queries, for example, those relating to the Handbook for Countering Money Laundering and Financing of Terrorism (the Handbook), Sanctions or Group Compliance PPCs etc;
• Assisting with completion of regulatory returns such as the GFSC Financial Crime Risk Review and thematic reviews;
• Attending to FIS guidance to industry initiatives ensuring a timely response when required;
• Handling requests and queries from regulators/auditors/third party auditors;
• Conducting AML/CFT/CPF induction training for all new staff and other basic trainings as required by the business;
• Updating AML/CFT/CPF induction and periodic training material where required;
• Ensuring that staff complete all mandatory AML/CFT/CPF training and declarations;
• Initiate and deliver additional training as required, for example; Fraud, Cyber, ABC, etc Team management

The role may include line management of junior team members, including:

• To hold regular team meetings and ensure tasks are allocated appropriately to deliver the responsibilities of the financial crime team in a timely manner
• Set performance objectives for line reports and review performance against them
• Ensure all line reports are supported in their professional development, identifying training needs and development opportunities as appropriate
• To approve leave, manage absence and review time reporting for line reports
• To act at all times in accordance with the business’s Staff Handbook and employment procedures