Head of Financial Crime

Overall Role as Head of EUI Financial Crime /Money Laundering Reporting Officer (MLRO)

• To be the Money Laundering Reporting Officer for EUI (UK Business)
• Lead the business in its desire to develop, maintain and review systems and controls that enable the organisation to identify, assess, monitor, and manage financial crime risks which are proportionate to the nature, scale and complexity of its activities.
• Develop, maintain, and review strategies and policies in relation to financial crime risks which meet legal and regulatory requirements.
• Provide support and oversight of Financial Crime processes in EUI.
• To make decisions in matters affecting operations and performance of the Financial Crime function in accordance with EUI strategy.
• To help ensure that the supply of management information is appropriate to the department and fits with the operational needs.
• To act in accordance with the Risk Strategy and Policy, ensuring an appropriate risk register is maintained in the areas for which there is direct responsibility.
• To develop a culture of audit, quality control and compliance and ensure that all aspects of the department’s operations comply with regulations.
• To develop a happy and talented team ensuring that the culture within the department reflects the four pillars of “Communication, Equality, Reward and Recognition and Fun.”

Key Duties and Responsibilities 

• To support the organisational objective that the customer is ‘front and centre’ in everything that the organisation does.
• Make sure that all customers are treated fairly.
• To work within budgets.
• To ensure the development and monitoring of key performance indicators. Maintaining clear controls on performance and costs.
• To drive performance and positive change in all areas of responsibility for including work partners.
• To ensure that there is strong succession planning and technical knowledge transfer.
• Ensure that continuing professional development is undertaken and appropriately recorded.
• Work closely with senior management to oversee a proactive approach to educating key staff members on the risks of Financial Crime and everyone within the team is consistently trained and developed to a high standard.
• Provide leadership which helps the department, and the business fulfil its regulatory requirements.
• Ensure the organisation has proportionate and risk based Financial Crime policies, procedures, and processes in place to be compliant with legal and regulatory obligations. This will include Fraud, Anti-Money Laundering, Counter Terrorist Financing, Financial Sanctions and Bribery & Corruption.
• Monitor and report on all material Financial Crime exposures across EUI to the relevant Committees and Boards through the Consolidated Risk Report and ownership of the Financial Crime Working Group.
• Meet legal and regulatory reporting obligations to the senior management, Board and external stakeholders on the operation and effectiveness of systems and controls to prevent financial crime.
• Ensure the appropriate systems and controls operate in the areas under direct control of the Head of Financial Crime and on a wider basis across the organisation.
• Proactively identify, manage and mitigate risks to the business and ensure that all risk events are reported to the Chief Risk Officer as appropriate as they arise or failing this during the regular update process.
• Act in accordance with EUI’s Information Security Policies.
• Act in accordance and within the spirit of regulatory conduct rules.
• Responsibility for working with business teams to agree, monitor and report fraud savings targets and costs on a commercial basis.
• Engagement with industry initiatives to ensure that Financial Crime best practice is understood and business changes are implemented as necessary.

Manage and maintain a cost-effective Financial Crime Prevention best practice supporting and protecting the business against Fraud and Financial Crime and related reputational risk ensuring that the needs of all stakeholders are met.​

Overall skills and experience

You will have:

• At least 5 years’ experience in Financial Crime, parts of which need to be at managerial level.
• A strong understanding of Risk, Audit, Compliance and Quality Control policies and controls and how these help meet and maintain our regulatory requirements
• Experience in supporting, mentoring and motivating a high-performance team
• The ability to build open relationships and gain consensus  with all stakeholders
• Attention to detail, with an analytical mindset (to focus on the right metrics and the right issues)
• Customer focus to make sure our customers are treated fairly and that they are ‘front and centre’.
• An ability to leave your ego at the door each morning and embrace Admiral’s flat and open structure

It will also help to have:

• Experience of designing and maintaining regulatory educational frameworks for larger companies
• Sufficient gravitas and credibility to influence and challenge senior stakeholders across the UK business.
• To be an outstanding structural thinker, with the ability to operate on a detailed level but also see the bigger picture

Interviews

Please note, 1st stage interviews will be held in the first week of December.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're consistently voted one of Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

You can also view some of our other key benefits here; https://admiraljobs.co.uk/employee-benefits/.

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