Financial Crime Prevention Specialist

Our client seeks a Financial Crime Prevention Specialist to join their team. This is a role of considerable influence, and is at the heart of the Risk Strategy and governance operations because effective governance is fundamental to how the Group is directed and controlled. It has specific responsibility for making decisions relating to disclosure of suspicions and liaising with financial crime agencies. The role exerts influence at all levels of seniority and supports the Chief Compliance Officer in ensuring that all activities undertaken comply with legal, ethical and regulatory requirements. The role will include R16 (DMLRO) Controlled Function responsibilities. Key Responsibilities: Act or potential to act as an Approved Person undertaking Controlled Function R16. Interpret regulation and legislation ensuring that the business complies with legal, ethical and regulatory requirements in the jurisdictions of operation.Proactively embed an effective Financial Crime framework (to include Anti-money Laundering, Terrorist Financing and Fraud) throughout the business, to protect the Group from regulatory sanction, financial and reputational loss.Work with the wider Group Risk, Legal & Compliance team to support the implementation and embedding of control improvements in Line 1.In collaboration with business areas, develop internal procedures in line with the requirements of AML/CFT legislation and relevant industry guidance.Provide subject matter expertise on AML/CFT related regulatory consultations and work being undertaken as part of the Compliance Assurance Review programme. Develop and maintain appropriate AML/CFT risk-based monitoring processes that are proportionate to the Group's scale, nature and complexity.Oversee the submission of formal reports to law enforcement agencies and review and comply with any resulting production, restraint or confiscation orders issued by the Isle of Man courts. Oversee the production of internal reporting relevant to AML/CFT. Key Skills & Experience:An in depth understanding of the risk and financial drivers of the life industry with relevant professional qualifications or the willingness to work towards and achieve within the first 18 months in the role.In depth knowledge of financial crime legislation and the duties and responsibilities of an DMLRO in the Isle of Man and wherever has branch operations.Experience of holding a senior Financial Crime Prevention role for at least two to five years, ideally with DMLRO R16 Controlled Function Responsibilities.Broad commercial experience and understanding of market knowledge, regulations and legislation in the financial services sector, ideally from the life and investment sectors.Experience of operating in a multijurisdictional environment.Experience of working in a business going through continuous upgrading, change and growth.Track record for delivering timely, credible, subject matter expertise. Committed to mentoring and developing colleagues to support succession planning.Enjoys new challenges, embraces change, resolves conflict, flexible support to the wider team. For a full job description, please contact our team, quoting reference number: 15792