Director of Financial Crime Risk - EXCLUSIVE

Our global fintech banking group is looking for a Director of Financial Crime Risk for their London business.

• Lead the development and continuous improvement of the first line financial crime risk management processes, focusing on compliance with relevant laws, rules, regulations, and internal policy requirements.
• Support the growth of the Banking Services and Retail Banking Business Lines by developing and executing an effective and scalable risk management strategy.
• Take strong ownership of the first line of defence in managing AML, KYC, and EDD risk functions across the bank.
• Develop and oversee processes that comply with applicable laws, proactively addressing emerging risks, particularly in Retail Banking.
• Build, develop, and lead the AML Business Risk Management team.
• Support sustainable business growth by presenting risks and mitigation strategies to internal forums and governance committees.
• Foster a culture of continuous improvement, integrity, and collaboration within the team.
• Propose, establish, and maintain clear risk appetite metrics and KRIs for financial crime risk across all business lines.
• Participate in legislative developments and consultations, providing feedback on regulatory proposals.
• Build and maintain strong relationships with supervisory authorities, clients, and stakeholders.
• Lead the identification, measurement, and reporting of key financial crime risks.
• Develop and implement risk mitigation strategies tailored to Retail Banking products and services.
• Form reasoned conclusions about products, business lines, and clients to assist in risk-taking decisions.
• Build and manage a comprehensive risk reporting dashboard for senior management.
• Develop and maintain a robust management reporting function for key stakeholders.
• Ensure alignment of financial crime risk management functions with regulatory guidelines and best practices.
• Provide guidance and training on risk management principles and regulatory requirements.
• Offer expert advice and support on AML, KYC, and risk management requirements.
• Participate in product development processes, ensuring alignment with regulatory and risk management standards.
• Assess existing and new products for adherence to internal risk management principles.
• Work closely with Product Management teams to enhance risk management tools and solutions.
• Support product teams in addressing potential risks related to new Retail Banking offerings.

• Minimum of 8-10 years of experience in risk management, focusing on AML, KYC, and regulatory compliance in the financial services sector.
• Proven track record of managing and leading risk functions within banking or financial institutions.
• Experience with regulatory reporting, risk control implementation, and team leadership in retail banking.
• Strong understanding of AML, KYC, EDD, and regulatory compliance requirements in the banking industry.

For further information, please contact Duncan Jeffery.