FAQs
What is the primary purpose of the Financial Crime Officer role?
The primary purpose of the Financial Crime Officer role is to undertake financial crime prevention and detection activities in line with UTB’s risk appetite and financial crime policies and procedures, with a focus on supporting the delivery of the Bank’s Financial Crime Compliance Monitoring Plan and performing horizon scanning.
What are the main responsibilities of the Financial Crime Officer?
The main responsibilities include assisting the Financial Crime Manager in executing the Financial Crime Monitoring Plan, designing test scripts, completing testing and report writing, proposing actions to address root causes, tracking review actions, ensuring regulatory compliance across financial crime areas, performing horizon scanning, supporting documentation drafting, completing Financial Crime projects, and delivering training for employees.
What specific areas of financial crime will the Financial Crime Officer focus on?
The Financial Crime Officer will focus on areas including Anti-Money Laundering (AML), Fraud, Sanctions, Anti-Bribery and Corruption (ABC), and Anti-Tax Evasion.
What qualifications and experience are required for the Financial Crime Officer role?
Candidates should have current knowledge of money laundering, sanctions, fraud, bribery, and corruption laws/regulations, 2-3 years of experience in conducting financial crime monitoring reviews, a good understanding of UK regulations related to AML/CTF, and knowledge of regulatory and industry best practices. An International Compliance Association Financial Crime qualification or equivalent is desirable.
What skills are essential for a successful Financial Crime Officer?
Essential skills include current knowledge of financial crime laws/regulations, a sound understanding of the AML Risk-Based Approach, experience in testing and reporting for financial crime monitoring, and a good grasp of regulatory frameworks and industry best practices.
What kind of training will the Financial Crime Officer provide?
The Financial Crime Officer will support the Financial Crime Manager/Head of Financial Crime in delivering Financial Crime training for employees across UTB.
What benefits does the Financial Crime Officer position offer?
The position offers a competitive salary and bonus package, 26 days of holiday plus 2 wellbeing days, a contributory pension, life insurance, income protection, critical illness cover, private medical insurance, season ticket loans, enhanced maternity and paternity pay, and excellent career development opportunities including sponsorship for relevant qualifications.
What is the employment experience level required for this position?
The position requires 2-3 years of experience in conducting financial crime monitoring reviews, which includes testing, sampling, report writing, and assuring processes and controls to mitigate risk.