UK Head of Detecting Financial Crime (DFC UK)
At a glance
The Detecting Financial Crime team is a new team within the UK P&C organisation. The Head of DFC UK reports to the UK Head of Process & Control (UK P&C). There will also be a reporting line into the Head Office Detecting Financial Crime (DFC) function for information, alignment, cooperation and to ensure strong communication lines.
The world is changing rapidly – and our role as gatekeeper changes with it. Derived from our purpose ‘Banking for better, for generations to come’, we strive for a sustainable, stable and safe financial system. Therefore, detection of ‘financial crime’ is a high priority for the bank.
Within DFC, different activities concerning detecting financial crime are merged into one organisation. Both in the Netherlands and our (Dutch and international) subsidiaries and challenger banks. By combining knowledge and expertise, we are better equipped to protect the bank’s systems against financial crime and handle new developments as well. In that context, ever-evolving technology represents both an opportunity and a threat. Not only does it help us to improve our investigative capabilities, it also enables organised crime to operate on a more advanced level. ‘Detecting financial crime’ is therefore an ‘ongoing process’ that demands the utmost in terms of our expertise and vigilance, day in day out.
Your job
Responsibilities
The Head of DFC UK will undertake the management of all aspects of CDD and Anti -Money laundering activities across the 1 LoD within the UK Branch, incorporating all business units. They will also manage a team of CDD and AML professionals ensuring that best use is made of resource and that resource is adequately supported to fulfil their roles. They will be responsible for ensuring that:
• The standards set within the team meet the Bank’s regulatory obligations in the 1 LoD;
• That all Policies, Global Standards, Global Standard Operating procedures relating to CDD / AML matters are fit for purpose and regularly reviewed in line with changing obligations;
• That the relevant Senior Management (SMF’s) receive the required MI to be able to assess the effectiveness of the CDD / AML processes undertaken in the 1LoD;
• Work closely with DFC Head Office to ensure full alignment and an operating model that aligns across the group;
• Be able to challenge the accountable business heads from a subject matter expert perspective on relevant topics, and other related tasks;
• Acting as a point of contact for tactical and operational DFC topics and is actively involved in the execution of UK Branch’s business responsibilities vis-à-vis DFC Head Office;
• Steering the UK DFC agenda and regular liaising with the NL DFC department, to ensure relevant topics from the DFC Triangle are being managed in the UK;
• Assuming delegated Business Lead responsibilities for DFC-topics;
• Understanding how Bank policies are implemented – Global Standards, CAAML policy etc.; and
Management and Leadership
• Promote a culture of good conduct by demonstrating and communicating the expected levels of behaviour and integrity by encouraging a speak up culture, compliance and completion of all mandatory/regulatory training courses, including but not limited to SHARP
• Regularly assess employees level of conduct and address instances of poor conduct
• Demonstrate and promote the expected levels of behaviour and employee integrity by showing strong adherence to moral and ethical principles and internal rules, policies and procedures
• Create an open and safe working environment which is free from barriers and where employees respect the opinions of others, feel free to give voice to their values, report and learn from mistakes by proactively asking for feedback and raise issues or concerns without fear for negative consequences
• Guide and coach employees in the objective setting process to ensure the overall mission and objectives of the department are fulfilled whilst ensuring the individual roles and responsibilities are clear, fostering a collaborative team spirit (locally and internationally) and ensuring robust mechanisms are implemented to limit key person dependencies
• Assess periodically the overall skill sets of the team and ensure that training and development needs are identified and acted upon via regular team and one to one meetings
• Regularly reviewing Succession Management and Talent Development plans, providing employees development opportunities to support those plans
• To carry out Human Resource Management tasks within the framework set for this purpose by ABN AMRO in order to ensure optimum allocation, motivation and knowledge of staff.
Your working environment
ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.
At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.
Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.
We concentrate on our three strategic pillars:
• Support our clients’ transition to sustainability
• Reinvent the customer experience
• Build a future-proof bank
Our strategy requires a culture of working together and permanent learning. It’s only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO’s culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.
ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:
• Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions
• Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services
Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.
Your profile
Extensive SME and UK industry knowledge in relation to all aspects of Detecting Financial Crime. Proven track record as an effective manager.
Required level of content and education
• Relevant qualifications and démontrable SME experience
Required employment experience / skills
• A strong people manager and leader with a proven track record running a DFC team
• Intuitive with regard to organisational sensitivities, ability to build strong and reciprocal stakeholder relationships
• Detailed knowledge and understanding of anti-financial crime legislation and regulations
• In depth knowledge of client integrity operational processes and demonstrable experience in first line of defence client integrity related work
• Sounding board for business and specialists, provides information and advice on multiple areas of expertise, has flexible communication skills
• Engagement with industry initiatives to ensure that Financial Crime best practice is understood and business changes are implemented as necessary
• Strong extensive knowledge of compliance, regulatory and legal framework as it applies to the UK
• An ability to interact professionally and with credibility and manage expectations of senior management and key stakeholders
• Ensure the appropriate systems and controls operate in the areas under direct control of the Head of DFC UK and on a wider basis across the organisation
• Good interpersonal skills and excellent service orientation
• Experience of training and resource allocation to bring team quickly to maturity
• Excellent team player with ability to develop, motivate and lead a newly created team
• To be able to work with discretion and confidentiality
• Excellent written and verbal communication skills
• Strong commitment to client service and excellence
• Comfortable with working in an environment of change, with flexible approach to new challenges
• Ability to remain professional and calm under pressure
What we offer
Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.
We have identified that the following types of flexible working may be suitable for this role in principle. Any requests will be determined in line with our Flexible Working Policy:
Type of Flexible Working
Remote working Yes 2/3 days in the office
Unpaid Leave Yes
Interested?
Are you interested? Please apply via the button below.
For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.