UK Head of Detecting Financial Crime (DFC UK)

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.

The Head of DFC UK role within UK P&C is a permanent role responsible for the management of all DFC activities. The incumbent must have intimate and demonstrable knowledge of the UK’s regulatory regime in relation to Client Due Diligence (CDD) and Anti-Money Laundering (AML) requirements. The purpose of the role is to manage and maintain a cost-effective DFC team to support and protect ABN AMRO UK against financial crime risk. The DFC UK team is strategically and procedurally aligned with the DFC team in Head Office, whilst ensuring specific UK requirements are embedded in relevant processes. Also have the ability to be able to manage the delivery of the productivity based upon the skill set of the team, identifying where changes are required in order to be able to deliver against pre-determined KPI’s. Whilst the DFC team is now operational, there will be a requirement to continue the successful establishment of the team and create and deliver a plan for DFC UK which demonstrates process and productivity improvement – allowing the team to deliver more as time progresses and the DFC landscape evolves. There will also be a training component to ensure that all members of the team have the requisite knowledge to undertake the activities.

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 the resources are 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 2LoD colleagues to ensure that they receive the oversight required to assess the effectiveness of the activities undertaken within DFC UK team;
• Work closely with DFC Head Office to ensure full alignment and an operating model that aligns across the group;
• Ensure that the DFC UK maintains high level of knowledge with relevant training and access to industry papers and best practice solutions;
• 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;
• Obtaining and maintaining intimate knowledge of systems and processes used in the UK Branch and NL DFC to support regulatory obligations;
• 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
• Delivering training and ensuring awareness, in conjunction with UK Compliance, to 1LoD participants on new processes required to meet regulatory obligations

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.

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

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

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.

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