Purpose of role To lead the EMEA Financial Intelligence Unit, an AML Compliance Function, in the design and execution of procedures designed to detect and report suspected money laundering to the appropriate law enforcement authorities;
The role is required to:
(1) support the EMEA MLROs and the Chief AMLO in the discharge of their regulatory obligations to report suspicious activity; and
(2) ensure a coordinated and timely approach in EMEA to the identification, development, dissemination and recording of financial and business intelligence and transaction data that might be indicative of money laundering.
The role will interact on a day to day basis with all of State Street's regulated legal entities in the EMEA region and also with the Global FIU Team in Boston.
Provide strong leadership and investigative experience to the FIU Team in the conduct of case investigations arising from unusual activity referrals (UARs) to determine whether an external suspicious activity report (SAR) is required
Deputise for the UK MLRO as nominated officer and deal with incoming law enforcement / NCA enquiries, as required;
Work closely with the Global FIU Head and the COO for AML Compliance, as the delegate for the UK MLRO (and other EMEA MLROs) to provide leadership in the design and implementation of improvements to our financial crime detection tools and procedures to ensure that they are fit for purpose to meet local and regional regulatory requirements - taking into account any relevant recommendations arising from audit and other external regulatory examinations;
Provide leadership and direction to UK senior management and the Compliance/AML function (and keep them informed) on the conduct of open investigations, emerging trends and typologies and red flags, including via the provision of regular reporting through the UK Financial Crime Sub-Committee and EMEA AML Oversight Committee;
Assist with the development and execution of communications and training strategies that are designed to maintain the competency of management and staff in the EMEA in the detection suspicious activity;
Represent State Street externally at the Joint Money Laundering Intelligence Taskforce and other industry forums, working groups, intelligence sharing networks to inform and improve our suspicious activity detection capabilities and to address common challenges or changes in regulation.
Skills and Experience
Proven experience developing financial intelligence under the Proceeds of Crime regime (or equivalent), or investigating serious and organized financial crime / money laundering.
In depth knowledge of UK laws, regulations and legislative and regulatory processes/expectations relating to AML and financial crime and in particular in relation to the money laundering detection tools
Strong leadership and decision making skills in relation to sensitive financial investigations and the ability consider and manage these investigations and AML risk in a commercial context
An established network of contacts from the financial crime intelligence / asset recovery / law enforcement community
Competency in addressing and communicating sensitive issues at senior management level
Ability to develop business relationships within and outside of the organization
Proven interpersonal, communication, project management and leadership skills
Demonstrated problem solving, managerial and decision-making skills
Ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines
Ability to influence and build consensus
Excellent oral and written capabilities with desire to actively participate in industry events and assist with the development of policies
Capable of building, developing, motivating and leading high-performing teams
Ability to produce high quality and/or final work product and solutions under strict regulatory or management deadlines
Internal Number: 5668678
About State Street UK
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