Offers “IBM”

Expires soon IBM

Financial Crime Principal - Promontory

  • London (London)
  • Accounting / Management control

Job description

Promontory is a premier strategic, compliance and risk consulting firm operating as a unit within IBM Global Business Services. Our senior professionals have served as partners of top consultancies and law firms, leaders of financial regulators and global financial institutions. We are often engaged by the board or senior executives to assist with their most pressing, sensitive, and complex assignments. With Promontory and IBM offices located around the world we serve clients wherever their needs arise.

We have one purpose; to be a Trusted Partner. Through our values of Superior Expertise, Innovative Solutions and Collaborative Community we seek to provide our clients with solutions to their wide variety of complex problems. Across the business our consultants have a unique blend of legal, regulatory, and management expertise and we are looking to add further experience to our Financial Crime team.

Our team specialising in Financial Crime works across a wide variety of clients assisting in the development and execution of a wide range of financial crime related topics including Anti-Money-Laundering, Sanctions and Anti-Bribery and Corruption.

Your Role and Responsibilities
The Promontory Financial Crime Risk Management practice is involved in some of the highest profile engagements of the day and works regularly as Skilled Person and with firms directly to help strengthen their approach to financial crime risk management, covering anti-money laundering (“AML”), sanctions, fraud and anti-bribery and corruption (“ABC”). Our team is based in London and our work is predominately UK focused, however, we also work with our teams in Promontory and IBM globally connecting on financial crime issues.

Recent engagements include training Boards and senior executives on their role in managing financial crime risks, advising Money Laundering Reporting Officers (“MLROs”), Chief Risk Officers and Chief Executives on strategy to deal with regulatory interventions, Skilled Person Reviews and providing assurance over remediation activity and lookback investigations. We are also working with IBM on leading technology products, services and solutions related to anti-financial crime including the use of machine learning to manage anti-financial crime processes.

The Promontory team is diverse, talented and passionate about its work. We would like to attract applicants who are equally passionate and enthusiastic about financial crime risk management. As part of Promontory’s Regulatory practice, you will work within a team of senior industry figures and experienced professionals. You will be intellectually challenged and will play a role in growing the team.

Your Role and Responsibilities:
·  Client service
·  Key member of the team leading engagements for clients delivering exceptional regulatory and risk advice.
·  Be your clients’ point of contact on specific elements of our engagements.
·  Advise clients on regulatory requirements, expectations and industry practices as relevant, particularly in relation to UK financial crime regulations and associated regulatory and industry guidance.
·  Lead and participate in client meetings, such as interviews or presentations, which often include senior executives or directors of the client. You will rely on your understanding of current regulatory priorities and standards to help you plan for and drive discussions with clients.
·  Draft, revise, and present client deliverables—including reports, correspondence, presentations, and written tools such as policies and templates.
·  Lead execution of testing of clients’ financial crime risk management controls including due diligence, screening, transaction monitoring and suspicious activity reporting processes.
·  Plan projects and assignments across multiple workstreams, coordinate allocation of work to junior team members, track team progress on engagements and report on engagement progress to senior managers.
·  Work directly with senior stakeholders on larger client projects as and when required.
·  Travel as required to client sites in the UK and internationally (depending on COVID-19 restrictions and remote working policies). Time spent travelling varies depending upon the project.
·  Perform additional duties as assigned.
·  Practice and business development
·  Contribute to the growth and development of the Financial Crime practice in the UK.
·  Draw on your understanding of our core offerings and challenges faced by firms in relation to prevention of financial crime to undertake business development activity, collaborating closely with our colleagues within the wider IBM firm, by drafting proposals for clients, writing thought leadership, developing marketing materials to support our campaigns and participating in meetings with current or potential clients.
·  Take an active role in knowledge sharing, thought leadership and practice development to ensure the practice remains abreast of emerging trends and business opportunities, drawing on your knowledge and experience of the FCA regulatory strategy and objectives and analysing new legal or regulatory requirements relevant to our clients.
·  Support the wider practice in developing client relationships through external networking and contributing to knowledge-sharing events.
·  Manage the professional development of associates and analysts.
·  Perform additional duties as assigned.

Required Technical and Professional Expertise

·  Very strong experience working in a financial crime compliance and/or advisory role, ideally within the Banking sector with:
·  Strong working knowledge of UK anti-money laundering regulations, ability to navigate published rules and guidance and in-depth knowledge of one or more areas of financial crime risk management (e.g. payment screening, transaction monitoring and governance & reporting);
·  Experience and working knowledge of UK regulatory requirements in relation to Fraud Risk Management; and
·  Experience of assisting firms implement and operationalise change.
·  Working knowledge and awareness of other relevant anti-financial crime laws and regulations such as Sanctions, Terrorist Financing and Bribery and Corruption.
·  Prior experience of working at the FCA or dealing with FCA regulatory matters for regulated businesses and their leadership, particularly involving financial crime and an understanding of the developing approach relevant regulatory bodies are taking in supervising regulated firms.
·  Superior writing and editing skills with the ability to construct well-founded, clear and concise reports and recommendations. Ability to write policies and other framework documentation.
·  Highly motivated, with a proven ability to work on own initiative within a fast-paced, high-pressure work environment.
·  Experience in communicating with teams and external stakeholders independently and ability to develop strong relationships at all levels.
·  Ability to handle complex information, solve problems and manage multiple tasks whilst maintaining strong attention to detail. This includes ability to understand and interpret financial crime reporting and management information of financial services firms.
·  Aptitude to execute engagement deliverables autonomously, work within a team and manage teams.
·  Strong skills in word, excel, and PowerPoint.
·  Strong reputation for integrity and ethics.

Preferred Technical and Professional Expertise

·  Additional experience in other financial institutions such as Asset Management or Insurance.
·  Some knowledge of other regulations, such as the Senior Managers Regime, MAR and Conduct Risk.
·  A relevant qualification in financial crime risk management (for example ACAMS or International Compliance Association certificate and/or diploma).
·  Technical expertise and experience in broader compliance, risk management, corporate governance, accounting, or legal or regulatory issues.

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