Global Head of Financial Crime Strategy

3 Months ago • 10 Years +

Job Summary

Job Description

The Global Head of Financial Crime Strategy will lead the prevention, detection, and reporting strategy, collaborating with operations, legal, regulatory compliance, and product teams. This role involves building and maintaining the Financial Crime Compliance (FCC) program to protect the business against money laundering and ensure swift detection of illicit activities. Responsibilities include managing the FCC program within the 1st line of defense, developing and implementing FCC strategies, monitoring regulatory developments, managing financial crime systems, delivering training, and reporting to senior management. The role requires proactive identification of financial crime trends and liaison with law enforcement.

Must have:

10+ years of experience in Financial Crime Compliance in EMI/FinTechs.
Extensive experience in designing and implementing financial crime technology infrastructures.
Knowledge of governance and Financial Crime Compliance policies and procedures.
Ability to communicate and present to senior management.
Experienced people manager.

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Job Details

Nium is a next-generation financial services platform that enables companies around the world to unlock new revenue opportunities and improve cash flow economics.

Nium is a leader in its geographical and payment service breath, owning licences in the world's largest and fastest growing economies. Our modular platform allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Our proprietary set of APIs embeds financial services and can bring to life multiple B2B and B2C use cases in a matter of weeks.

Nium is part of CB insights Fintech 250, which highlights the most promising Fintech companies globally. Today, Nium serves over 130 million customers and enables platforms to provide access to financial services to over 3 billion people across the world.

About the role

NIum is looking for a Global Head of Financial Crime Strategy to lead prevention and detection, and reporting strategy, and to collaborate closely with our operations, legal, regulatory compliance and product teams. The successful candidate will be a self-starter and driven individual who is keen to work in a fast-paced dynamic environment. This role will lead Financial Crime Strategy for the first line of defence and report directly to the Chief Operations Officer (COO).

With a heavy focus on technology, automation and continued optimization, the role remit will be to continue to build out the Financial Crime Compliance [FCC] programme with priority being to support and protect the business against Money Laundering Risk (including Counter-Terrorist Financing and sanction risk), and to ensure a swift and effective detection of money laundering activity and embed anti money laundering legislation, rules and guidance throughout the business.

Responsibilities

Manage and maintain a high calibre Financial Crime Compliance within the 1st Line of Defence, supporting and protecting the business against Financial Crime.
Work alongside the Head of Compliance Operations to manage and set department and individual goals and targets for all Compliance Operations tasks.
Responsibility for the further development, implementation and maintenance of an effective tactical and strategic FCC programme.
Monitoring regulatory FCC developments and notifying relevant changes and ensure the design and implementation of new/amended FCC controls are effective.
Maintenance of Financial Crime Systems, driving continuous validity testing and optimization.
Delivering FCC regular training programme to embed a culture of awareness.
With the help of MLROs and the 2nd Line Compliance Team, understand and have continuing knowledge of FCC requirements to ensure that the AML programme is consistent with all applicable local laws, regulations and rules and that the FCC programme is updated, as required, in light of changes to local laws, regulations and rules.
Develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board.
Manage remediation activities across Financial Crime, being the central conduit between Operations, Technology, and Compliance.
Establish and maintain liaison with local financial industry representatives to proactively identify current financial crime trends, criminal activity and the identification of organised criminal groups and influence security best practises.
Where applicable, liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify financial crime trends/criminal activity and organised criminal attacks.

Requirements

Minimum 10 years of experience in Financial Crime Compliance in EMI/FinTechs.
Highly numerate with extensive experience in designing, implementing, and running financial crime technology infrastructures.
Knowledgeable and experienced in governance and Financial Crime Compliance policies and procedures with knowledge on fintech Financial Crime Compliance risk and advisory.
Able to communicate and present to senior management or business partners.
Experienced people manager.