Head Of Financial Crime (Penarth)

Head of Financial Crime

Location: Cardiff UK (Hybrid)

About Us:

Wealthify is a dynamic and innovative FinTech Wealth Management business based just outside of Cardiff Wales. As we continue to expand, we are seeking an experienced Head of Financial Crime to develop and enhance our financial crime capability. This is a unique opportunity to make a significant impact in a fast-growing company.

Role Overview:

The Head of Financial Crime will be responsible for monitoring and evolving the controls towards our financial crime alerting and monitoring systems. The successful candidate will also lead a team to carry out customer reviews and investigations, ensuring we adhere to the highest standards of regulatory compliance and risk management. At Wealthify our technology plays a crucial role in developing in-house solutions, so we’re seeking a dynamic leader capable of defining the specification for internal capabilities rather than solely relying on third-party solutions.

Key Responsibilities:

Develop Financial Crime Capability:

• Define the strategic vision for the financial crime function in line with our risk appetite.
• Identify, evaluate, and implement financial crime alerting and monitoring systems.
• Ensure systems are scalable, efficient, and aligned to the UK’s AML regime.

System Requirements and Implementation:

• Collaborate closely with our in-house technology and platform teams to define system requirements.
• Monitor and optimise system performance to enhance detection and prevention capabilities.
• Consider the opportunity to leverage artificial intelligence (AI) and robotic process automation (RPA) to improve efficiency and accuracy in financial crime detection and prevention.

Team Leadership:

• Develop and lead a high-performing team dedicated to financial crime prevention and investigation.
• Provide training, mentoring, and support to team members.
• Foster a culture of continuous improvement and professional development.

Customer Reviews and Investigations:

• Develop and implement robust procedures for teams conducting customer reviews and investigations.
• Ensure timely and thorough investigations of suspicious activities and transactions.
• Collaborate with internal and external stakeholders to resolve cases and mitigate risks.

Regulatory Compliance and Risk Management:

• Work closely with the MLRO to assist with discharging their duties, manage risk, and appropriately escalate as necessary
• Be aware and inform the team of regulatory changes and industry best practices related to financial crime.
• Ensure all financial crime activities are compliant with relevant regulations and guidelines.
• Develop and maintain financial crime risk management frameworks and policies.

Reporting and Analysis:

• Produce regular reports and analysis on financial crime activities and system performance.
• Present findings and recommendations to senior management and stakeholders.

Qualifications and Experience:

• Bachelors Degree or equivalent education preferred
• Relevant professional qualifications are highly desirable.
• Extensive experience in financial crime operations, preferably within the FinTech or wealth management sectors.
• Proven track record in defining requirements for and implementing financial crime alerting and monitoring systems.
• Strong leadership skills with experience in building and managing teams.
• In-depth knowledge of UK financial crime regulations and industry standards.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.

What We Offer:

• Competitive salary and benefits package.
• Opportunity to work in a fast-paced, innovative environment.
• Career growth and development opportunities.
• Flexible working arrangements.