Head of Financial Crime
Location: Cardiff UK (Hybrid)
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. 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. 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.
System Requirements and Implementation:
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.
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.
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.
Bachelors Degree or equivalent education preferred
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.
Competitive salary and benefits package.
Career growth and development opportunities.
Flexible working arrangements.