Financial Crime Advisory Officer

The Financial Crime Advisory Officer will be instrumental in managing and executing financial crime compliance and monitoring programs, updating policies and procedures, and providing expert advice on financial crime matters. This role requires a deep understanding of UK regulations and best practices, and the ability to translate this knowledge into actionable insights and strategies for the bank. Other responsibilities include:

• Deliver challenge, expert insight and feedback to the First Line of Defence (1LOD) on financial crime best practices and regulatory developments.


• Manage and execute financial crime compliance and system monitoring programs to ensure the bank's activities adhere to UK regulatory requirements.



• Update and maintain financial crime policies and procedures, ensuring alignment with UK regulations, including the FCA handbook, POCA, TACT, and JMLSG guidelines.



• Assist in delivering comprehensive business-wide risk assessments, country risk assessment and other risk assessments in line with regulatory expectations.


• Manage and progress follow-up actions to enhance the bank's control framework, ensuring that financial crime risks are appropriately mitigated.



• Enhance and produce financial crime-related management information and dashboards, utilising tools such as Lightdash and Excel.


• Provide regular reports and updates to senior stakeholders and executive committees, ensuring they are informed of the bank's financial crime risk profile.



• Deliver financial crime gap analysis, identifying areas for improvement and ensuring that the bank remains compliant with evolving regulations.



• Conduct regular horizon scanning to stay ahead of emerging financial crime risks and regulatory changes.


• Produce summary papers and briefings for senior stakeholders and executive committees, providing insights into the potential impact of new regulations and industry trends.



• Work closely with 1LoD, Compliance, Legal, Risk, and other teams to ensure a coordinated approach to financial crime risk management.


• Foster a culture of compliance and awareness across the bank, ensuring all staff understand their roles in mitigating financial crime risks.


• Other duties as assigned to meet business needs., Manage and execute financial crime compliance and system monitoring programs.


• Be responsible for updating financial crime policies and procedures and ensuring compliance to the UK regulatory framework.


• Assist in the delivery of the business wide risk assessment in line with regulatory expectations. Manage and progress the follow up actions to strengthen the control framework.


• Provide challenge, insight and feedback to 1LOD in matters pertaining to financial crime best practice and regulation.


• Enhance and produce financial crime related management information and dashboards.


• Scope, write and deliver high quality Financial Crime Gap analysis, review and assurance papers.


• Complete horizon scanning on a regular basis and produce summary papers for senior stakeholders and executive committees.
  
  While not essential, the following experience and qualifications are highly desirable in our ideal candidate for this position, Strong regulation, legislation and best practice knowledge are requirements for this role. (FCA handbook, POCA, TACT, `JMLSG).


• Two years relevant experience within a Second Line Financial Crime Compliance Team.


• AML or Financial Crime qualification (ICA or ACAMS) preferred


• Experience using data systems such as Lightdash, Excel


• Strong attention to detail and analytical skills.
  
  Kroo has a big vision. To be the first bank that is both trusted and loved by its customers. We're helping people take control of their financial future and achieve their goals, whilst making a positive impact on the planet. Here at Kroo, doing what is right is in our DNA. We act with integrity, transparency and honesty. We think big, dream big, and relentlessly pursue our goals. We like to be bold, break new ground, and we never stop learning. But most importantly, we are on this journey together.
  
  We can be flexible with the structure of our interview process if someone's circumstances or timescales require it but our general structure is:


• 30-minute people screen with our talent acquisition specialist via google hangouts.


• 1-hour technical interview via google hangouts.


• 45-minute final interview via face to face or google hangouts.


Please let us know if you have any specific requirements or need assistance so we can be as accommodating as possible for you.

Benefits

What we offer:

At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top-notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:


• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.


• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.


• Employer-sponsored volunteer program: We're passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time.


• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.


• Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top-up.


• Learning and development: After 1 year of service, you'll have access to £500 from the Kroo Learning Fund to invest in your career development.


• Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required.


• Modern office: When you're in the office, you'll enjoy access to our modern, bustling workspace in Central London.


• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.


• Electric Car scheme: We're committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same.


• Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families.


• Room for growth: As a fast-paced, high-growth start-up, we're dedicated to providing our employees with room to grow and excel.


• You get full healthcare for you and your nuclear family via Vitality.


Hybrid Working:

At Kroo Bank, we have a hybrid policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource when used effectively. So, employees who can occasionally come to the office are a good fit for how we work right now. Keep in mind that this job involves working from Monday to Friday, with a mix of remote and office work, so you won't need to be on-site all the time.

Diversity and Inclusion:

We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.