London, United Kingdom
About LHV
LHV is a major financial group and capital provider managing over EUR 8 billion of financial assets globally. We’re an innovative link between FinTech companies and their consumers, offer highly complex and unique Banking-As-A-Service platforms on demand, and we plan on making a lot of noise in the market as we scale-up in 2022!
We have rapidly become one of the largest Banking Services players. With help from LHV UK, our clients reach 500 million end-customers in the UK and Europe by making and collecting payments. LHV UK Banking Services are used by more than 180 international clients with more than 10 million end-customers. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV employs over 600 people and more than 200,000 customers use LHV's services. LHV's pension funds have over 170,000 customers.
LHV UK today is a full-service Banking Services provider, granting access to payments infrastructure to a variety of companies, from fintech unicorns and digital asset companies to established financial institutions with a global reach. LHV UK's mission is very exciting, the goal is to become an independent scale-up challenger bank in the UK and we are in the process of acquiring our banking license.
Role Objectives
Development of the bank’s AML risk assessment framework;
Development of specific and granular AML risk assessment frameworks and risk appetite frameworks (e.g. client, product, country and delivery channel);
Develop and implement risk assessment practices and risk appetite applied by the first line of defence;
Draft and maintain firmwide second line of defence AML policies, procedures and review the procedures drafted by the first line of defence;
Assist in the preparation and presentation of management information to the Bank Executive Committee and AML Committee, participating in meetings of these bodies as required;
Assist the MLRO in the preparation of the MLRO annual report;
Act as a final point of escalation for high-risk client reviews;
Provide specialist input into the new product approval process;
Provide advice, guidance and challenge on high-risk transactions and activities;
Provide assistance to establish the quality assurance function;
Assist in the maintenance and operation of suspicious activity reporting regime, deputising for the Nominated Officer when needed;
Keep abreast of developments in AML and terrorist financing, interpreting legislation, regulations and regulatory communications. Sharing such knowledge as appropriate and converting to practical actions;
Coordinate responses to industry bodies financial crime consultations;
Draft and deliver training of internal teams;
Deputise for the MLRO in such duties as engagement with regulators where needed; and
Undertake assigned compliance project work or relevant tasks as specified by the MLRO.
Experience and attributes
Extensive experience in the AML Team of a financial services firm (banking preferred);
Extensive experience of the EU and UK AML regulatory regime;
Strong experience of retail banking preferred;
Strong Excel and data handling skills;
Experience in drafting policy documents and risk assessments;
Experience in drafting suspicious activity reports;
Professional AML qualification (e.g. ICA, CAMs, ACAMS);
Ability and confidence to communicate at board level;
Ability to think on a strategic level (e.g. planning high level activities of the 2LOD AML Team in response to regulatory changes and the corporate activities);
Excellent communication skills both written and verbal;
Self-motivated and ability to work on own initiative;
Ability to design and implement new processes to make continuous improvements;
Passionate about the benefits of a positive compliance culture;
Excellent interpersonal skills, the ability to build and maintain relationships;
Ability to work to deadlines and under pressure managing multiple priorities; and
Limited travel may be required.
Some of our benefits
• Competitive salary & progression
• Open and inclusive culture
• Hybrid working
• Fantastic offices and great working environment
• Vitality Health Plan (includes private health insurance, travel insurance, gym discounts)
• Medicash health plan (Level 3)
• 5% employer pension contribution
• Life assurance
• Income protection insurance
• 28 days holiday plus 3 additional days, bank holidays & further days for various key life events
• Team lunches and socials