Head of AML and Sanctions Advisory and Deputy Money-Laundering Reporting Officer (Manager)

Nottingham Trent House (95002), United Kingdom, Nottingham, Nottinghamshire

Head of AML and Sanctions Advisory and Deputy Money-Laundering Reporting Officer (Manager)

As part of the AML team in Compliance you will support the MLRO in managing COEPs  financial crime compliance, including developing and maintaining anti-money laundering (AML) policies, conducting risk assessments, preparing management reports, and acting as a liaison with regulators and Enterprise teams. You will  ensure the organization adheres to regulatory requirements and internal controls to prevent money laundering and terrorist financing. You will act as the nominated deputy and delegate for the MLRO as needed and in the absence of the MLRO.

What you’ll do

Support Delivery of the AML Work Programme

- Own the delivery and provide support to prioritized AML objectives , deliverables and change projects
- Manage a team of Associates with a focus on high performance and impact-based delivery
- Act as the deputy and delegate for the MLRO
- Draft COEP Policies, Standards and Procedures for review

- Provide relevant input into monthly, quarterly and annual reports that are delivered to COEP Senior Management and Enterprise stakeholders
- maintain US relationships where required to oversee and perform processes and ensure potential impacting change is appropriately prioritised
- Lead on advisory, and check and challenge for Customer Due Diligence, and customer screening (including sanctions and PEPs)
- Take ownership of High Risk Country assessments and ensure related actions arising from these are appropriately actioned.
- Ensure appropriate insight is added to any cross functional deliverables (e.g Operational )  impacting the AML Work Programme highlighting and escalating impacts, mitigating risk  and maintaining traction
- Using data, provide grounded thought and experience/ knowledge to influence the implementation or design of change
- Keep up to date with Industry and Regulatory news in relation to AML/CTF and ensure relevant context is shared and evaluated appropriately

AML Risk Management and Control Oversight / Second Line Assurance

- Provide second line assurance of business change and business processes that impact AML requirements to ensure appropriate actions are taken and AML risk is appropriately managed
- Support and advise on Event remediation and resolution for AML/CTF impacting events and issues
- Support testing for UK AML owned controls and ensure any resulting issues are fully documented and resolved
- Maintain oversight of 1st line owned controls that are managing CDD and screening risk and ensure any escalations or problems are appropriately escalated and reported on.
- Maintain strong working relationships with stakeholders to ensure ineffective controls and AML related Issues are proactively highlighted
- Work with business areas to ensure operational AML Controls and Tests are designed and performing effectively

Manage Sanctions Screening Processes

- Work alongside the MLRO to manage the Sanctions Screening programme
- Maintain and own relationships with US teams in relationship to Sanctions list and Hotlist screening to ensure the process is appropriately managed,
- Ensure Sanctions processes and procedures are robust, effective and efficient and appropriately documented (ensuring any gaps in knowledge are filled and documented).

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).