Financial Crime Oversight Manager

Target Group are a leading business services provider in lending, investments and insurance, creating value for our clients through digital customer journey, outsourcing and operational transformation.

As Financial Crime Oversight Manager you will assist the business in complying with financial crime legislation and regulation, ensuring that appropriate controls are in place and evidenced, to mitigate the financial crime risks presented across the Target Group (Target).

You will provide guidance and support to internal stakeholders and, where required, represent Target at client and industry forums.

Main day to-day responsibilities include:

• Draft credible business-wide financial crime risk-assessments and control testing to identify and assess key inherent and residual financial crime risks, and to make recommendations for improvement in the risk environment where necessary.
• Work with colleagues to design solutions that positively impact maturity of internal/client controls.
• Continually assess effectiveness of financial crime systems and controls against regulatory requirements and make recommendations for change, where appropriate.
• Produce periodic and other relevant reports and management information, based on business risk, control and performance outputs.
• Identify and assess applicable financial crime-related legislation, regulation, best practice and financial crime typologies, to shape the design, standards and controls associated with the firm’s internal financial crime risk framework and methodologies.
• Maintain Target’s financial crime policy portfolio.
• Engage with offshore stakeholders as required, to support promotion and/or integration of financial crime services and to provide SME advice and guidance.
• Identify and highlight trends in MI, to provide focus on those aspects of activity that require increased risk management and attention from the senior leadership team and ExCo.
• Prepare financial crime regulatory mapping and reporting returns, ensuring timely and accurate delivery.
• Conduct assurance reviews in accordance with the financial crime plan, producing independent reports, escalating any area of concern with recommendations for remedial action and tracking stakeholder actions through to delivery.
• Provide specialist support with the onboarding of new clients.