SC Cleared Finance / Transformation Consultant - #2167428

SC Cleared Finance/Transformation Consultant (Financial Crime) – Hybrid – London – Inside IR35

Role Purpose

We are seeking an experienced professional to provide market knowledge and technical expertise to a project which is considering future transaction screening and monitoring capability of this finance house. The scope is sanctions compliance, anti-money laundering, counter terrorist and proliferation financing and payment fraud prevention across the Bank’s financial operations.

The initial requirement is for a candidate to provide technical expertise during the first phase of the project to define detailed requirements.

Key Responsibilities

Analysis to determine the required scope and coverage of transaction monitoring considering current activities and risk profile;

An evaluation of current arrangements, including operating model, to identify strengths and opportunity for improvement;

Market scanning and research to determine best practice and future trends;

Financial crime technical analysis to support key design considerations;

Technical expertise in support of business cases and statement of requirements; and

Preparations for later phases including potential vendor selection.

Essential Experience

Candidates must have recent technical experience of financial crime transformation projects within banks, across fraud, money laundering and sanctions, including detailed technical experience in the following areas:

A detailed understanding of the current software market including the future implications of AI;

Enterprise wide risk assessment;

Design of bespoke customer risk assessment models;

Definition of screening and monitoring rules and typologies to meet specific risk profiles; and

Experience validating and re-optimising financial crime business processes and end to end alert handling operating models.

You will also need to demonstrate the following:

Strong banking and payments knowledge and in particular a detailed knowledge of correspondent banking and Swift messaging;

Understanding of the international legal and regulatory financial crime requirements as they apply to a central bank, across all the areas of sanctions compliance, anti-money laundering, counter terrorist and proliferation financing and payment fraud prevention across the Bank’s financial operations.

Familiarity with best practice requirements of complex change projects;

Knowledge of best practice for model management and governance;

Ability to work collaboratively with multiple stakeholders including Financial Crime, Technology, Risk, Legal and Procurement.