Deputy Head of Financial Crime Compliance | London, UK

Deputy Head of Financial Crime Compliance

The Value of Active Minds

About Jupiter

Jupiter is one of the UK's leading investment management companies with over 500 employees and £52.6 billion worth of assets under management (as at 29th March 2024).

Jupiter provides investment services to individual and institutional investors through mutual funds (UK unit trusts, Luxembourg SICAVs and Dublin OEICs), separately managed accounts and sub-advised funds. Jupiter has experienced a period of international growth with offices open in EMEA and APAC.

The majority of our employees are based in our London office located just minutes from Victoria station which provides stair-free access from both the Underground's Victoria line and National Rail platforms, as well as limited road crossings to the Jupiter office. Our London office was designed to encourage employees to live active, healthy lives with floor-to-ceiling windows that allow for greater natural light and the benefit of a private balcony, table tennis room, cycle storage and on-site shower and locker facilities. The short distance to Green Park and St James' Park also provides employees with a natural space to relax during their lunch break and a healthy alternative to office-based meetings.

We offer our UK employees a 3:2 hybrid working arrangement where Tuesdays, Thursdays and a third day of your choice are worked from the office. The other two days may be worked from home. This facilitates collaboration and allows employees to maximise productivity whilst maintaining a healthy work/life balance.

Background

This is an exciting new role supporting the Head of Financial Crime Compliance with all activities within the Group relating to financial crime matters. To include but not limited to, anti-money laundering (AML), counter-terrorist financing (CTF), tax evasion, anti-bribery and corruption (ABC) and fraud.

Key Responsibilities

• Provide financial crime related guidance to internal and external stakeholders.
• Advise business units about financial crime compliance issues and risks and recommend corrective actions.
• Support the Head of Financial Crime and Group Head of Compliance/MLRO in tracking, reviewing, interpreting and reporting new financial crime regulations to ensure the Group's policies and procedures are compliant.
• Perform financial crime risk assessments, gap analysis work and other related tasks to mitigate financial crime risks within the Group.
• Use MI (Management Information) to identify potentially suspicious activity, higher risk clients/investors and compliance risks.
• Perform additional due diligence checks on 'higher risk' clients and investors, including politically exposed persons (PEPs).
• Maintain the Group's Country Risk Assessment (CRA), ensuring that it is consistent across all business areas and third party administrators.
• Support the Head of Financial Crime Compliance and Group Head of Compliance/MLRO to implement financial crime training across the Group.
• Investigate the causes of any identified or reported fraud and recommend appropriate remedial action to business units.
• Review and submit necessary filings with relevant authorities such as the National Crime Agency, Action Fraud UK and regulators.
• Draft governance papers on financial crime matters and presenting output to Committees and Boards.
• Support the Head of Financial Crime and Group Head of Compliance/MLRO in overseeing the financial crime framework (including third party administrators and operations teams), making recommendations for control enhancements where necessary.

Oversee the work of and act as manager for the Financial Crime Analyst, whose duties will include:

• Collecting background information for all reported SARs.
• Drafting initial National Crime Agency reports for the Head of Financial Crime Compliance.
• Gathering information and responding to external investigation queries, e.g., from the Police or Department for Work and Pensions.
• Reviewing PEP and Sanctions screening results to ensure that any positive matches against relevant sanctions and PEPs lists are dealt with appropriately and promptly.
• Carrying out ad-hoc sanctions/PEPs lists checks and other sanctions/PEP checking tasks.
• Preparing sign-off sheets for the Money Laundering Reporting Officer of all identified PEPs.
• Reviewing fraud alerts.
• Compiling and submitting fraud statistics to the Investment Association.
• Extracting data and compiling statistics for financial crime reports submitted by the Compliance Department.

Desired Skills / Experience

• At least 5-7 years' financial crime or anti-money laundering compliance experience within a financial services firm, preferably one with a global footprint.
• Extensive knowledge of AML regulations, customer due diligence requirements, PEPs, and sanctions.
• Excellent interpersonal skills and an ability to communicate well with all levels of employees.
• An analytical and enquiring mind-set.
• A systematic approach to work.
• Effective time management skills.
• Exceptional report writing skills.
• Excellent presentation skills.
• Persuasive, assertive, and proactive.
• Self-motivated team player.
• Pays very close attention to details.
• Ability to multi-task and prioritise.
• Ability to maintain strict confidentiality.
• Proficient in Microsoft Office Suite (Word, Excel, Project, PowerPoint).
• ICA International Diploma in Anti Money Laundering or ICA Diploma in Financial Crime Prevention or equivalent qualification beneficial.

Additional Role Details

• This role is subject to the Conduct Rules set by the FCA.

Don't meet every requirement? At Jupiter we are dedicated to building a diverse and inclusive workplace, so if you are interested in this role, but don't think your experience aligns perfectly with every listed requirement in the job description, we would encourage you to apply. You may be the right person for this role.