Financial Crime Executive

Job Description - Financial Crime Executive (MER0003CYK)

About us

At Mercedes-Benz Financial Services, our employees are at the heart of our business. Our colleagues provide a range of financial solutions designed around the changing needs of our diverse customers. We support you for being you.

Through the doors of Mercedes-Benz Financial Services, you will find a passionate team working to support our customers and our colleagues. We ensure that everyone has an equal opportunity to learn and develop.

We want to celebrate your individuality, embrace your personality and welcome you into our culture. We believe our backgrounds, skills and cultures contribute to our shared culture and help us deliver outstanding Customer Experience. Inclusion is the driving force behind our ethos.

At MBFS, we are committed to being a Menopause Friendly Employer. We offer wellbeing support options and resources to assist if you are directly affected by the Menopause, or are supporting someone who is going through the Menopause.

How you’ll play your part

In this role, you will support MBFS UK's MLRO in advising and assisting senior management in complying with MBFS UK's obligations for:

• Anti-Money Laundering
• Counter Terrorist Financing
• Bribery and corruption

You will provide the day-to-day lead and subject matter expertise on matters relating to financial crime across financial services. To the extent necessary or required, you will provide similar services and support to the senior management within Mercedes-Benz Insurance Service UK (MBIS).

Main Accountabilities

• Create and manage a financial crime risk control framework that identifies the relevant regulation for the regulated activity undertaken, including but not limited to appropriate policies and procedures.
• Instigate and maintain a regular MBFS AML Risk Assessment and oversee the implementation of any necessary remedial activity.
• Manage MBFS’ day-to-day AML control framework, including investigation of escalated AML suspicious activity reports and liaison with the National Crime Agency.
• Manage MBFS’ Sanctions and PEP regimes, ensuring compliance with both UK legislation and internal Mercedes-Benz Mobility (MBM) AG AML policy.
• Liaise with key internal stakeholders, including but not limited to MBFS UK fraud prevention and sanction screening function.
• Provide the business with a proactive regulatory compliance advisory service on financial crime topics.
• Produce regular financial crime management information for senior management and MBM departments, to identify, measure, manage and control financial crime risk.
• Provide guidance on the requirements for periodic financial crime reporting and ensure information is sent to the regulators in a timely manner.
• Manage the agenda and ensure accurate minuting of the Financial Crime Committee, ensuring that key risks and issues are highlighted, discussed and followed up as appropriate.
• Deputise as Chair of the Financial Crime Committee in the absence of the MLRO.
• Devise, implement and maintain adequate systems, controls and procedures to ensure effective liaison with law enforcement partners e.g. NCA, NaVCIS and police forces, MBFS UK’ regulator and trade association.
• Devise, implement and monitor financial crime controls for the identification and oversight of outsourcing arrangements by the business.
• Ensure effective AML/financial crime risk training is delivered across MBFS UK and MBIS UK.

About you

• A detailed knowledge of the financial crime regulatory frameworks gained through extended practical experience and relevant qualifications.
• A thorough understanding of how the requirements of the UK’s Money Laundering Regulations apply within the regulated financial services sector (preferably automotive lending).
• Knowledge of effective sanctions programmes in the UK’s financial services sector.
• Knowledge of effective anti-bribery and corruption programmes in the UK’s financial services sector.
• Experience of producing detailed management information and making recommendations to senior stakeholders.
• Excellent communication, presentation and influencing skills.
• Experience in devising and delivering an AML training programme.
• Ability to interact professionally with diverse groups, executives, managers, and subject matter experts.

What’s in it for you?

We’ll offer you a competitive salary and discretionary bonus structure. You’ll have access to our colleague car schemes, pension scheme, and a flexible benefit pot that can be used to find the benefits that are right for you.

We’re here to support you – we offer access to colleague wellbeing resources, including an Employee Assistance Programme, Mental Health First Aiders, and flexible opportunities to support work-life balance. We’ll also encourage your development, with the training and knowledge you need to reach your potential.

Through the doors of Mercedes-Benz Financial Services, you’ll find a passionate team working to put our customers first. We celebrate a culture of appreciation and respect, where everyone is valued for who they are. The diversity of our colleagues reflects the diversity of our customers.

What’s next?

When you apply, you’ll be asked to complete a short online application where we’ll ask that you include your current CV. You’ll also be asked some application questions, including your current salary information. The Mercedes-Benz recruitment process reflects our obligations under relevant UK legislation. We only progress applications from candidates who have the right to work in the United Kingdom.

Please be assured that we’re here to support you throughout the recruitment process and beyond, and reasonable adjustments are available to any candidates who need them. We’re also open to working flexibly and are happy to discuss flexible working options.