ABOUT IFX PAYMENTS

We’re an award-winning global provider of foreign exchange and payment solutions. At IFX, our mission is to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions that add value beyond the transaction. We have one guiding principle: to Win. Properly.

REQUIREMENTS

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• Experience: Extensive experience in financial crime compliance, AML, and fraud prevention, preferably in a senior le role.

• Regulatory Knowledge: In-depth knowledge of financial crime regulations, including AML and FCA requirements. Familiarity with REP 17 and REP 18 reporting.
• Leadership Skills: Proven leadership and team management skills, with the ability to oversee multiple teams effectively and drive high performance.
• Strategic Thinking: Strong strategic thinking and planning abilities, with a focus on developing and implementing effective financial crime prevention strategies.
• Analytical and Investigative Skills: Exceptional analytical and investigative skills, with a history of effectively managing complex financial crime cases.
• Communication Skills: Excellent communication and interpersonal skills, capable of effectively liaising with various stakeholders and presenting complex information clearly.
• Problem-Solving: Strong problem-solving skills and the ability to think critically in high-pressure situations.
• Technical Proficiency: Proficiency in using relevant software and systems for financial crime detection and management.
• A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance
• Adaptable, tenacious and flexible who is able to perform under pressure.

OVERVIEW OF THE ROLE

The Director of Financial Crime and UK MLRO is a critical leadership role within our organisation, responsible for overseeing the financial crime risk control framework. This position requires a strategic leader with extensive experience in financial crime compliance, adept at liaising with counterparty banks, stakeholders, and regulatory bodies. The ideal candidate will have oversight of the Financial Crime teams, ensuring the implementation of robust policies and controls to safeguard against financial crime and ensure compliance with regulatory requirements.

RESPONSIBILITIES

• Global SME: Act as the group SME for all Financial Crime matters, providing expertise and guidance to other group MLROs and Financial Crime staff.
• Team Oversight: Lead and mentor high-performing Financial Crime teams and embed the IFX culture.
• Training and Development: Ensure all relevant staff are adequately trained in money laundering and terrorist finance prevention, that the standards of training are appropriate and that records are kept. Ensure that all staff are aware of their personal obligations and the firms policies and procedures and that the basis for the firm’s risk-based approach is understood and applied.
• Policy Implementation and Updating: Develop and maintain all policies and procedures related to financial crime, AML, ABC, and fraud prevention.
• Regulatory Liaison and Reporting: Represent the firm to all external agencies, e.g. regulators or law enforcement agencies, and in any other third-party enquiries related to money laundering prevention, investigation or compliance.
• Systems and Controls: Ensure that systems and controls are adequate and effective for IFX Payments, constantly reviewing and enhancing them to meet evolving regulatory and business needs.
• Suspicious Activity Reporting: Oversee both internal and external suspicious activity reporting processes, ensuring timely and accurate reporting in compliance with legal obligations.
• Risk Management: Develop and maintain a comprehensive risk management framework to identify, assess, and mitigate financial crime risks including maintenance of the FC risk assessment,
• Stakeholder Engagement: Engage with senior management, external partners, and regulatory bodies to ensure alignment of financial crime strategies with business objectives and regulatory expectations.
• Reporting: Provide management information as necessary to the CCO, the Board and the ARC, including an Annual Report each year for the Board and senior management on the firm’s compliance with its obligations.
• Assurance: Regularly review the effectiveness of money laundering compliance policies and procedures to prevent money laundering and counter the financing of terrorism. Make recommendations for action to remedy any deficiencies in policies, procedures, systems or controls and ensure remediation plans are in place.
  Act as Nominated Officer and MLRO.