Financial Crime Executive

Mercedes-Benz AG

Aug 16

Applications are closed

Job
Full-time
Senior Level
Milton Keynes

Requirements

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.

Responsibilities

- 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, 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.

FAQs

What does the Financial Crime Executive role entail?

The Financial Crime Executive supports the MLRO in advising and assisting senior management in complying with obligations related to Anti-Money Laundering, Counter Terrorist Financing, fraud prevention, bribery and corruption, and sanctions compliance.

Is there a specific focus on automotive lending in this position?

Yes, the role requires a thorough understanding of how the UK's Money Laundering Regulations apply specifically within the regulated financial services sector, preferably in automotive lending.

Does the company offer training programs for employees?

Yes, the company provides AML/financial crime risk training across MBFS UK and MBIS UK to ensure effective compliance.

What qualifications are necessary for this role?

Candidates should have detailed knowledge of financial crime regulatory frameworks gained through extended practical experience and relevant qualifications.

What is the process for applying to the Financial Crime Executive position?

To apply, you will need to complete an online application that includes your current CV and answer some application questions, including current salary information.

Are there opportunities for professional development?

Yes, the company encourages employee development with training and resources to help you reach your potential.

What benefits are offered to employees in this role?

The benefits include a competitive salary, discretionary bonus structure, access to colleague car schemes, a pension scheme, flexible benefit options, and wellbeing resources.

Is the company committed to diversity and inclusion?

Yes, the company celebrates individuality and believes that the diverse backgrounds and experiences of its colleagues contribute to their shared culture and outstanding customer experience.

Does Mercedes-Benz Financial Services provide support for menopause?

Yes, the company is committed to being a Menopause Friendly Employer and offers resources to assist those affected or supporting someone going through the Menopause.

What are the working arrangements for this position?

The role supports flexible working opportunities, and the company is open to discussing various flexible working options to help promote work-life balance.

Mercedes-Benz AG

Automotive

Industry

10,001+

Employees

Mission & Purpose

Mercedes-Benz is a renowned global automotive company that specialises in luxury vehicles, trucks, buses, and mobility services. With a rich heritage spanning over a century, Mercedes-Benz is synonymous with exceptional engineering, innovative design, and a commitment to uncompromising quality. Their extensive product lineup includes a wide range of cars, SUVs, and electric vehicles that embody elegance, performance, and cutting-edge technology. Mercedes-Benz's ultimate mission is to provide customers with unparalleled driving experiences, setting new standards of safety, comfort, and sustainability. With a focus on innovation, craftsmanship, and the pursuit of automotive excellence, Mercedes-Benz continues to shape the future of mobility and lead the industry with their iconic brand and unwavering dedication to customer satisfaction.