Head of Financial Crime (Operations) at Tandem Bank

Durham, England, United Kingdom

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£70,000 – £90,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, FinTechIndustries

Requirements

Strong analytical and problem-solving skills, with the ability to make sound decisions in complex situations
Excellent communication and interpersonal skills, with the ability to engage with internal and external stakeholders effectively
A strategic mindset, with the ability to drive change and transformation within the organisation
High ethical standards and integrity

Responsibilities

Lead and oversee the transformation of Financial Crime operations to enhance efficiency, effectiveness, and agility
Develop and execute a strategic vision for Financial Crime operations, aligned with the Bank's objectives
Develop and implement robust financial crime risk management strategies, policies, and procedures
Monitor and assess financial crime risks associated with secured and unsecured lending and savings accounts
Ensure compliance with all relevant UK and international regulatory requirements, including AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations
Stay up-to-date with evolving financial crime laws and regulations and adapt the bank's policies accordingly
Build and lead a high-performing team of financial crime professionals, fostering a culture of collaboration, innovation, and continuous improvement
Provide coaching, mentoring, and development opportunities for team members
Oversee the investigation of suspicious financial activities and transactions, coordinating with internal and external stakeholders as needed
Prepare and submit timely reports to regulatory authorities and senior management
Champion a culture of continuous improvement within the Financial Crime operations team
Identify opportunities to enhance processes, streamline operations, and improve the effectiveness of financial crime prevention measures
Implement best practices and leverage technology solutions to drive efficiency and effectiveness
Develop and maintain strong relationships with key stakeholders, including second-line risk and compliance teams
Collaborate closely with these stakeholders to ensure alignment and effective risk management

Skills

Key technologies and capabilities for this role

Financial Crime OperationsRisk ManagementRegulatory ComplianceTransformation LeadershipStrategic PlanningLending OperationsSavings AccountsStakeholder CollaborationProcess ImprovementAMLFraud Prevention

Questions & Answers

Common questions about this position

What is the salary and bonus for this role?

The salary range is £70,000 - £90,000 with up to 20% annual bonus.

What is the location and working arrangement for this position?

The role is based in Chester-le-Street (Drum Industrial Estate) with hybrid working, following a Monday to Friday pattern of 36.25 hours per week.

What key skills and experience are required for the Head of Financial Crime (Operations) role?

The role requires leadership in financial crime operations transformation, expertise in financial crime risk management, knowledge of AML and KYC regulations, team management skills, and experience in investigations and reporting.

What is the company culture like at Tandem Bank?

Tandem fosters a culture of collaboration, innovation, and continuous improvement, guided by values of being Brave, Enterprising, Simple, and Together (BEST), with a diverse team driving positive change for people, customers, and the planet.

What makes a strong candidate for this Head of Financial Crime role?

A strong candidate is ambitious, dedicated, and experienced in leading financial crime operations transformation, with the ability to build high-performing teams and ensure regulatory compliance in AML and KYC.

Tandem Bank

Digital bank offering green financial solutions

About Tandem Bank

Tandem Bank provides digital financial services with a focus on environmentally friendly solutions. It offers a variety of products including personal loans, home loans, mortgages, car finance, and savings accounts, catering to individuals in the UK. The bank's approach to lending emphasizes green initiatives, aiming to minimize the environmental impact of its customers. Tandem generates revenue through interest on loans and fees from savings products. What sets Tandem apart from other banks is its strong commitment to sustainability, demonstrated by financing significant CO2 reductions and collaborating with partners like Oplo and Allium to enhance its green offerings. The goal of Tandem Bank is to provide fair financial solutions while promoting environmental responsibility.

Blackpool, United KingdomHeadquarters

2013Year Founded

$164.3MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Fintech, Social Impact, Financial ServicesIndustries

201-500Employees

Benefits

Paid Vacation

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Hybrid Work Options

Risks

Competition from digital banks like Monzo and Starling Bank is intensifying.

Regulatory scrutiny on greenwashing claims could challenge Tandem's environmental product claims.

Rising UK interest rates may reduce demand for Tandem's lending products.

Differentiation

Tandem Bank focuses on environmentally friendly financial solutions, setting it apart from competitors.

The bank's community-driven approach involves users in product development, enhancing customer satisfaction.

Tandem's partnerships with Oplo and Allium strengthen its green lending initiatives.

Upsides

Increased demand for sustainable finance aligns with Tandem's green financial products.

Open banking in the UK enhances Tandem's ability to offer personalized services.

UK's net-zero emissions goal supports Tandem's green lending business model.

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