Senior Consultant - Financial Crime

Company Description

Ocorian is a global leader in corporate and fiduciary services, fund administration and capital markets. Wherever our clients hold financial interests, or however they are structured, we provide compliant, tailored solutions that are individual to their needs.

We manage over 15,000 structures for 6000+ clients with a global footprint operating from 20+ locations, delivering administration and compliance services for funds, corporate, capital markets and private clients.

Introducing Bovill Newgate

Bovill Newgate is a specialist financial services regulatory consultancy with a global offering across the UK, the Channel Islands, Singapore, Hong Kong, Mauritius and the Americas. We help our clients meet complex and evolving regulatory obligations, providing certainty and peace of mind. We work with firms of every size across the financial services sector, supporting clients managing regulatory change and dealing with regulatory scrutiny. We provide advice on regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles.

What's in it for you?

• Competitive salary
• Hybrid working
• Flexible working hours
• Pension Scheme
• Private medical insurance
• Dental plan
• Life assurance
• Income protection & Critical illness

Job Description

Our worldwide clients are increasingly investigating the adoption of advanced technology and analytics to monitor and predict unlawful behaviour such as money laundering, sanctions breaches, fraud, and terrorist financing.

Through the utilisation of this technology, our clients can strengthen their financial crime prevention efforts and provide robust controls, repeatable processes, and enhanced transparency and governance needed to meet regulatory requirements and expectations.

At Bovill, the Fraud and Financial Crime team supports our clients on a range of topics including technology and data analytics. We leverage analytics to provide effective oversight of our clients' financial crime models, as well translating data into business intelligence to support stakeholders in the interpretation of policy, regulations and other matters. We help deliver complex information and insight in a way that is simple and easy to understand to help our clients deter, detect and disrupt financial crime.

This particular role is of critical importance for our clients and involves the analysis of vast quantities of data using cutting-edge technologies and advanced statistical techniques in order to discover insights for our clients. You will be looking for hidden patterns within the global payments of a bank accused of money laundering, searching for evidence of fraud and abuse within a company's finance system or helping track down rogue traders in their attempts to manipulate global financial markets. You may also be researching new tools and technologies and developing new propositions to take to our clients.

Client delivery

• Advise and support clients on a wide range of financial crime compliance matters. This may include:
  • Advising clients on UK financial crime regulatory. requirements, expectations and industry practices.
  • Be a key member of the team leading independent reviews of firms' systems and controls.
  • Draft, revise, and present client deliverables, including but not limited to reports; policies and procedures; presentations; and correspondence.
  • Lead client meetings, such as interviews and presentations, which often include senior stakeholders.
• Support our clients using advanced analytics to help them supplement the underlying financial crime systems, improve the quality of alerts, and increase efficiency in identifying suspicious activities.
• Understand our client's risk profile and business needs, understand what data is available, and determine what future-state needs could be met with the use of technology.
• Performing systems effectiveness testing and assess the basis upon which systems or models have been calibrated and/or provide advice on statistical validity.
• Leverage/analyse client data to identify risks, issues and patterns to support control enhancement.
• Advise clients on how to achieve effective oversight of analytic processes, including producing MI on monitoring in line with UK regulatory reporting requirements.
• Perform independent reviews of clients' systems and controls, and make appropriate recommendations on the business areas, systems and procedures being reviewed to address the root causes and add value to the business.
• Proactively maintain relationships and open communication with, and actively promote controls, models and analytics to our clients and their control functions and provide support where necessary to address regulatory requirements.
• Contribute to full customer impact assessments which are carried out when changes/developments are proposed.
• Help define business requirements and supporting vendor selection processes.
• Contribute to the growth and development of Bovill-Newgate's Fraud and Financial Crime practice by developing and deepening client relationships.

Relationship management

• Foster a professional relationship with clients and contacts, ensuring regular and open communication.
• Actively seek to increase Bovill-Newgate's client base by providing market insight and building meaningful, long-term client relationships.
• Participate in and where relevant, help to present at Bovill-Newgate and industry events and training sessions, such as client briefings on topical regulatory issues and roundtable events aimed at compliance professionals.

Regulatory knowledge

• Be a focal point for such matters within the firm and provide specialist insight into financial crime systems configuration, modelling, analysis and testing.
• Keep abreast of relevant regulatory developments and understand how client activities may be impacted.
• Be proactive in updating both colleagues and clients on relevant regulatory changes and industry news.
• Develop a thorough understanding of clients' businesses and requirements so you can provide relevant and accurate advice.
• Conduct research and assist colleagues with preparing templates and other technical material on topics of interest.

Qualifications Required

What you'll bring

• Educated to degree level in a STEM-related subject (Science/Technology/Engineering/Maths).
• Experience in one or more of the following competency areas:
  • Data analysis (for example using SQL/Python)
  • Data visualisation
  • Programming or scripting.

It would be nice to have

• Relevant professional qualification (financial crime or compliance-related), or willing to study towards.
• Knowledge and experience of systems configuration, data analytics, model validation as well as foundational understanding of broader systems and controls.
• Good understanding of global financial crime requirements and regulatory expectations.
• Financial crime compliance-related experience gained at a financial institution, legal practice, consultancy and/or the regulator.
• Experience translating regulatory rules and guidance into meaningful and pragmatic solutions for clients.
• Experience managing client relationships.
• Excellent report writing skills with the ability to construct well-founded, clear and concise observations and recommendations.

Additional Information

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful. These are:

• We are CLIENT CENTRIC - Clients are at the centre of our world, and we're committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS - We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE - We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE - With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL - We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.

Equal Opportunities for Everyone

Please let us know if there's anything we can do to make the process easier for you. You can reach us at [email protected] .

We're an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.