Senior Financial Crime Manager & DMLRO

Allica Bank

Allica Bank

Accounting & Finance
London, UK
Posted on Saturday, June 29, 2024

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers

Department Description

You will be part of a small Compliance team working directly with the Chief Compliance Officer & MLRO. You will be part of a core team responsible for successfully delivering second line of defence (2LoD) capability within the bank.

Purpose of Role

  • Support the development and implementation of the bank’s financial crime framework, with a particular focus on financial crime prevention including managing fraud risks, preventing bribery and corruption, reporting suspicions of money laundering, customer due diligence requirements, transaction monitoring and preventing market abuse.
  • Ensure that a commercially orientated service is delivered, whilst continuing to meet best practice, regulatory and statutory requirements.
  • Support the overall strategic direction of the business and make a significant contribution to the bank’s commercial success, whilst promoting the company’s values at all times.
  • Assist in the launch of Allica’s products and initiatives, ensuring that financial crime risks are assessed and mitigated, meeting all best practice, regulatory and statutory requirements.

Principle Accountabilities

  • Operate as a key Financial Crime Subject Matter Expert for the bank.
  • Act as Allica’s Deputy MLRO and, when required, cover absence of the MLRO
  • Assist in the delivery of the regulatory requirements regarding the development and launch of Allica’s products and initiatives, ensuring all aspects of regulation are suitably addressed and risk managed.
  • Work closely with the Product and Programme teams to ensure solutions meet these requirements.
  • Provide Financial Crime input to the development of new/upgrade of existing system, including assessing third party solutions where appropriate.
  • Horizon scanning & Subject Matter Expert knowledge on existing and emerging Anti-Money Laundering (AML), Fraud, Anti-Bribery and Corruption (ABC), Counter-Terrorism Finance (CTF), Payments and other relevant regulations and their impact on business’ products and expansion plans.
  • Support the continued development and implementation of the bank’s financial crime framework, leading the financial crime risk assessment programme as part of the firm’s overall Compliance Monitoring Programme.
  • Support the MLRO in the day-to-day activities of the bank’s AML and Financial Crime Management arrangements.
  • Work closely with key stakeholders providing advice, guidance and support regarding AML and Financial Crime matters, particularly on complex structures, transactions, client onboarding risks, as well as in identifying high risk customers, including Politically Exposed Persons (PEPs).
  • Lead the development of bank-wide policies and procedures for AML, CTF and other financial crime areas.
  • Support the bank’s internal and external compliance and regulatory reporting requirements relating to financial crime (including relevant reporting, e.g. MLRO Report).
  • Develop and delivering Anti-Money Laundering and financial crime management awareness programmes.
  • Investigate ‘red flags’, alerts and financial crime concerns effectively.
  • Manage, support and develop the Financial Crime team.


  • Support various executive committees and subcommittees as appropriate.
  • Pro-actively work with the Chief Compliance Officer/MLRO and the business in order to significantly and positively contribute towards the bank’s commercial success.
  • Influence the culture within the business, to deliver fair treatment of customers and good customer outcomes.


  • Strong knowledge, experience and capability across Financial Crime, ideally gained from a retail banking background (knowledge and experience of Asset Finance desirable).
  • Fraud management capability including knowledge of Cifas, AML Transaction Monitoring and Fraud alerts.
  • Strong skills/experience of recognized Financial Crime software/technology (e.g. Transaction Monitoring) in order to support the development, implementation and effective use of operational systems from a financial crime angle.
  • Able to interact and achieve results with a variety of colleagues / stakeholders across the bank.

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.


We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds, and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind.

  • Full onboarding support and continued development opportunities
  • Options for flexible working
  • Regular social activities
  • 25 days holiday
  • Pension contributions
  • Discretionary bonus scheme
  • Private health cover (with the option to add family members)
  • Life assurance
  • Income Protection
  • Family friendly policies including enhanced Maternity & Paternity leave