Financial Crimes Risk Manager: U.S. Bank Europe (USBE) DAC - UK Branch

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive. Try new things, learn new skills and discover what you excel at—all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

The purpose of this role is to join and support experienced financial crime colleagues in US Bank. This person will be a risk manager assessing the potential financial crime exposures that could impact our UK customers, supporting our business to enhance their controls accordingly. Our UK branch provides both payment and wealth products to a variety of companies and legal entities. This person will be at the forefront of supporting our business units operating in the UK to ensure that they remain compliant with financial crime requirements and future regulatory expectations. This is a fast paced team of professionals and we look forward to working with you.

Key accountabilities:

• Supporting compliance within the UK Branch with local laws and regulations in force concerning anti-money laundering, terrorist financing and economic sanctions in accordance with enterprise policies and USBE DAC’s AML/CTF policies and guidelines, ensuring business lines have effective procedures in place to meet regulatory and policy requirements

• Monitoring with the UK MLRO the legal and regulatory framework with regard to anti-money laundering, terrorist financing and economic sanctions through participation in USBE’s regulatory change management program and oversee implementation of changes as required

• Assisting in the management of the suspicious activity reporting (“SAR”) process, working with our centralised EFCC Investigation team

• Supporting and coordinating management focus on the money laundering risk in individual business areas and provide subject matter expertise to the business on AML/CTF and economic sanction matters

• Supporting the second line of defence testing program, conducting reviews where required

• Supporting the development of the UK Branch’s policies and procedures for countering the risk that the firm might be used to further financial crime.

• Review high risk customers escalations as required;

• Assist management to develop and maintain an effective anti-money laundering and counter-terrorist financing compliance culture;

• Help to ensure that all staff are aware of their personal obligations and the Company’s policies and procedures and that the basis for the Bank’s risk-based approach is understood and applied;

• Support UK Branch staff to ensure that they are adequately trained in AML and terrorist financing prevention;

• Promptly escalate AML/CTF and economic sanctions matters and issues to USBE’s UK SMF17 and UK Branch Manager;

• Assist in preparation of the yearly update for USBE’s MLRO and Branch Manager on compliance with the AML and terrorist financing policies and procedures;

• Make any recommendations for action to remedy any deficiencies in policies, procedures, systems or controls and following up on those recommendations;

• Contribute to regulatory, audit or other on-site examinations, including preparation, on-site support and follow up activity.

• Promptly respond to any reasonable request for information from internal and external stakeholders;

• Support the coordination with USBE DAC and U.S. Bank in order to ensure the alignment of internal policies of the branch;

• Provide second line support to the wider EFCC Europe team as required. 

Skills & experience required:

• Expert knowledge of UK and EU regulatory requirements, industry guidance and best practices including but not limited to: UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, Proceeds of Crime Act (“POCA”) and Joint Money Laundering Group Steering Group (“JMLSG”) Guidance Notes; U.S. FFIEC Examination Manual relative to AML, KYC, CIP, etc., USA PATRIOT Act, FinCEN guidance, FATF recommendations.

• Proactive and business focused

• Proven experience of interaction with regulators and auditors

• Understanding of products and services and how they may be exploited for criminal purposes, including but not limited to money laundering and terrorist financing activities

• Ability to work on a variety of complex issues within a time-sensitive environment and drive results by promoting a strong culture of compliance

• Ability to develop close working relationships with stakeholders

• Excellent oral, written, presentation, and inter-personal skills

• Ability to understand, communicate and explain complex financial crime issues to a range of audiences

• Confidence to challenge and influence senior management within the business lines

• Analytical and problem-solving skills with a pragmatic solutions focus

• Flexible to change, time management skills and the ability to prioritize and work effectively to tight deadlines with minimal supervision

Additional information

• The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

• This role is a 12‑month fixed‑term contract.

 

This position is not eligible for visa sponsorship.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.