Head of AML Verifications & Payments

Betway Group

About the job

Reporting to: Head of Financial Crime & MLRO

Department: Compliance

The Department:

The Compliance department is responsible for identifying the risks that we face and provide advice on them. We design and implement controls to protect the business from those risks and monitor and report on the effectiveness of the controls in the management of our exposure to risks. We resolve compliance difficulties as they occur and advise the business on licensing regulations, rules and controls where necessary.

Customer welfare is forever at the forefront of our strategy at Betway. We want to ensure all of our customers enjoy our products in a safe and responsible gambling environment.

Purpose of the role:

The Head of AML Verifications and Payments is a key member of the AML leadership team and will manage the verifications (including electronic and manual verification, customer due diligence and third-party due diligence), watchlist screening and payments areas within the Betway AML team. The role has responsibility for providing relevant, accurate and timely advice to the business as well as other key stakeholders. The role holder will communicate at all levels internally and as required, externally with regulators, third party vendors and other stakeholders wherever the business operates ensuring that statutory and regulatory requirements are met. The role is responsible for all aspects of customer and third-party risk rating and maintenance of the country risk methodology, in line with business appetite and jurisdictional requirements. The role holder will lead on the oversight and assessment of payment methods, including risk rating and initial and ongoing due diligence.

You will be responsible for:

  • Managing and leading a team of AML Analysts and Managers
  • Maintaining and overseeing the end-to-end watchlist screening (PEPs, Sanctions and Adverse Media) lifecycle, ensuring system effectiveness and delivery of a robust alert screening process
  • Leading the delivery of the technology roadmap as it relates to verifications and risk assessments (customer and third-party)
  • Oversight of the AML Programme regarding Verifications (electronic and manual), from systems and controls to policies and procedures
  • Oversight of the AML Programme regarding Banking and Payments, from systems and controls to policies and procedures
  • Deputising for the Head of Financial Crime when necessary
  • Supporting delivery of the company-wide AML/CTF Risk Assessment
  • Development and maintenance of Customer Risk Rating solution for AML/CTF purposes
  • Planning for new legislation and supporting business expansion into new markets
  • Delivering accurate and effective management information on system and control performance, making recommendations for improvement where necessary
  • Vendor relationship management in relation to system reviews, reporting, contracts and budgeting
  • Actioning of remediation exercises post carried-out internal and external audits
  • Planning, execution and communication of specific Financial Crime-related projects

This job description is not intended to be an exhaustive list of responsibilities. The job holder may be required to complete any other reasonable duties in order to achieve business objectives.

You will have (Essential skills):

  • Experience in gambling, payments or financial services industry practices and professional standards
  • Proven track record of leading Customer Due Diligence Programmes
  • Ability to recommend and lead change to and on behalf of senior management
  • Strong knowledge and experience of the AML and Sanctions regulatory requirements covering UK, EU and North America
  • Exceptional organisation and prioritisation skills with proven ability to create strategic plans
  • Excellent communicator, both written and verbal including experience with external vendors and regulators
  • Experienced leader, including acting as a role model and mentoring colleagues
  • Exceptional attention to detail and accuracy
  • All behavioural competencies are also essential

It would be a bonus if you also had (Desirable skills):

  • Professional qualifications such as the ICA Diploma in AML or equivalent (e.g. ACAMS)
  • Project management and business process improvement experience
  • Experience of the intelligence cycle or of investigating financial crime
  • A second European language ideally German, Spanish or Italian

Behavioural Competencies:

Our culture is underpinned by core values that are linked to key behavioural competencies. Along with the below behavioural competencies, these are essential for all employees in order for you to embed in and drive our culture forward. These competencies are Adaptability, Ownership & Accountability, Initiating Action, Resilience, Customer Orientation, Integrity and Innovation

  • Professional and can-do attitude
  • Gravitas to present to and influence senior internal and external stakeholders
  • Process driven
  • Approachable manner
  • Resilient and assertive
  • Excellent attention to detail & accuracy
  • Ability to think out of the box, and able to find innovative solutions to problems
  • Proven ability to use and apply critical thinking and make sound decisions about customer and business risk
  • Ability to effectively and consistently complete a high volume of tasks to the highest standards
  • Ability to prioritise multiple tasks and bring tasks to completion within established timeframes

Our Perks:

  • Flexible working
  • Discretionary bonus
  • Competitive package
  • Great social and charity events
  • Health and well being weeks
  • Free fruit and a heavily discounted Barista
  • Tickets to events via sponsorships etc
  • Season Ticket Loan

Win Technologies (UK) Limited provides support services to Betway and is a proud member of the Betway Group

To apply for this job please visit job-plus.co.

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