Head of Financial Crime

DescriptioneToro has created an intuitive Social Trading platform that gives traders and investors access to global stock markets, commodity trading, cryptocurrency trading, and more. We strive to make money management available and accessible to everyone (even to users with no prior experience or knowledge). We have over 33 million users worldwide, and our platform is available in over 140 countries around the world.With over 1500 employees worldwide, We have locations in the US, Cyprus, UK, Australia, Germany, and Israel, and we are constantly growing and expanding into new markets.We are constantly growing and are excited to share that we are looking for a Head of Financial Crime to join our team!What will you be doing?As the Head of Financial Crime, you will play a crucial role in safeguarding our company and customers against financial crimes and illicit activities. You will be responsible for developing and implementing effective strategies to combat fraud, money laundering, terrorist financing, and other financial crimes across all our operations in various regulatory environments.The role involves management and oversight of a team located globally, responsible for ensuring compliance with relevant laws and regulations.Responsibilities

• Financial crime prevention strategies. Set and develop comprehensive financial strategies, policies, and procedures that align with regulatory requirements, industry best practices and risk appetite.
• Regulatory compliance: Stay abreast of global financial crime regulations and ensure the company's practices remain fully compliant with applicable laws and regulations across different jurisdictions.
• Fraud. conduct fraud risk assessments, fraud strategy and policies, providing recommendations on how to address risks and opportunities without negatively impacting core metrics and the broader customer experience and employees
• Risk Assessment and Mitigation: Conduct periodic risk assessments to identify potential vulnerabilities and areas of improvement in our financial crime prevention framework. Take necessary steps to mitigate identified risks effectively including leading or participating in external audits.
• Investigations and Reporting: Oversee and manage the investigation of suspicious activities, including the filing of Suspicious Activity Reports (SARs) and other regulatory reporting as required.
• Collaboration: Work closely with cross-functional teams, including Legal, Compliance, Risk, Operations, and Technology, to ensure a unified approach to financial crime prevention.
• Team Management: Provide strong leadership to the financial crimes team, fostering a culture of excellence, collaboration, and professional development.
• Data Analytics: Leverage data analytics and technology tools to enhance fraud detection capabilities and optimize investigation processes.
• External Relationships: Build and maintain relationships with law enforcement agencies, regulatory bodies, and industry partners to stay informed about emerging threats and best practices.

• Education: Bachelor's degree in Law, Finance, Business, or a related field. Advanced certifications in financial crime prevention (e.g., CAMS, CFCS) is an advantage.
• Experience:A minimum of 7 years of proven experience in a financial crimes compliance role within the fintech or financial institution sector is required. Previous experience in managing anti-money laundering (AML) and fraud prevention programs is essential.
• Personality Skills: strong analytical and problem-solving skills, attention to detail, and the ability to make sound decisions under pressure. Excellent communication and interpersonal skills are essential for building effective relationships with stakeholders.
• Managerial Experience: managerial experience, with a track record of leading and motivating teams to achieve common goals.
• Regulatory Knowledge: In-depth knowledge of global financial crime regulations and guidelines (e.g., FATF, USA PATRIOT Act, EU AML Directives) is required.
• Technological Proficiency: Familiarity with financial crime prevention technologies, data analytics, and emerging industry trends.
• Ethics and Integrity: A strong commitment to upholding the highest ethical standards and promoting a culture of integrity and compliance within the organization.
• Fluent English