Allan Clare FICA, FCII, FCILA, CAMS, CFE, Dip.(Fin.Crime)
Allan is an accomplished leader specialising in financial crime risk and compliance within the financial services sector, particularly banking and insurance. He has held senior executive leadership roles in a range of systemically important institutions. During his career, Allan has acquired over 30 years of operational and strategic experience and expertise designing, building and leading financial crime compliance and risk functions.
In his last corporate role, Allan was a member of the Executive Committee at HSBC UK Bank Plc, HSBC’s ‘ring fenced bank’, formed to comply with the UK’s Banking Reform Act. Here he was the Head of Financial Crime Compliance & MLRO with Senior Manager & Certification Regime (SMF17) responsibility. During his tenure, Allan led the UK banks response to, and successful conclusion of, its 2012 US Deferred Prosecution Agreement and FCA Skilled Person S.166 review.
Allan is now an independent mentor and coach working with financial crime leaders (SMF17s & MLROs) in the financial services sector. He also advises Boards, CEO’s and C-Suite on financial crime risk and compliance related strategic planning as well as regulatory challenges.
In addition to his mentoring and coaching, Allan is a part-time Senior Advisor to the Board of Plenitude Consulting, a niche consultancy specialising in financial crime risk and compliance, a Board Director, Trustee and Chair of the Audit & Risk Committee at The Insurance Charities and a member of the ICA Experts Panel.