Team Description
The Financial Crime team (Regulation) forms part of the Firm's second line of defence and oversees all aspects of financial crime management, including Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Sanctions and Fraud for the bank
The team's primary responsibilities include:
* Establishing a robust framework to prevent, detect, investigate, and report financial crime risks.
* Ensuring comprehensive financial crime policies and procedures are maintained and embedded within the business, in line with legal and regulatory requirements.
* Supporting the business in implementing effective systems and controls to manage financial crime risks.
* Ensuring all relevant staff receive appropriate financial crime training.
* Providing financial crime-related management information to Senior Management, highlighting relevant risks as needed.
* Positioning the team as a trusted control function dedicated to protecting the Firm from financial crime risks.
Description of role and key responsibilities
To be part of a team that ensures the Financial Crime responsibilities comply with all relevant regulations. In particular to assist in:
Policy
* Develop, maintain and implement effective fraud risk management policies and standards covering internal and external fraud, APP fraud, cyber-enabled fraud, mule accounts, and identity theft.
* Ensure fraud-related regulatory and legislative developments (e.g., FCA expectations on fraud prevention, APP fraud guidance, UK Finance best practice) are identified and policies updated promptly.
* Benchmark fraud policies and frameworks against industry peers to ensure best practice alignment.
Risk Assessments
* Maintaining effective risk assessments of AML, CTF, ABC, Sanctions, Tax Evasion, and Fraud in conjunction with the business and Operational Risk to enable a risk-based approach to the management of Financial Crime risk within the firm
* Where appropriate attend relevant fora/committees to enable timely identification of potential risks to the Financial Crime system of controls.
* Maintain the Fraud Risk Assessment framework, ensuring all key fraud typologies and scenarios are considered across business lines, client lifecycle stages, and digital channels.
* Coordinate Risk and Control Self-Assessments (RCSAs) for fraud, ensuring risks are accurately identified, controls documented, and effectiveness tested.
* Partner with business units to embed ownership of fraud risks and controls within the first line of defence.
* Ensure assessment outputs are used to inform risk appetite, policy development, monitoring, and resource prioritisation.
* Present findings and control gaps to senior committees, recommending enhancements and tracking remediation actions.
Training
* Develop and deliver effective training programmes and content for Fraud, including the roll out of ace to face training to ensure staff have an adequate awareness of Financial Crime risks.
* Provide practical case studies and guidance to ensure staff can recognise and respond to fraud threats.
* Providing advice when required on Fraud related regulation and the firms related policies.
Projects
* Where appropriate, participate in or lead financial crime work streams/projects, including but not limited to AML, ABC, Sanctions and Fraud.
* Maintain a financial crime development roadmap to ensure processes and technology evolve in line with regulatory expectations, emerging risks and financial crime trends, including fraud detection, prevention, and response strategies.
General
* Build strong working relationships with other fraud and financial crime resources across the bank
* Encouraging a culture of openness, accountability, and fraud awareness across the business.
* Participation as part of the wider Financial Crime team to ensure that the whole team's objectives are achieved.