Location: Sheffield
Hours: Full-time
Reports to: CCO
Overview
The Compliance and Fraud Manager is responsible for safeguarding the credit union by ensuring full adherence to all regulatory requirements and by developing robust systems to prevent, detect, and respond to fraud. This role oversees compliance frameworks, supports regulatory reporting, and leads investigations into suspected fraudulent activity while promoting a culture of integrity across the organisation.
Key Responsibilities
* Maintain and enhance the credit union’s compliance framework, policies, and procedures in line with PRA/FCA regulations.
* Monitor regulatory changes, assess their impact, and ensure timely implementation of required updates.
* Lead the credit union’s anti-money laundering (AML) programme, acting as MLRO if appropriate.
* Conduct compliance monitoring, risk assessments, and arrange internal audits reporting findings to senior management and the board.
* Develop and manage fraud prevention strategies, controls, and staff training.
* Investigate suspected fraud cases, manage evidence, and liaise with law enforcement and relevant agencies when necessary.
* Oversee and prepare regulatory submissions, including any non-financial statutory returns and AML reports.
* Provide guidance and training to staff on compliance obligations, fraud awareness, and ethical conduct.
* Support the development of a strong risk culture and promote best practice across all operational areas.
Skills and Experience
* Proven experience in compliance, financial crime, or audit within financial services, ideally in a credit union or similar regulated environment.
* Strong knowledge of FCA and PRA regulatory requirements, including SYSC, CONC, and AML/CTF rules.
* Experience managing fraud risk frameworks and conducting investigations.
* Excellent analytical, problem solving, and decision making skills.
* Strong communication abilities and confidence working with senior leadership and regulators.
* High integrity and sound judgement with a proactive, detail focused working style.
Qualifications
* Relevant compliance or financial crime qualification or willingness to work toward obtaining these is desirable.
* Degree or equivalent experience in a related field is beneficial.
How to Apply
* Please email your CV to claire.tidy@transave.co.uk