Financial Crime Technical Specialist

Financial Crime 2LOD Technical Specialist

This second line of defence role is established to support the design and implementation of the anti-Financial Crime framework, and to provide Group-wide oversight and challenge of Financial Crime risks, providing expert knowledge and guidance to business units and group functions on all elements of Financial Crime risk.

You will take responsibility for Financial Crime issues, investigating Financial Crime Risk Events, identifying fraud trends and typologies, conducting detailed root-cause analysis, and the production of Management Information. Providing recommendations to the Financial Crime Manager for the implementation of controls and optimisation of rule sets to mitigate identified risks, in line with the FC Risk Appetite.
Responsibilities;

• Identify and analyse new Financial Crime legislation and regulations (JMLSG, FCA. POCA, Financial Sanctions etc), making recommendations to the business in conjunction with the Financial Crime Manager for implementation within the relevant deadline.
• Support the oversight and monitoring of relevant business area’s adherence to the Financial Crime risk framework via assurance reviews, including all requirements within each of the supporting policies and processes, ensuring their robust application across the Group, and reporting on exceptions.
• Provide a knowledgeable and comprehensive advisory service to the MLRO, H/O FC, Financial Crime Manager, and Business Areas when assessing, reviewing, and making recommendations.
• The investigation of Financial Crime Risk Events, conducting root-cause analysis to establish the breakdown in controls, and identify underlying FC Trends and Typologies. Providing feed back to the business for continuous improvement, minimizing the financial impact to the business, and recommendations for the implementation of controls to mitigate the risks identified.
• To maintain the FC Risk Appetite, ensuring it is regularly updated to reflect the current Financial Crime risks identified, providing recommendations for change to the Financial Crime Manager.
• To support analysis of the performance of AML/Fraud/ABC Prevention systems, ensuring the optimisation of all FC systems’ rule sets in line with the FC risk appetite, so that Financial Crime is identified and prevented at the point of application and ongoing, whilst false positive matches are minimized.
• To support the production of accurate Management Information in relation to Financial Crime to ensure that reporting requirements are met for providing KPIs, KRIs, RAF Metrics, and general MI to FSR, Regulators, Industry bodies, Committees, and individual departments across the business.
• Extracting and analysing data using SQL, SAS and python to identify trends, key Financial Crime indicators, and drive Financial Crime strategy.
• Where deemed appropriate, conduct investigations into complex cases of internal fraud/money laundering or external fraud/money laundering. Investigate complex high risk customers or complex company structures, in order to support the 1st Line FC team.
• Maintain an up-to-date knowledge of regulatory and legislative information related to Group products and services (e.g. Credit Consumer Act, Proceeds of Criminal Act etc. Money Laundering, FCA, JMLSG etc.), as advised by line management.
  

What do we expect from you?

• Fraud, AML/CTF, and Sanctions investigation and oversight experience in a multi-product business.
• Knowledge of Fraud, AML/CTF, Sanctions, ABC risks and the controls required to mitigate the risks.
• Strong organisational skills, ability to work independently, and self-motivated with good attention to detail.
• Commercial awareness of one or more of the businesses within the Group and good judgement and decision-making skills.
• Strong written and oral communication skills, including experience preparing and presenting training material.
• Strong system knowledge and ability to test functionality from an FC perspective.
• Strong negotiating and influencing skills.
• Good technical knowledge of FCA handbook, ML Regulations, JMLSG, and other regulatory matters.
• The ability to develop a strong working knowledge of the systems, policies, procedures of the Group.
• Knowledge of industry fraud prevention systems including Hunter/SIRA/CIFAS and Biometric Verification.
• Ability to priorities workloads in a fast paced and demanding environment.
• Analytical, with an aptitude for problem solving.