Salary: £38,000 – £45,000 + benefits
Our client is a specialist lending and retail savings group, with segments including Residential and Buy-to-Let/SME Mortgages. They are currently seeking an experienced AML/Fraud professional with a background in FCA regulated financial crime environments, to join the team in their Kent offices.
The purpose of this role is:
To develop, enhance and maintain the firms existing fraud risk based systems and controls as part of the wider management of financial crime risk within the Group.
To ensure that all fraud related systems and controls are reflective of the policies established by the Group Head of Compliance and the MLRO, and proportionate in both definition and deployment to the Groups risk appetite and take into account the different risk profiles of individual subsidiaries, third parties and their respective geographic locations.
To assist the MLRO and Deputy MLRO (who is also the Group Fraud Officer) in implementing the Groups financial crime risk management arrangements and in particular to deliver the compliance departments fraud management obligations and fraud management policies and procedures to appropriate standards.
- Maintaining and actioning appropriate fraud and other financial crime risk assessments as appropriate
- Conducting checks on potential higher risk accounts identified, and in support of commercial opportunities identified by the Group
- Second line oversight of tools and systems that assist the Group and its subsidiaries to detect fraud
- Analysing and advising on exception reports that supplement internal reporting and on reports made to the National Crime Agency
- Developing appropriate arrangements for the identification of Fraud Risk management and the associated systems and controls
- Assisting in the preparation of management reports including, a fraud risk dashboard, periodic fraud management and the annual MLRO Report to the Board
- Maintain the company’s compliance standards and own compliance training
- Assisting the Fraud Officer in the regular refresh of the fraud risk management framework suite of documents
Person / Experience Required
- 36 months previous experience undertaking a fraud or financial crime related role within a FCA regulated business is essential
- 12 months previous experience undertaking a fraud or financial crime related role within a lending orientated organisation is essential
- 24 months previous experience undertaking fraud or financial crime related risk assessments is essential
- 12m previous experience of working with a fraud risk management tool such as Hunter, SIRI or CiFAS is essential
- 12m previous experience of Suspicious Activity Reporting to the National Crime Agency is desirable
- Previous experience of responding to Law Enforcement requests is desirable
Robust understanding of the requirements and practical implications of Money Laundering Regulations, The Fraud Act 2006, The Financial Services and Markets Act 2000, The FCA Handbook (specifically SYSC 7 Risk Control, the Disclosure and Transparency Rules, DTR), Bribery Act 2010, Proceeds of Crime Act, JMLSG Guidance and financial sanctions regimes are essential
Detailed knowledge of the fraud risks inherent in retain savings and consumer finance is essential
Basic knowledge of the fraud risks inherent in the provision of wholesale funding lines is desirable
Intermediate knowledge of Microsoft Word, Excel and PowerPoint is essential
GCSE or O-Level qualifications in both Maths and English are essential
Recognised qualification in relation to compliance or financial crime risk management or fraud risk management is essential