DESCRIPTION

Location: London / Hybrid Working
(Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Band: £38,500 - £55,000 Depending on Experience (Sheffield)
Please note that any same band moves will not pose any salary increase

This second line of defence (2LoD) role will manage the design, development and ongoing monitoring of the British Business Bank’s Fraud and Financial Crime Risk Management arrangements to ensure these are aligned with the Bank’s Risk Appetite and applicable legal and regulatory requirements.
You will provide independent and objective oversight and monitoring of the Bank’s suite of Fraud and Financial Crime Policies covering Anti-Money Laundering and Countering Terrorist Financing, Sanctions Compliance, Anti-Bribery & Corruption, Fraud Risk Management, Market Abuse and Tax evasion and manage the annual review and ongoing maintenance of the Bank’s Fraud and Financial Crime policies and standards ensuring they are aligned with business requirements and meet applicable legal and regulatory obligations.
You will also support the Director, Fraud and Financial Crime to fulfil the role Deputy Money Laundering Reporting Officer (DMLRO) for BBB Group, and as subject matter expert, work closely with the first line of defence, including Fraud & Financial Crime (F&FC) Operations and any agents of the Bank, to review AML due diligence escalations (e.g. Sanctions / PEPs and Adverse media) and where necessary make recommendations for the Bank’s MLRO/DMLRO to approve/decline in line with the Bank’s Financial Crime Policy and Risk Appetite
With a detailed operational knowledge and understanding of the UK regulatory and legal requirements regarding fraud and financial crime, you will also have experience in translating legislation or legal advice into clear business-focused procedures, guidance and training and in a fraud and/or financial crime management position within financial services or an FCA regulated firm, ideally across both 1/2LoD.
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