Economic Crime Risk Manager

Business Unit: Group Risk, Risk Operations
Salary range: circa up to £70,000 DOE + red-hot benefits
Location: Remote, UK Flexible
Contract Type: Permanent

Give your career some Virgin va-va-voom

Our Team

Economic Crime provide oversight and challenge of first line business areas; manage and deliver the Financial Crime Oversight Plan, Fraud Risk setting and overseeing policy compliance and the effectiveness of the control environment, alongside, setting and monitoring fraud losses.

In the Change and Insights team, we specifically manage group-wide Financial Crime Risk Reporting, to provide oversight and assurance of issues closure.

You’ll be responsible for delivering the Economic Crime Business Wide Risk Assessment (BWRA) ensuring that all financial crime and fraud risks are fully understood and mitigated with suitable controls across the enterprise. You’ll agree actions, areas of improvement, tracking to completion and ensuring key stakeholder engagement across VM.

What you’ll be doing

• Supporting key stakeholders throughout the business to manage bank-wide change whilst mitigating financial crime risks effectively and within risk appetite
• Supporting the EC Change, Governance & Insights Lead Manager in future planning activities
• Providing subject matter expertise advice and guidance and proactively engage in Change and Governance activities
• Leading, planning and coordinating the annual Business Wide Risk Assessment across VM Group
• Defining and agreeing the methodology to be used in rating the risk assessments for VM Group, including scoring and consideration of existing processes
• Being the primary point of contact for EC BWRA activity, by providing clear guidance and comms, whereby Financial Crime input and risk assessment is required
• Analysing outputs of the assessment to shape into an annual BWRA report
• Seeking out opportunities to enhance existing Financial Crime systems and controls through change initiatives, BWRA and BAU activity, as well as providing financial crime insight or robust challenge
• Oversight and challenge of the BWRA action plan ensuring reporting and escalation through key governance forum
• Production of management information and insight in relation to change initiatives, providing the financial crime impacts and any risks for acceptance
• Translating financial crime risks and policy requirements in a clear and simple manner ensuring requirements are understood and implemented.

We need you to have

• Previous experience of delivering BWRA
• Previously worked in the financial services sector in a Financial Crime role
• Sound knowledge and understanding of the Financial Crime legal and regulatory framework and the ability to interpret the impact of industry and regulatory changes
• Proven track record of engaging with, and influencing, Senior Management and Business stakeholders.

It’s a bonus if you have but not essential

• Professional and/or financial services qualification e.g. Chartered Banker or Diploma/Advanced Certificate in AML or equivalent financial crime prevention qualification
• Understanding of the bank’s core systems
• In depth knowledge of the Bank’s Financial Crime policy & procedures.

Red Hot Rewards

• Generous holidays – 38.5 days annual leave (including bank holidays and prorated if Part–Time) plus the option to buy more
• Up to five extra paid well-being days per year
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market-leading pension
• Free private medical cover, income protection and life assurance
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)

And there’s no waiting around, you’ll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We’re all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with.  We’re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people’s lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money’, underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.

As a Disability Confident Leader, we’re committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we’ll need you to confirm you have the right to work in the UK.

If you’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we’ll ask for six years of regulatory references, and once in the role, you’ll be subject to periodic employment checks.