Economic Crime Risk and Control Senior Analyst
Virgin Money
EDINBURGH, SCT, United Kingdom
Business Unit: COO Financial Crime Salary Range: £32,800 - £41,000 per annum DOE + red-hot benefits Location : UK Remote Contract Type: Permanent
Our Team
Join Our Growing Economic Crime Team!
It's an exciting time for us as we grow our Economic Crime team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control.
In this new role, you ll be responsible the integration of the VM risk optimisation in the first line of defence helping the bank to effectively manage financial crime risk and protect its customers. You ll provide oversight and report on the Economic Crime (EC) taxonomy framework to determine residual risk and control status at each level. This includes risk and control profile reporting, issues/actions management and reporting through governance.
You ll have experience of Financial Crime as you positively challenge stakeholders in Economic Crime including Operations Service Delivery Management, Risk Operations and Fraud and Financial Crime (FC) Analytics to ensure reporting adds value and accurately presents risks.
What you ll be doing
Ensure effective Economic Crime risk profile reporting
Provide oversight and reporting of the EC risk taxonomy
Manage internal information requests from stakeholders including the business and the second line of defence
Supporting VMUK key process owners to ensure the EC controls [and the degree of effectiveness] are understood and integrated into broader processes,
Escalate any control failures, risks, issues and events through formal governance
Coordinate and draft inputs for standing EC and business risk committees and forums with the audience including the Money Laundering Reporting Officer and Senior Managers with responsibilities in Fraud and Financial Crime
Manage and report progress of actions flowing from governance forums related to your area/roles/responsibilities
We need you to have
Strong Economic Crime Risk knowledge, specifically relating to Money Laundering, Sanctions, Bribery & Corruption, Facilitation of Tax Evasion, and Fraud.
Confidence to raise difficult issues with stakeholders as a result of gaps and issues identified.
Experience in Control Identification, Design and Testing within Economic Crime or Fraud.
Knowledge and experience of managing RACI inventories.
Proficiency in MS Office, particularly in Excel and PowerPoint.
Confident in presenting to large audiences.
Critical thinker with proven ability to solve problems.
It s a bonus if you have but not essential
Knowledge of wider financial crime and fraud risks, threats and UK bank landscape
An understanding of EC Risk and control frameworks
Solid Knowledge of risk management including risk terminology and methodology
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.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? 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're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, Making You Happier About Money. Our customer centric culture means that we're able to do banking differently and by innovating and working together we can 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 careers@virginmoney.com
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.