Technical Specialist Economic Crime Risk

Business Unit:  Economic Crime Risk
Salary range: £38,400 - £48,000 DOE + red-hot benefits!
Location:  Remote, UK Flexible - with very occasional travel to a hub (circa once per year to visit Ops team in Gosforth)
Contract type:  Permanent

Be a change maker with more cha-ching. Live a life more Virgin.

Our Team

This is an exciting time to join Economic Crime Risk, a second line of defence function responsible for defining and ensuring the application of Policy, Frameworks, Guidance, Risk Appetite and Oversight across a range of risks facing VMUK.

As Technical Specialist, you will report directly to the Nominated Officer, supporting them in meeting the banks obligations under the Proceeds of Crime Act. You'll be the point of contact for the bank providing advice and guidance on Transaction Monitoring, Suspicious Activity Reports, related policies & standards, and training.

What you'll be doing

• Lead on compliance oversight of internal and external Suspicious Activity Reports, ensuring best practice is being met.
• Analyse and interpret data to identify trends and patterns, producing reports for key stakeholders, both internally and externally.
• Identify opportunities to develop solutions, with a particular focus on digital and technical, to improve controls across the bank, to minimise the risk of noncompliance.
• Decision making concerning disclosure of suspicious activity to the National Crime Agency.
• Provide financial crime subject matter expert support to the Nominated Officer on transaction monitoring, risk assessments and individual case management.
• Deputise for the Nominated Officer at relevant internal and external stakeholder meetings.
• Support the development of strong working relationships with external stakeholders both public and private.
• Horizon scanning to identify new threats & typologies and opportunities to mitigate economic crime risks.  

We need you to have

• Significant experience working in a financial crime role or similar experience.
• The ability to utilise various tools to analyse data and present findings
• Excellent understanding of the bank's regulatory obligations under the Proceeds of Crime Act.
• Brilliant analytical and critical thinking skills, with the ability to use initiative to solve problems independently.
• A working understanding of economic crime risks and threat landscape
• Comfortable making decisions and presenting findings to stakeholders at all levels. 
• Track record of building effective relationships with internal and external stakeholders.  

It's a bonus if you have but not essential

• A relevant recognised professional qualification in financial crime (ICA or equivalent experience)
• Have a proven track record in economic crime risk management or law enforcement
• Good understanding of our products, services and/or customers.

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.