Join to apply for the Economic Crime Risk Manager role at Virgin Money
Fixed term (circa up to 12-18 months)
Live to inspire change. Live a life more Virgin.
This is an exciting time to join Economic Crime Risk, a second line of defence (2LOD) function. Our Governance & Insights team is looking for an Economic Crime Risk Manager to support us in our contribution to the Virgin Money purpose: to protect customers and stop bad people doing bad things through our firm. The Governance and Insights team leads the delivery of key areas of 2LOD Economic Crime (EC) Risk, including monthly reporting and governance, insightful analysis, the Business Wide Risk Assessment (BWRA), risks and controls oversight, change oversight, regulatory engagement and reporting, and the many BAU aspects of running a team.
What you’ll be doing
* Risk Management Practices: Ensuring risk management practices are well understood, communicated, and embedded across the Bank by liaising with the first and second line of defence (1LOD & 2LOD) on the timely identification and management of emerging risks and issues.
* Risk Assessment Management: You’ll be working with the Group Sanctions Officer to deliver the Sanctions and Proliferation Financing Risk Assessment, providing project management oversight and ensuring the risk assessment is conducted in accordance with the Methodology, as well as providing final outcomes and creating reports.
* Support and Guidance: Leading the support, guidance, and constructive challenge to manage risk effectively, driving a robust control environment and providing a central point of contact for Economic Crime Risk Management interactions with colleagues in other areas of the Bank.
* Reporting: Coordinating and drafting inputs for standing EC committees and forums with the audience including the Money Laundering Reporting Officer and Senior Managers with responsibilities in fraud and financial crime.
* Providing Insights: Proactive insight and analysis on EC Risk Profile resulting from change and mitigation plans across to reduce the risk exposure. Manage and report progress of actions flowing from governance forums related to your area/roles/responsibilities. Escalate any control failures, risks, issues through formal governance.
* Stakeholder Engagement: Working with key stakeholders in both 1LOD and 2LOD in ensuring policies, procedures, and practices fully compliant with all legal and relevant regulatory requirements and codes of practice/conduct are adhered to. Building relationships with the 1LOD fraud and financial crime hubs, creating a culture of continuous improvement, control, flexibility and effectiveness.
* Regulatory Engagement: Lead the communications on behalf of the MLRO supporting the quarterly proactive engagement and ad hoc requests for information (RFI).
We need you to have
* Proven practical experience of working within a risk and control environment.
* A strong understanding of Risk Management Frameworks and Business/Enterprise-Wide Risk Assessments.
* The ability to build strong and effective relationships and communicate confidently with senior stakeholders.
* Previous experience of leading others across organisational boundaries.
* Proficiency in analysing and understanding risks and to be able to challenge and advise.
* Experience of report writing and presenting outcomes to wide and varied audiences.
It’s a bonus if you have but not essential
* Financial Services industry experience.
* A qualification in Economic Crime from a relevant institution e.g. ICA Diploma in AML or Fin Crime Prevention, ACAMS qualification, Accredited Counter Fraud Specialist, or similar.
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.
Applications Close: 26 Mar 2025 (4pm GMT)
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Management
* Industries
* Financial Services and Banking
#J-18808-Ljbffr