Deputy Head of Financial Crime - Transactions

TN United Kingdom; London; Hybrid; GBP 50,000 - 90,000; Full time

Job description

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Deputy Head of Financial Crime - Transactions, London

Client:

Investec

Location:

London, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

a2662a776ba0

Job Views:

4

Posted:

18.04.2025

Expiry Date:

02.06.2025

Job Description:

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Team Description:

Investec's Financial Crime Transactions' team forms part of the wider Financial Crime team that services Investec IBP. The team is primarily responsible for the development of typologies, analysis of transactional data and technological development to protect IBP from being used by criminals to facilitate financial crime.

What would be your key responsibilities?

To build and maintain an effective Financial Crime Transactions' function for Investec IBP, in particular to:

• Development and maintain an effective and efficient Financial Crime transaction monitoring framework.
• Development and maintain an effective payment screening framework.
• Develop typologies/models to proactively prevent and detect financial crime.

Management Information and Data:

• Understanding and analyse data sources within Investec and how these can be utilised in the prevention and detection of Financial Crime.
• Maintain and develop analytical capabilities to enable timely monitoring of or detection of Financial Crime patterns and trends.
• Maintain and develop Financial Crime management information to enable the monitoring of key performance indicators (KPIs).
• Participate in the development of KPIs to monitor the effectiveness of the Financial Crime prevention and detection framework.
• Keep informed on new / changes in technologies and intelligence initiatives (AI) both within and external to Investec and assess how these could enhance the Financial Crime systems and controls, making recommendations where appropriate.
• Input to the Financial Crime road map maintained by Financial Crime Regulation's team.
• Work with Technology and Operations with regards to implementing new technologies that can enhance the Financial Crime framework.

General:

• Develop, where relevant, a working relationship with other financial crime resources across the Investec group with a view to developing a cohesive approach to Financial Crime related technologies.
• Ad hoc involvement and contribution into Financial Crime work streams / projects within the Group.
• Facilitate team meetings and encourage an environment of open and honest feedback.
• Complete annual performance development reviews for all direct reports.
• Recruit, develop, train and manage the team, ensuring that the right team with the right skills and expertise are in place.
• Participate as part of the Financial Crime senior management team to ensure that the whole team's objectives are achieved.

What are we looking for in you?

• Practical AML/CTF, ABC, Fraud and Sanctions experience with a UK regulated Financial Institution.
• Good understanding of financial crime related typologies relating to both retail and corporate clients.
• Knowledge of financial crime transaction monitoring and screening systems.
• Ability to communicate at all levels and with a variety of stakeholders.
• Relevant industry qualifications (such as the ICA Diploma level within Financial Crime).
• To act with integrity at all times and embrace the philosophy of treating our customers fairly.
• Coaching & Assessment.
• Strong work ethic and able to work on own initiative.
• Regulatory knowledge that currently apply: Bribery Act, FCA Handbook, UK Money Laundering Regulation, Criminal Justice Act, Terrorist Acts, Proceeds of Crime Act (POCA), Joint Money Laundering Steering Group Guidance Notes.

Any other attributes that would be helpful, but not essential for the role:

• Ability to multi task and prioritise.
• The candidate must be prepared to travel overseas when required.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

• Wellbeing Subsidy
• Corporate Gym Membership
• Virtual GP
• Peppy Health App (Fertility, Menopause and Early Parenthood)
• Optional Private Medical & Dental Insurance

Monetary:

• Non-contributory Pension
• Discretionary Bonus

Life & Income Protection:

• Life Assurance
• Critical Illness
• Income Protection

Travel:

• Season Ticket Loan
• Electric Vehicle Scheme

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.