Financial Crime Analyst

West Brom; West Bromwich; Hybrid; GBP 25,000 - 30,000; Full time

Job summary

A regional financial institution is seeking a Financial Crime Analyst to join its Risk Division. The role involves investigating suspicious transactions, preparing reports, and supporting financial crime risk management. Ideal candidates will possess strong communication skills and relevant financial crime experience. The position offers hybrid working and opportunities for professional development.

Benefits

Competitive salary

Holiday flexibility

Paid volunteering days

Enhanced maternity and paternity leave

Life assurance

Performance-related pay

Private medical insurance

Electric / Hybrid Car Scheme

Perkbox account

Qualifications

• Must have strong communication skills, both oral and written.
• Experience in financial crime related work is essential.
• Willingness to work towards a relevant qualification is desirable.

Responsibilities

• Investigate suspicious transactions and activity alerts.
• Prepare financial crime reports and maintain clear records.
• Provide guidance on Financial Crime related issues.

Skills

Strong communication skills

Ability to interpret laws and regulations

Current experience in financial crime

Previous experience with database mining techniques

Mortgage Fraud experience

Education

Relevant qualification (if not already held)

Tools

Fraud Detection systems (e.g., SIRA, CIFAS)

CRM platforms

Job description

Financial Crime Analyst

Salary: c. £30,000 per annum

Hours: 35 hours per week

Contract: Permanent

Location: Hybrid (Office: West Bromwich)

Here at the West Bromwich Building Society we are all about making a you-shaped career. We understand it’s not always easy juggling your career with all the important things outside of work. But with the right opportunities and support we can help you build a career that works for you.

If you have a passion for wanting to protect our customers and society, then we have an exciting opportunity for you to join us as a Financial Crime Analyst. You will sit in the Risk Division, in our Second Line of Defence (2LoD) and will carry out analysis and investigation relating to Financial Crime. These will include reviewing alerts, both Investment (Savings) and Mortgages, produced by the Transaction and Fraud Monitoring systems.

The role holder is also charged with contributing to the effective and ongoing implementation of the Society-wide financial crime risk management framework. The role will also include investigating referrals made to the Financial Crime Team by colleagues as well as dealing with Law Enforcement Agencies and Government Departments; both in terms of submitting Suspicious Activity Reports as well as responding to Subject Access Requests.

What the role will look like

• Maintain a working knowledge of regulations relating to Financial Crime, and to be able to analyse and understand those regulations as well as internal policies and procedures.
• Investigate suspicious transactions, suspicious activity alerts and referrals, and analyse the information to determine if there is any potentially criminal activity.
• Ensure that any third party Subject Access Requests (e.g. Production Orders) and suspicious persons or transaction reports are completed within the agreed timescales and to a high standard.
• Prepare financial crime reports as required. Maintain and file, clear and concise records.
• Provide a point of contact for Financial Crime related issues and give advice and guidance to colleagues as and when required.
• Carry out QA on 1st line processes relevant to financial crime.
• Identify areas of weakness in current procedures and make recommendations for improvements.
• Assist and liaise with other financial institutions, the Police and other Law Enforcement Agencies on investigations on various matters. These could include the exchange of information as well as making statements on behalf of the Society that could be used in court.

What you will bring to the role

• Confident and professional individual, highly motivated and be able to work in a team or under own initiative.
• Ability to interpret laws, regulations and policy provisions are desirable.
• Current experience of working in financial crime related work is essential, ideally with previous experience within a financial institution or professional services firm.
• Strong communication skills are essential for this role as the role holder will need to communicate clearly and concisely both orally and in writing for an area that is technical and complex.
• A willingness to work towards a relevant qualification (if not already held).
• Previous experience of database mining techniques, and Fraud Detection systems such as SIRA, CIFAS, core banking systems and CRM platforms would be desirable.
• Mortgage Fraud and On-line transactional fraud experience would be a distinct advantage.

What's in it for you

• We pride ourselves on our development opportunities and always look to promote from within wherever possible.
• Holiday starting at 175 hours (25 days) plus bank holidays that grow with your time with us and the opportunity to buy or sell up to 5 days holiday each year.
• 2 paid volunteering days a year.
• Living Pensions: Pension scheme starting at 5% contribution from you and 7% contribution from us, and we’ll match your further contributions up to 10.6%.
• Enhanced maternity, paternity and adoption leave with paid fertility treatment, neonatal and pregnancy loss leave.
• Life assurance provided by the Society at 4 times your salary.
• Yearly performance related pay scheme and pay review.
• Private medical insurance that’s discounted when your time with us grows, with the option to include family members.
• Salary Sacrifice Electric / Hybrid Car Scheme.
• A Perkbox account giving you 24 / 7 access to perks, benefits, discounts, wellbeing tools and loads more!
• And much more, from flexible working options, wellbeing support and a whole heap of warm West Bromness.

We Value a diverse range of skills and experiences here at the West Brom. So even if you don't meet every single requirement listed in the job description but are passionate about the role, we still encourage you to apply.

Why choose the West Brom?

At the West Brom we appreciate that our employees are unique individuals with differing needs depending on their specific circumstances and stages in life. When we say our people are the West Brom’s biggest asset that doesn’t mean just viewing them as employees. We’re proud of our heritage and absolutely believe that the West Brom is a great place to work. Our employers are the heart of bringing our new vision to life- where our customers and communities own a more secure future. Everyday, through the work they do together and the care they show, they’re helping turn that vision into real and lasting.

We’re a Disability Confident Leader and encourage disabled applicants and all from diverse backgrounds to apply. We’ll do what we can to adjust our recruitment journey and offer a guaranteed interview to disabled applicants who meet what we’re looking for. If you need any support with applying to one of our roles, get in touch at [e-mail].

Do it today and click apply!

Please note We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible.

Head Office: 2 Providence Place West Bromwich B70 8AF. www.westbrom.co.uk The West Brom is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Register no. 104877. ‘the West Brom’ is a trading name of West Bromwich Building Society.