Financial Crime Associate - 12 month FTC

National Wealth Fund; Leeds; Hybrid; GBP 40,000 - 55,000; Full time

Benefits offered by this job

Competitive benefits

Learning opportunities

Job summary

The National Wealth Fund invites applications for a Financial Crime Associate in the Risk & Compliance function. Hybrid working with a Leeds office a minimum of 3 days per week. This is a 12 month Fixed Term Contract.

You will support the development of the Financial Crime strategy, conduct risk assessments, perform customer due diligence, and advise the first line of defence to ensure regulatory compliance across FCA, ML regulations and JMLSG guidance.

Qualifications

• Educated to degree level and able to demonstrate regulatory knowledge.
• Strong understanding of UK financial crime regulations and guidance.
• Professional qualifications in financial crime (ICA or CISI) are advantageous.
• Experience in regulated financial services and in risk assessment investigations.

Responsibilities

• Support the Compliance team in delivering the Compliance strategy, plan and policies.
• Assist in developing and implementing the Financial Crime strategy and framework.
• Engage with stakeholders across the Fund to embed the framework and ensure compliance.
• Perform financial crime risk assessments and client risk assessments.
• Undertake customer due diligence in line with FCA requirements and JMLSG guidance.
• Provide guidance to the first line of defence on financial crime matters.
• Monitor controls, recommend improvements, and assist investigations and audits.
• Support horizon scanning and training on financial crime prevention.

Skills

Stakeholder management

Regulatory compliance

Analytical skills

Communication skills

Risk assessment

Education

Degree-level education

Job description

Shape the Future with the National Wealth FundAt the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.The primary purpose of the Risk & Compliance function at the National Wealth Fund (NWF) is to embed an effective risk management framework which enables the risks to the Fund’s objectives to be managed in an agile and effective way. The team fosters a risk-aware culture across the Fund and provide the necessary assurance that key risks are managed within the appetite set by the Board.This role is for a Financial Crime Associate in the Risk & Compliance function, reporting to the Financial Crime Manager. The role holder will proactively identify opportunities for, and recommend solutions to enhance, and support the oversight of the Fund’s financial crime compliance framework. They will independently lead key elements of the delivery of an effective and proactive second line financial crime strategy and framework, underpinned by processes and controls that ensure compliance with relevant regulatory, financial, and operational requirements. Additionally, the successful candidate will support the active management of financial crime risk in the existing portfolio and will lead due diligence into the NWF’s pipeline of new transactions.Location: Hybrid working with a minimum of 3 days per week in the Leeds office. This is a 12 month Fixed Term Contract.Deadline to Apply: 7th October 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis.Core ResponsibilitiesSupport the Compliance team in delivering the wider Compliance strategy, Compliance plan, and associated policies to drive, promote, and maintain a strong Compliance and Financial Crime culture within the businessAssist in developing and implementing the NWF’s Financial Crime strategy and framework, identifying opportunities for improvement and proactively making recommendations to the financial crime managers/senior managers. Associates support stakeholder engagements across the Fund to embed the framework to ensure appropriate levels of complianceSupport the completion of comprehensive financial crime risk assessments and perform client risk assessments to identify and mitigate financial crime risksUndertake the customer due diligence for new and existing clients in line with FCA requirements, Money Laundering Regulations, Joint Money Laundering Steering Group (JMLSG) guidance, and other regulationsProvide trusted advice and support to the first line of defence on financial crime matters to enable NWF to operate in line with all relevant regulatory and legislative requirements in relation to Financial CrimeMonitor and review the effectiveness of financial crime controls, recommending improvements where necessaryUndertake and / or assist in investigations into financial crime incidents, including drafting of reports to Compliance managementParticipate in internal or external audits of the Risk and Compliance function, or the Fund as a whole, including inspections or enquiries from law enforcement agencies. Work closely with audit teams to provide necessary documentation and address any findingsAssist in the development and delivery of of training and awareness programs on financial crime prevention to NWF colleaguesSupport the preparation and presentation of regular reports on financial crime risks and compliance to colleagues and NWF’s Executive Committee, Board, and Board sub-committeesStay up-to-date with the latest regulatory developments and industry best practices, and support the review of horizon scanning resultsTrain and mentor new financial crime colleaguesWork collaboratively within a high-performing team to deliver the function’s strategic risk and compliance framework, liaising across the 3LOD to deliver integrated assuranceKnowledge, Skill and Experience requirementsExperience:Substantial experience working in a financial crime function, preferably within a regulated financial services environmentExperience in conducting risk assessments and investigations related to financial crimeExperience of stakeholder managementExperience within investment banking and/or infrastructure finance is desirableExperience of public sector regulation or working with government would be an advantage but not essentialKnowledge:Educated to degree levelStrong understanding of UK financial crime regulations, including applicable laws, regulations, and industry guidance (e.g., Sanctions, Fraud, UK Bribery Act, Money Laundering Regulations, JMLSG guidance, Modern Slavery Act)Professional financial crime-related qualifications (e.g. ICA or CISI) are advantageousSkills:Strong communication, listening, and writing skillsAbility to present to various audiences, including committees and senior managementAbility to work autonomouslyPragmatic and comfortable working with ambiguityStrong attention to detail and well-organised; ability to prioritize, multi-task, and work well under pressureStrong problem-solving techniques, including the ability to identify, research, and resolve unfamiliar issuesComfortable with using data to identify typologies, patterns, and anomaliesAbility to collaborate across business lines and functions with a professional presence; proven ability to cultivate and maintain strong business relationships at all levels within the organisationA career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. We value diversity in our people and inclusion is at the heart of what we do.We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.