Head of Economic Crime Prevention Oversight

lloyds banking group; Leeds; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

A major financial institution is seeking a Head of Economic Crime Prevention Oversight to lead their efforts against fraud and financial crime. This hybrid role involves overseeing a high-performing team to ensure regulatory compliance while adapting to new challenges in a dynamic environment. The ideal candidate has deep expertise in Economic Crime Prevention and strong leadership skills. A competitive benefits package is offered, including generous holiday and pension contributions.

Benefits

Generous pension contribution

Annual performance-related bonus

30 days holiday plus bank holidays

Wellbeing initiatives

Generous parental leave policies

Qualifications

• Deep knowledge of Fraud, Anti-Money Laundering, and related regulatory requirements.
• Proven leadership and ability to drive transformation.
• Strong experience in financial services, ideally Insurance or Investments.

Responsibilities

• Set strategic direction for Economic Crime policy.
• Lead and manage a high-performing team.
• Ensure compliance with regulatory requirements.

Skills

Economic Crime Prevention expertise

Leadership skills

Data-driven decision-making

Regulatory knowledge

Change management

Job description

Job Description Summary

Job Description

JOB TITLE: Head of Economic Crime Prevention Oversight

LOCATION(S): Edinburgh, Bristol, London, Leeds

HOURS: Full-time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites

About this opportunity

Are you passionate about having a role that plays a key part in helping to keep our customer safe from Fraud and Financial Crime?

We’re heavily investing in our products and teams, to deliver on our purpose of Helping Britain Prosper. We want someone who is open, collaborative, driven, commercial and has an agile mentality who can lead a diverse team whilst having fun along the way! Lead the Insurance, Pensions and Investments Risk Economic Crime Prevention team to ensure positive customer outcomes.

The Head of Economic Crime Prevention Oversight (and our MLRO for our Insurance, Pensions, and Investments entities) is a key role within Insurance, Pensions & Investments (IP&I), providing leadership and strategic direction in the management of risks across our business.

They will apply an extensive understanding of current and emerging fraud and crime risks ensuring compliance with relevant legislation, regulation, and guidance through the deployment of appropriate anti-money laundering, sanctions, fraud and anti-bribery policies, controls, and procedures.

Role accountabilities:

• Set the strategic direction for Economic Crime policy and oversee its effective execution across the legal entity. Oversee first line of defence activity in relation to fraud and financial crime, ensuring it is compliant and within risk appetite.
• Lead and manage a high-performing team, overseeing diverse activities and ensuring regulatory compliance through close collaboration with internal risk stakeholders.
• Modelling behaviours to demonstrate the Group's values and making sure that management of risk is the responsibility of every colleague.
• A key leadership role within both our IPI and Risk Divisions.

What you’ll need:

We’ll be looking for these skills and experiences. But we know careers, like life, don’t always go in a straight line.

• Highly experienced and seasoned Economic Crime Prevention professional with deep knowledge of current and emerging regulatory requirements for Fraud, Anti-Money Laundering, Sanctions and Anti-Bribery and Corruption matters.
• Experience in automating and digitising control environments, integrating innovative tools and platforms to enhance economic crime detection and prevention capabilities.
• Proven leadership skills, including the ability to drive transformation and communicate effectively at senior levels, both internally and externally.
• A strong track record of using data to drive oversight, generate actionable insights, and support strategic decision-making.
• Understanding of Risk Management Frameworks within a financial services organisation.
• Experience of providing constructive challenge and support to 1st Line, and in a Shared Services environment to mitigate risks.
• Proven in navigating ambiguity and adapting with pace to a rapidly changing environment.
• Experience of working within financial services and ideally knowledge of Insurance, Pensions, and Investment businesses.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We offer a wide-ranging benefits package, which includes: a generous pension contribution of up to 15%, an annual performance-related bonus, share schemes including free shares, benefits you can adapt to your lifestyle, 30 days’ holiday, with bank holidays on top, and a range of wellbeing initiatives and generous parental leave policies.

We are an equal opportunities employer and welcome applications from all qualified candidates.

We are committed to building a workforce which reflects the diversity of the customers and communities we serve.