Senior Economic Crime Oversight Leader - Financial Crime Transaction Monitoring

Lloyds Banking Group; Birmingham; On-site; GBP 80,000 - 100,000; Full time

Job summary

A major banking institution in Birmingham is seeking a leader for their Transaction Monitoring and Politically Exposed Persons (PEP) capability. The role involves overseeing critical risk areas, leading a team, and ensuring effective risk management strategies. The ideal candidate will have extensive experience in transaction monitoring, risk oversight, and effective communication with senior stakeholders. This position offers a competitive salary and a range of benefits, including a generous pension and extensive holiday allowances.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

30 days’ holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Extensive understanding of data usage in decision-making and threat mitigation.
• Experience with Transaction Monitoring and PEP Screening tools.
• Ability to lead teams and influence critical business decisions.

Responsibilities

• Lead oversight of Transaction Monitoring and PEP screening capabilities.
• Engage with business risk teams for effective risk mitigation.
• Provide independent opinion on transaction monitoring and PEP risk.

Skills

Data analysis

Transaction Monitoring

PEP Screening

Risk management

Leadership

Analytical skills

Job description

Overview

The role will lead the end-to-end oversight of the group's Transaction Monitoring and Politically Exposed Persons (PEP) capability. It requires in-depth knowledge of the technology systems deployed within the group, how these systems are configured, how rules are structured, how data is ingested, and how this aligns to BU risks and the group’s risk appetite. An advanced understanding of Economic Crime typologies is essential to ensure that transaction monitoring and PEP screening deliver the right outcomes while minimising impact on genuine customers. The role holder will lead a small team, provide support and direction, maintain strong stakeholder management, and deputise for the Head of Function (HoF).

This role is in the Economic Crime Prevention, Oversight Team and focuses on end-to-end oversight of the Transaction Monitoring and PEP screening capabilities. An enhanced understanding of Economic Crime typologies and familiarity with advanced technologies such as machine learning and artificial intelligence are desirable. A curious mindset is beneficial to understand activity in a fast-paced environment.

Key day-to-day responsibilities include: deputising for the HoF as required and supporting development within the team.

Responsibilities

• Draw on your sophisticated knowledge on all things data to solve complex and material problems
• Lead continual improvement and development initiatives, and implement new business practices for own area, while managing the oversight of a significant element of the organisation's risk landscape
• Check and challenge the embedding of the Group’s Risk Open Pages (ROP) approach to continuous risk management
• Provide an independent opinion on the business’ management of transaction monitoring and PEP risk, challenging areas of mitigation or control weakness, and coordinating ongoing oversight and assurance activities based on the current and future risk profile of the business
• Engage with business risk teams, challenging both internally and externally to achieve the right focus on Transaction Monitoring and PEP risk mitigation
• Contribute to Economic Crime Prevention’s intelligence and data-led approach to identifying key risks and oversight
• Lead focused reviews, including to support individual and team development plans
• Support completion of ad-hoc projects, including in response to regulatory and Board/GEC level requests
• Take ownership for implementing formal development frameworks for direct reports, while informally coaching and mentoring others and investing in personal development
• Deputise for the Head of Function

Qualifications

• An extensive understanding of all things data and how data is used as part of decisioning and threat mitigation
• Experience of Transaction Monitoring and PEP Screening tooling and strategies, with the ability to identify weaknesses and shape the future direction
• A well-developed risk management focus with the ability to influence across critical teams to support customers and protect the group
• Evidence of engaging at a senior leadership level, and ability to support conversations with senior partners, government and regulators when required
• Curiosity with a real passion for growth and developing yourself and your teams
• Consistent track record in leadership and motivation of essential expert teams
• Experience developing strategic directions, providing constructive challenge, and leading large-scale change
• Strong analytical skills, critical thinking, and ability to analyse complex issues to shape the group’s direction
• Proven talent for development, performance management and engagement to drive high performance
• Strong resilience and growth mindset and awareness of latest developments and external trends

Additional Experience

• Accountable decision making in high-pressure and challenging situations
• Evaluating and building control frameworks
• Building data-led analysis techniques for risk management, ideally covering Economic Crime risk
• Effective communication that explains complex topics clearly
• Knowledge and practice of the lifecycle of preventing and responding to economic crime
• Leading colleagues to deliver meaningful shared objectives
• Collaborating with business areas, technology and platform partners to improve technology-led risk controls

Company and Inclusivity

Why Lloyds Banking Group: We’re on an exciting journey, investing in people, data, and technology to enable innovation, growth, and efficiency. We keep your data safe and will only request confidential or sensitive information once you have formally been invited for an interview or accepted a formal offer.

We are focused on a values-led culture and building a diverse and inclusive workforce. We welcome applications from under-represented groups and are disability confident. If you need reasonable adjustments to recruitment processes, please let us know.

Benefits

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits that can be adapted to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies