Job Description

Supporting the Managing director of Fraud and Financial Crime to implement at BBBs fraud and financial crime risk strategy for British Business Bank and advising on the Covid response scheme portfolio with a view to supporting government and partners to help BBB to maximize taxpayer value for money by advising on how to minimize fraud losses.

The Director within the F&FC team will support the MD F&FC to provide support and guidance to BBB product teams who oversee performance of the Covid response schemes (BBL, CIBL, CLBIL and FF) portfolio and all other Product areas with regards to fraud and financial crime risk issues. The Director will also lead a team of managers who will provide day-to-day support and advice to the product teams in accordance with the Fraud & Financial crime risk framework, as well as act as point of escalation. The post-holder will support the team of subject-matter experts and MD to embed the Bank’s 3LOD model; helping to create a more enhanced model of risk identification and assessment. The role-holder will work collaboratively with all stakeholders to understand and mitigate the fraud and financial crime risks that pose risk to BBB and provide support to F&FC team members, ensuring all F&FC team members have visibility of all aspects of the post-holder’s activities across the team to ensure the team is internally well coordinated. The role-holder will also co-ordinate with other internal stakeholders and ensure there is a unified F&FC voice and book of coordinated FC risk management activity. The role-holder will issue-spot and escalate matters that impact on the F&FC team’s strategy to the MD.

More broadly, the F&FC team will provide support to the product teams in terms of the evolution of fraud and financial crime risk policies and standards, fraud and financial crime risk assessments, assist in the design and creation of effective management information that will assist the Board to understand and mitigate fraud and financial crime risks and enable the Board to identify where the Bank is acting inside or outside of risk appetite.

In addition to the above, the post holder will have responsibility for ensuring the team provides effective and appropriate advice to the Product teams, provides effective monitoring and reporting on fraud and financial risks, provides key insights to the MD F&FC) through issue-spotting and horizon scanning of risks) effectively manages team performance and appropriately escalates issues to the Managing Director Fraud & Financial Crime.

To be considered for this role you will have an excellent knowledge of fraud and financial crime risk operations and compliance processes and ensuring the management of these, ideally within a financial services environment.

You will also have experience of and sound understanding of legal and regulatory issues pertaining to fraud and financial crime along with the ability to understand and consider fraud and financial crime risks within the context of a banking environment.

You must have awareness of BBB’s structure, mission, objectives and wider strategy and be able to demonstrate experience of management of internal and external stakeholders at a variety of levels to ensure transparency and confidence.

Experience with dealing with government stakeholders is beneficial and a proven track record of leading teams to deliver in fast-paced environments with competing priorities would be essential as well as a proven track record of change management within a financial crime compliance banking environment.

You will have the ability to lead effectively, independently, and within a collaborative, team-orientated environment, using sound judgment in decision-making and be able to clearly articulate and escalate financial crime risks, providing a clear recommendation on proposed risk mitigation strategies.

You must have demonstrable experience of being a role model and leading by example in providing support and career development to team members.

Benefits package:

• 30 days annual leave plus bank holidays (pro rata for part time),
• Up to 15% employer pension contribution,
• Discretionary Bonus Scheme,
• Flexible working, cycle to work scheme, healthcare cash plan and life assurance
• Paid voluntary day, maternity, adoption, and shared parental leave
• Benefits designed to suit your lifestyle - from discounts on retail and socialising, to health and wellbeing, travel, and technology...and plenty more

Required Knowledge, Skills, and Abilities

You must have awareness of company’s structure, mission, objectives and wider strategy and be able to demonstrate experience of management of internal and external stakeholders at a variety of levels to ensure transparency and confidence.

Experience with dealing with government stakeholders is beneficial and a proven track record of leading teams to deliver in fast-paced environments with competing priorities would be essential as well as a proven track record of change management within a financial crime compliance banking environment.

You will have the ability to lead effectively, independently, and within a collaborative, team-orientated environment, using sound judgment in decision-making and be able to clearly articulate and escalate financial crime risks, providing a clear recommendation on proposed risk mitigation strategies.

You must have demonstrable experience of being a role model and leading by example in providing support and career development to team members.