Job Description

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who\'ll think out of the ordinary and we put them in environments where they\'ll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.



What does the team do? The Financial Crime team is part of the Firm\'s second line of defence and is responsible for all aspects of financial crime management including Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Market Abuse, and Sanctions in relation to Investec Bank plc (IBP).
Specifically, the teams primary responsibilities are:

• Establish a strong framework to prevent, detect, investigate, and report Financial Crime risk.
• Ensure comprehensive Financial Crime related policies and procedures are maintained and embedded within the business in line with legal and regulatory requirements.
• Support the business to implement effective systems and controls in order to manage Financial Crime risk.
• Ensure all relevant staff receive the necessary Financial Crime training.
• Report Financial Crime related management information to Senior Management, ensuring any relevant risks are highlighted accordingly.
• Promote the team as a trusted control function which aims to protect the Firm from Financial Crime risk.

• Promote the team as a trusted control function which aims to protect the Firm from Financial Crime risk.

What are the main responsibilities?

To maintain an effective Financial Crime function for Investec Bank plc (IBP) in particular to:

• Act as a Subject Matter Expert on AML, CTF, PEPs and Sanctions for the Business, MLRO and other relevant stakeholders (e.g. Internal/External Audit.
• Provide timely advice to the business on high risk client onboarding/review referrals, such as, PEPs and higher risk clients and third parties subject to Enhanced Due Diligence requirements.
• Timely investigate any referrals to Financial Crime by the business in relations to potential suspicious activity, higher risk payments and sanction true matches.
• Management and maintenance of the AML, CTF and Sanction policies, as well as all relevant PEP procedures, and provide guidance to the business and all other relevant stakeholders on the application of such policies and procedures in order to minimise the Firm\'s Financial Crime risk.
• Management and maintenance of all relevant training programs from an AML, CTF, PEP and Sanctions perspective in order to adequately meet the training needs of the Business and other relevant stakeholders.
• Keep track of regulatory and legislative developments, as well as best practices relating to AML, CTF, PEPs and Sanctions and suggest/embed any necessary enhancements into the Firm\'s financial crime framework.
• Review and approve all relevant financial crime risk assessments from an AML, CTF, PEP and Sanctions perspective in conjunction with other relevant stakeholders (i.e. Assurance).
• Provide guidance in relation to all relevant PEP and Sanction tools to ensure compliance with all necessary screening requirements and propose/embed any potential enhancements to the monitoring frameworks, in conjunction with other relevant stakeholders (i.e. Detection).
• Develop and maintain effective relationships throughout the Firm on behalf of the Financial Crime team.
• Assist in the continued development of the Financial Crime framework and help determine the strategic direction of the team.
• Ensure that reasonable requests for information from regulators and Law Enforcement Agencies are executed e.g. FCA requests for information, thematic review participations, Court / Production Orders, Asset Freeze orders.
• Transaction Monitoring, including for pilot/new products.
• Proactively investigate any external Financial Crime related events to ascertain any potential impact on IBP.
• Manage the Sensitive High Risk and Enhanced Monitoring client data set, including required reviews and reporting.
• Manage the Clients of Interest process across the Group
• Ad hoc involvement and contribution into Financial Crime work streams / projects within the Group

What core skills and knowledge are we looking for?
Must have practical AML/CTF, ABC and Sanctions experience with a UK regulated Financial Institution.
\xc2\xb7 Ability to interpret regulatory requirements and align business needs.
\xc2\xb7 Report writing experience.
\xc2\xb7 Ability to communicate at all levels and with a variety of stakeholders
\xc2\xb7 Relevant industry qualifications (such as the ICA Diploma level within
Financial Crime).
\xc2\xb7 To act with integrity at all times and embrace the philosophy of treating our customers fairly.
\xc2\xb7 Strong work ethic and able to work on own initiative.

What regulatory knowledge do we need?
\xc2\xb7 FCA Handbook
\xc2\xb7 UK Money Laundering Regulation
\xc2\xb7 Criminal Justice Act
\xc2\xb7 Terrorist Acts
\xc2\xb7 Proceeds of Crime Act (POCA)
\xc2\xb7 Joint Money Laundering Steering Group Guidance Notes
Bribery Act

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It\'s a responsibility we all share and is integral to our purpose and values as an organisation.

We want our people to feel empowered to be themselves in an environment that supports them, enabling them to perform in \xe2\x80\x9cout of the ordinary\xe2\x80\x9d ways. Our culture places belonging and inclusion at its centre and our work environment is integral to this. If you require any adjustments to support you through the recruitment process, as well as supportive and flexible working arrangements to help you succeed with us, please let our recruitment team know.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same - if the role excites you, please don\'t let our person specification hold you back. Get in touch!

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Location

London - 30 Gresham Street

30 Gresham Street, London, England, GB, EC2V 7QN

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Meet the recruiter

Charmaine Bannerman

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension

Private Medical Cover

Virtual GP

Gym Discounts

Psychologist Service

Annual Leave

Life Assurance

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