Financial Crime Compliance - Fraud (AVP)

Background As a regulated entity the Bank has both a regulatory and statutory obligation to ensure it implements systems and controls necessary to mitigate the risks of the firm being used in connection with money laundering and / or the financing of terrorism or fraud. The role sits within the Banks 2nd line of defence and as such is responsible for supporting both Front Office and back-office departments by conducting detailed reviews of fraud related matters escalated to CPD FCG. Working in partnership with all 3 LoDs teams to ensure that the Bank can undertake business whilst sufficiently mitigating any underlying fraud risks. Main interfaces/relationships: Head/ Deputy Head FCC, Manager Financial Crime Investigations / Advisory, Front Office / OAD staff within EMEA. Additionally, EMEA MLROs & RCCO. Primary remit: Undertake role of SME for fraud in the 2LoD, as defined by CPD FCG policies, legislation and regulatory requirements. To continually risk assess and escalate accordingly when required. To work with relevant stakeholders across EMEA. Secondary remit: . Provide advice, guidance, assistance, and training to EMEA staff in line with SME responsibilities. Purpose of Job To review the financial crime framework, systems and controls in relation to fraud and make recommendation for enhancements or changes. To understand and have experience of Fraud Actimize and other fraud detection systems. To contribute to fraud risk assessment at an enterprise-wide level. Conduct deep-dive analysis on both actual and near miss fraud case to establish trends and identify changes to the Banks control environment. To conduct financial crime fraud related investigations and assist in identifying where the products and services offered by SMBC BI are or may be used for criminal activities. Ensuring senior management are sufficiently informed and in possession of accurate information by collating MI and drafting reports. To work closely with stakeholders at all levels across the organisation in relation to the enhancement of anti-fraud controls and detection. Accountabilities & Responsibilities Responding to enquiries from the business in a timely manner. Work a part of team or individually analysing documentation, automated alerts, transactional data and conducting open-source research / screening to identify instances of fraud and and where controls can be enhanced. Providing advice and guidance to EMEA front office departments to mitigate the fraud / financial crime risk associated with regards to current customers and proposed trades / transactions. Provide support to, and conduct own investigations, including research in relation to internal staff investigations, Detailing and summarising complex financial evidence into reports and statements tailored to target audiences. Produce and provide analysis of the various reports from other Compliance areas, both qualitative and quantitative, of customers under active investigation. Identify developing themes, assist in building control frameworks which proactively prevent or detect financial crime. Keep fully apprised of proposed changes to legislation, Collate MI and draft reports in preparation for internal committees. Draft Suspicious Activity Reports (SARs) for submission to the Nominated Officer/MLRO/NCA where relevant. In conjunction with CPD Training unit produce and deliver specialist training with regards to Fraud across EMEA. In addition to the normal responsibilities over the department in the EMEA offices, the role holder is responsible for day-to-day provision of services to SMBC London Branch based on the Agreement for the Provision of Services between SMBC London Branch and SMBC BI. Knowledge, Skills, Experience & Qualifications Good understand of the fraud landscape in the UK and associated legislation. Good understanding of the link with fraud and other areas of financial crime, including cyber related crime. Inquisitive, motivated and highly trustworthy with an ability to work with the minimum of direct supervision, experienced in dealing with highly confidential material. Ability to independently conduct complicated investigations assessing and verifying a multiple strand of data and documentation. Ability to acknowledge that there is often a need to be a member of more than one team. Tactful, diplomatic, customer focused individual. Strong written and verbal communicator, able to articulate and prepare detailed rationale. Good understanding of the products and services offered by SMBC BI . Strong understanding AML / Fraud Transaction Monitoring Systems. Ability to act as fraud SME on behalf of CPD-FCG. Knowledge of Proceeds of Crime Act 2002, Bribery Act 2010, and fraud legislation and the FCA requirements. Knowledge of the wider financial crime landscape UK and global. Well organised with excellent ability to prioritise conflicting work whilst retaining an excellent attention to detail. International Compliance Association (ICA), Certified Fraud Examiner (CFE) or other relevant industry recognised professional qualification in relevant financial crime field is preferred.