Financial Crime Manager

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £70 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £300 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries and Telent.  At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

 Job title:   Financial Crime Manager                     

Reports to:   Operational Effectiveness and Controls Lead             

Role type:  Permanent

SMCR classification:    Conduct Rules Staff

Team overview – The role sits in the Compliance function

Job Responsibilities: 

Main responsibilities include but not limited to:

• Perform ongoing monitoring of KYC and dealing / advising on escalations and referrals for higher risk cases or exceptions
• Support on investigations into suspected fraud cases both on the pensions and mortgage side of the business
• Support with AML/CTF regulations, sanctions regimes and mortgage fraud regulatory reporting obligations
• Perform financial crime risk assessments across the insurance, asset and mortgage business focusing on fraud, money laundering and sanctions exposure
• Produce regular reports and dashboards for senior management including updates to the control effectiveness framework for Compliance
• Support financial crime-related communications surveillance and alerts generated by Rothesay’s surveillance platform

General responsibilities – applicable to all Compliance Team members:

Both through your defined responsibilities and more generally, you are responsible for driving a positive compliance culture. Specifically, you are personally responsible for:

• Understanding and complying with the requirements and expectations set out in the Compliance Framework
• Ensuring you and Rothesay as a whole act to deliver good customer outcomes in line with the requirements of the FCA’s Consumer Duty
• Ensuring you maintain a strong grasp of the regulatory change agenda, playing an active part in forward-looking activities such as horizon-scanning
• Providing input into the Compliance Function’s risk management processes, toolkits and annual planning process
• Observing Rothesay’s Compliance Standards and the PRA/FCA Conduct Rules, remaining fit and proper and notifying the CCO of any material changes in your circumstances
• Taking personal responsibility for remaining competent for the work you do, proactively managing and recording your professional learning and development

Skills and experience required: 

• Expertise in consulting with and advising internal stakeholders preferably with financial crime and fraud risk advisory
• Experience working in a high-profile financial services environment. This may have been gained within a regulated firm, at a regulator, or in an advisory capacity
• Strong understanding of the Life Pensions Market or Mortgage lending business and the associated regulatory requirements for such firms
• Good understanding of key regulatory initiatives (Money Laundering regulations, JMLSG, Customer Outcomes) and the practical application of the Conduct Rules
• Demonstrable commitment to diversity, inclusion and making a real difference in the communities we live and work in
• Strong personal commitment to high ethical standards and fostering a ‘speak up, listen up’ culture at all levels of the business

Rothesay competencies:

• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills
• Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

 Disclaimer

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

Inclusion

Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.