Director - Head of Fraud & Financial Crime & AML Due Diligence in London

Application Deadline: 28 April 2026

Department: Operations (COO)

Employment Type: Fixed Term Contract

Location: London

Compensation: £80,000 - £112,500 / year

Description:

Director, Fraud & Financial Crime (Product Operations)

Location: Sheffield / London / Hybrid Working (Expectation that you will attend an office 2 days per week)

Contract: Fixed Term Contract - 13 Months Maternity Cover from 1 July 2026

Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)

Salary: Up to £90,000 (Sheffield) / £112,500 (London) depending on experience

Benefits package:

• Bonus
• 30 days annual leave plus bank holidays (pro rata for part time), opportunity to buy and sell holiday
• 15% employer pension contribution, discretionary bonus scheme
• Flexible working, cycle to work scheme, healthcare cash plan and life assurance
• Paid voluntary days, 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

THE ROLE

We are seeking an experienced senior leader to join the British Business Bank as Director – Head of Fraud & Financial Crime (F&FC) and Anti‑Money Laundering (AML) Due Diligence. This is a visible leadership role responsible for safeguarding the Bank, its programmes and UK taxpayers against fraud, financial crime, money laundering and terrorist financing risk.

Reporting to the Managing Director of Product Operations, you will provide strategic leadership across fraud and financial crime risk management while owning and running the Bank’s first line F&FC and AML Due Diligence operational teams. You will act as a trusted partner to senior stakeholders across the Bank and Government, ensuring robust risk governance while enabling the Bank to deliver on its mission.

You will act as the Bank’s Counter Fraud Champion and Counter Fraud Functional Lead, in line with Government Functional Standard. You will represent the Bank at internal and external forums, including engagement with government bodies, law enforcement, lenders and other arm’s‑length bodies, and oversee fraud and financial crime reviews, reporting and KYC processes.

You will work closely with the Department for Business and Trade (DBT) Counter Fraud Team and the Public Sector Fraud Authority (PSFA), ensuring alignment with cross‑government counter‑fraud strategies and standards.

You will bring deep practical experience of fraud detection, prevention and response, including managing complex fraud risks, overseeing reviews, and ensuring robust assurance and reporting. You will bring extensive senior‑level expertise across fraud, financial crime and AML, with the ability to assess and manage risk across complex banking and investment portfolios.

You will have proven experience working within a regulated investment environment, with consistent practical application of the Money Laundering Regulations, including responsibility for KYC/KYB processes, and ensuring effective prevention, detection and response to financial crime risks across Bank programmes and delivery partners.

You will demonstrate deep technical knowledge of fraud and financial crime typologies, alongside a sound understanding of the legal and regulatory framework. You will be able to translate policy, regulation and risk frameworks into practical operational controls and standards, ensuring alignment with Government Functional Standards and best practice, and escalating gaps where appropriate.

You will have a proven track record of leading and developing high‑performing teams in fast‑paced environments, embedding the Three Lines of Defence model and strengthening risk identification and assessment.

Effective stakeholder management will be critical, as you work collaboratively with Risk and Compliance, Legal, Operations, Investment and Banking teams, influencing without direct authority and acting as a senior escalation point.

You will combine strategic insight with operational rigour, exercising sound judgement, working within strict governance frameworks, identifying emerging risks, and ensuring high‑quality management information supports senior leaders in understanding risk appetite and exposure.

We are particularly keen to recruit someone with investment experience and a credible track record of operating within the Money Laundering Regulations in a regulated environment.