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 careful risk management. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions. At Rothesay, we are striving to transform our industry and create real security for the future.

Reports to: Operational Effectiveness and Controls Lead

Role type: Permanent

Team overview: The role sits in the Compliance function

Responsibilities

• 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:

• 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
• Maintaining a strong grasp of regulatory change, horizon-scanning and forward-looking activities
• 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
• Technical Skills – Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden knowledge and demonstrates analytical skills
• Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve performance, works towards challenging goals and persists in face of obstacles
• Teamwork – Demonstrates being a strong team player, collaborates with others within and across teams, encourages participation and acknowledges others’ contributions
• Communication Skills – Communicates what is relevant and important clearly and concisely
• Judgement and Problem solving – Plans ahead, analyses complex issues and finds solutions
• Creativity/Innovation – Looks for new ways to improve processes with practical value
• Influencing Outcomes – Presents persuasive rationale and recommendations

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, disability or age.