At a Glance
- Tasks: Lead financial crime compliance and enhance risk management strategies.
- Company: Join the National Wealth Fund, shaping the UK's financial future.
- Benefits: Competitive salary, hybrid working, and unique learning opportunities.
- Other info: Diverse and inclusive workplace with excellent career growth potential.
- Why this job: Make a real impact in a dynamic environment with cutting-edge technologies.
- Qualifications: Experience in financial crime and strong communication skills required.
The predicted salary is between 70000 - 80000 £ per year.
Shape the Future with the National Wealth Fund
At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom.
Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.
We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.
Job Purpose
Location
Hybrid working with a minimum of 3 days per week in the Leeds office.
Salary
£70,000 - £80,000
Deadline to Apply
28th July 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis. Please submit a CV and covering letter.
Interview Process
Two stage interview process - Teams first interviews to take place w/c 10th & 17th August, second stage face to face interviews to take place w/c 24th August.
Role Purpose
The primary purpose of the Risk & Compliance function at the National Wealth Fund (NWF) is to embed an effective risk management framework which enables the risks to the Fund’s objectives to be managed in an agile and effective way.
The team fosters a risk-aware culture across the Fund and provide the necessary assurance that key risks are managed within the appetite set by the Board.
This role is for a Financial Crime Manager in the Risk & Compliance function, reporting to a Senior Financial Crime Manager.
The role holder will be responsible for the enhancement and oversight of the Fund’s financial crime compliance framework.
They will deliver an effective and proactive second line financial crime strategy and framework, underpinned by processes and controls that ensure compliance with relevant regulatory, financial, and operational requirements.
Additionally, the successful candidate will be responsible for the active management of financial crime risk in the existing portfolio and will undertake and oversee due diligence into the NWF’s pipeline of new transactions.
- Key Accountabilities
- Support the Senior Compliance Manager in delivering the Compliance strategy, compliance monitoring plan, and associated policies to drive, promote, and maintain a strong Compliance and Financial Crime culture within the business.
- Assist in developing, implementing and maintaining the NWF’s Financial Crime strategy and framework, proactively identifying opportunities for improvement, and working with key stakeholders across the Fund to embed the framework to ensure appropriate levels of compliance.
- Conduct comprehensive financial crime risk assessments and provide oversight and quality control of client risk assessments to identify and mitigate financial crime risks.
- Undertake and ensure that the customer due diligence requirements for new and existing clients are robust and in line with FCA requirements, Money Laundering Regulations, Joint Money Laundering Steering Group (JMLSG) guidance, and other relevant financial crime regulations, and remain fit for purpose.
- Provide expert advice and support to the first line of defence on financial crime matters to enable NWF to operate in line with all relevant regulatory and legislative requirements in relation to Financial Crime.
- Monitor and review the effectiveness of financial crime controls,
- recommending improvements where necessary.
- Undertake and / or assist in investigations into financial crime incidents and report findings to senior management.
- Participate in internal or external audits of the Risk and Compliance function, or the Fund as a whole, including inspections or enquiries from law enforcement agencies.
Work closely with audit teams to provide necessary documentation and address any findings.
- Develop and deliver training and awareness programs on financial crime prevention to colleagues.
- Prepare regular reports on financial crime risks and compliance to NWF’s Executive Committees, Board, and Board sub-committees.
- Stay up to date with the latest regulatory developments and industry best practices. Perform horizon scanning – reviewing updates and determining which are relevant to NWF.
- Oversee and mentor your direct report(s), if any, ensuring effective performance management and professional development.
- Work collaboratively within a high-performing team to deliver the function’s strategic risk and compliance framework, liaising across the 3LOD to deliver integrated assurance.
- Support senior management with interactions with regulatory bodies, law enforcement agencies, and other stakeholders as required.
- Key Experience, Knowledge & Skills Required
Experience
- Significant experience working in a financial crime function, preferably within a regulated financial services environment.
- Experience in developing and implementing financial crime frameworks.
- Experience in conducting risk assessments and investigations related to financial crime.
- Experience in managing teams and delivering to deadlines.
- Experience within investment banking and/or infrastructure finance is desirable.
- Experience of public sector regulation or working within government would be an advantage but not essential.
- A legal background would be an advantage but not essential.
- Knowledge
- Educated to degree level.
- Strong knowledge of the UK’s financial crime framework, including applicable laws, regulations, and industry guidance (e. g., sanctions, fraud, UK Bribery Act, Money Laundering Regulations, JMLSG guidance).
- Professional financial crime-related qualifications (eg ICA or CISI) are advantageous.
Skills
- Strong communication, listening, and writing skills.
- Ability to present to various audiences, including committees and senior management.
- Pragmatic and comfortable working with ambiguity.
- Strong attention to detail and well-organised; ability to prioritize, multi-task, and work well under pressure.
- Ability to think strategically while also focusing on details and execution.
- Strong problem-solving techniques, including the ability to identify, research, and resolve unfamiliar issues.
- Ability to collaborate across business lines and functions with a professional presence; proven ability to cultivate and maintain strong business relationships at all levels within the organisation.
A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future.
We value diversity in our people and inclusion is at the heart of what we do.
We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience.
Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.
Manager - Financial Crime (Permanent) employer: UK National Wealth Fund
At the National Wealth Fund, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. Our commitment to employee growth is evident through unique learning opportunities that blend private and public sector expertise, empowering you to make a meaningful impact on the UK's future. With competitive benefits and a focus on driving national security and clean energy initiatives, joining our team means contributing to a mission that truly matters.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - Financial Crime (Permanent)
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like UK National Wealth Fund looking for candidates who are engaged and informed.
We think you need these skills to ace Manager - Financial Crime (Permanent)
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at UK National Wealth Fund. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at UK National Wealth Fund
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with UK National Wealth Fund’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
