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- Tasks: Lead fraud and financial crime strategy, ensuring effective controls and leveraging AI for detection.
- Company: Join a leading consumer lending business focused on innovation and security.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Other info: Dynamic role in a fast-paced environment with opportunities for professional development.
- Why this job: Shape the future of fraud prevention while working with cutting-edge technology.
- Qualifications: Extensive experience in fraud and financial crime, strong analytical skills, and leadership capabilities.
The predicted salary is between 80000 - 100000 £ per year.
Waterhouse-Kern Associates is proud to be partnering with a leading consumer lending business to find a new Head of Fraud and Financial Crime Strategy.
Our client is looking for an experienced Head of Fraud & Financial Crime Strategy to lead the first line fraud and financial crime capability. This role is responsible for defining and delivering our strategy, control framework and operational approach across fraud, AML and broader financial crime risks.
Working closely with the MLRO and DMLRO you will lead the Fraud and Financial Crime first line strategy teams to ensure controls are effective, scalable and increasingly leverage advanced and AI-driven approaches. You will play a key role in ensuring the business is equipped to both use AI to strengthen detection capabilities and respond to the increasing use of AI by criminals, protecting both customers and the firm.
This role requires a hands-on leader with strong financial crime expertise, capable of operating at both strategic and detailed levels. The successful candidate will bring deep knowledge of financial crime regulation and practice, combined with the ability to implement change, improve controls and drive operational delivery in a fast-paced environment.
This role is subject to certification under the Senior Managers and Certification Regime (SM&CR).
Key responsibilities:- Understanding and articulating to the wider business the fraud and wider financial crime risk that the business faces today and is likely to face in the future as bad actors adapt and begin to use new technology.
- Own and deliver the firm’s Fraud & Financial Crime strategy across all relevant risk areas.
- Establish and maintain a clear operating model, ensuring defined ownership and accountability across the wider fraud and financial crime operating model.
- Working closely with the MLRO and Compliance to design, implement, evidence and continuously improve the fraud and financial crime control framework.
- Take a hands-on role in investigating issues, reviewing controls and supporting the resolution of complex fraud and financial crime problems.
- Extensive experience of Fraud and Financial Crime in the UK across both new business onboarding and existing customers covering card and loan portfolios.
- Advanced analytics capability; the successful candidate will deliver this both personally and through the team so must be capable of completing detailed analytics from initial data access through to final report/presentations with clear recommendations.
- Pro AI; looking at how AI can both impact the risks to the business and how it can be used to better detect and manage Fraud and Financial Crime Risks.
- Strong understanding of fraud and financial crime regulation and expectations with the ability to translate these into practical first line controls and processes.
- Leverage external networks (e.g. industry forums, intelligence groups, law enforcement engagement) to stay informed of emerging threats and best practice.
- Experience building or transforming fraud and/or financial crime capabilities including implementation of tooling and systems.
- Pragmatic and commercially minded; able to balance strong controls with business outcomes.
- Comfortable operating in a fast-paced, evolving environment.
- Comfortable operating in ambiguity; making informed decisions in a rapidly evolving threat and regulatory landscape.
- Strong, credible leader with experience managing teams and driving delivery.
- Forward-looking with the ability to challenge existing approaches and proactively evolve controls in line with emerging threats.
- Strong judgment and decision-making capability in complex situations.
- Collaborative and able to build effective working relationships across teams.
- Hands-on approach, with the ability to operate across both strategy and execution.
Head of Fraud and Financial Crime Strategy in London employer: Waterhouse-Kern Associates
Contact Detail:
Waterhouse-Kern Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Fraud and Financial Crime Strategy in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We can’t stress enough how important it is to build relationships; you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching the company and its challenges. We recommend crafting a few thoughtful questions that show you understand their fraud and financial crime landscape. This will help you stand out as a candidate who’s genuinely interested.
✨Tip Number 3
Showcase your expertise! When you get the chance to discuss your experience, highlight specific examples of how you've tackled fraud and financial crime issues. We want to see your hands-on approach and how you’ve driven results in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals who can bring innovative ideas to the table, especially in the realm of AI-driven strategies.
We think you need these skills to ace Head of Fraud and Financial Crime Strategy in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Head of Fraud and Financial Crime Strategy. Highlight your experience in fraud prevention, financial crime regulation, and any hands-on leadership roles you've had. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about tackling fraud and financial crime. Share specific examples of how you've successfully implemented strategies or improved controls in previous roles. Let us know why you’re the perfect fit for this position!
Showcase Your Analytical Skills: Since advanced analytics is key for this role, make sure to include any relevant projects or experiences where you've used data to drive decisions. We love seeing candidates who can not only analyse data but also present clear recommendations based on their findings.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Waterhouse-Kern Associates
✨Know Your Stuff
Make sure you brush up on your knowledge of fraud and financial crime regulations, especially in the UK. Be ready to discuss how these regulations can be translated into practical controls and processes. This will show that you’re not just familiar with the theory but can also apply it in real-world scenarios.
✨Showcase Your Analytical Skills
Prepare to demonstrate your advanced analytics capability. Bring examples of how you've used data to identify risks or improve controls in previous roles. Being able to walk through your analytical process from data access to final recommendations will impress the interviewers.
✨Embrace AI in Your Strategy
Since the role involves leveraging AI for fraud detection, be ready to discuss your thoughts on how AI can both pose risks and enhance detection capabilities. Share any experiences you have with AI-driven approaches in fraud prevention, as this will highlight your forward-thinking mindset.
✨Be a Collaborative Leader
Highlight your experience in building effective working relationships across teams. Prepare examples of how you’ve led teams through complex situations and how you’ve collaborated with compliance and other departments to improve fraud and financial crime strategies. This will showcase your hands-on leadership style and ability to drive delivery.