Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Team Description    

The Financial Crime team (Fraud) forms part of the organisations second line of defence and oversees all aspects of financial crime management, including Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Sanctions and Fraud for Investec Bank plc (IBP). 

• The team's primary responsibilities include: 
• Establishing a robust framework to prevent, detect, investigate, and report financial crime risks. 
• Ensuring comprehensive financial crime policies and procedures are maintained and embedded within the business, in line with legal and regulatory requirements. 
• Supporting the business in implementing effective systems and controls to manage financial crime risks. 
• Ensuring all relevant staff receive appropriate financial crime training. 
• Providing financial crime-related management information to Senior Management, highlighting relevant risks as needed. 
• Positioning the team as a trusted control function dedicated to protecting Investec from financial crime risks.

Description of role and key responsibilities  

To be part of a team that ensures IBP's Financial Crime responsibilities comply with all relevant regulations. In particular to assist in:

Policy

• Develop, maintain and implement effective fraud risk management policies and standards covering internal and external fraud, APP fraud, cyber-enabled fraud, mule accounts, and identity theft.
• Ensure fraud-related regulatory and legislative developments (e.g., FCA expectations on fraud prevention, APP fraud guidance, UK Finance best practice) are identified and policies updated promptly.
• Benchmark fraud policies and frameworks against industry peers to ensure best practice alignment.

Risk Assessments

• Maintaining effective risk assessments of AML, CTF, ABC, Sanctions, Tax Evasion, and Fraud in conjunction with the business and Operational Risk to enable a risk-based approach to the management of Financial Crime risk within IBP and its subsidiaries.
• Where appropriate. attend relevant fora/committees to enable timely identification of potential risks to the Financial Crime system of controls.
• Maintain the Fraud Risk Assessment framework, ensuring all key fraud typologies and scenarios are considered across business lines, client lifecycle stages, and digital channels.
• Coordinate Risk and Control Self-Assessments (RCSAs) for fraud, ensuring risks are accurately identified, controls documented, and effectiveness tested.
• Partner with business units to embed ownership of fraud risks and controls within the first line of defence.
• Ensure assessment outputs are used to inform risk appetite, policy development, monitoring, and resource prioritisation.
• Present findings and control gaps to senior committees, recommending enhancements and tracking remediation actions.

Projects

• Where appropriate, participate in or lead financial crime work streams/projects, including but not limited to AML,  ABC, Sanctions and Fraud.   
• Maintain a financial crime development roadmap to ensure processes and technology evolve in line with regulatory expectations, emerging risks and financial crime trends, including fraud detection, prevention, and response strategies.

General

• Build strong working relationships with other fraud and financial crime resources across the Investec Group.
• Encouraging a culture of openness, accountability, and fraud awareness across the business.
• Participation as part of the wider Financial Crime team to ensure that the whole team's objectives are achieved.

Training

• Develop and deliver effective training programmes and content for Fraud, including the roll out of CBT and face to face training to ensure staff have an adequate awareness of Financial Crime risks.
• Provide practical case studies and guidance to ensure staff can recognise and respond to fraud threats.
• Providing advice when required on Fraud related regulation and IBP related policies.

• Core skills and knowledge    

• Extensive hands-on experience in Fraud within a UK-regulated financial institution. Experience in AML/CFT, ABC and Sanctions is highly desirable but not essential.
• A good understanding of potential financial crime risk at a business unit level.
• Ability to interpret regulatory requirements and analyse the impact to Investec Bank plc and its subsidiaries
• Report and policy writing skills
• Training and presentation skills
• Project management skills
• Ability to communicate at all levels and with a variety of stakeholders
• Relevant industry qualifications (such as the ICA Diploma level within Financial Crime)
• To always act with integrity and embrace the philosophy of treating our customers fairly
• Strong work ethic and able to work on own initiative

Regulatory knowledge that currently apply:

• FCA Handbook
• UK Money Laundering Regulation
• Criminal Justice Act
• Terrorist Acts
• Proceeds of Crime Act (POCA)
• Joint Money Laundering Steering Group Guidance Notes
• Bribery Act
• Fraud Act

Any other attributes that would be helpful, but not essential for the role.    

•    Ability to multitask and prioritise 
•    Strong administrative skills
•    The candidate must be prepared to travel overseas, if required.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme 

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Recite Me

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the ‘Accessibility Options' link at the top of the page.

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If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.