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 forms part of the Firm's 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 the Firm from financial crime risks.

Description of the role and key responsibilities:

• Swiftly investigate referrals to Financial Crime from the business update concerning potential suspicious activities, high-risk payments, Fraud and confirmed sanctions matches.
• Oversee and the AML, CTF, and Sanctions policies, along with all pertinent PEP procedures, while delivering advice to the business and relevant stakeholders on implementing these policies and procedures to reduce the Firm's Financial Crime exposure.
• Supervise and sustain all applicable training initiatives from an AML, CTF, PEP, Sanctions and Fraud viewpoint to fulfil the training requirements of the Business and other stakeholders effectively.
• Monitor regulatory and legislative changes, as well as industry best practices, related to AML, CTF, PEPs, Sanctions and Fraud; recommend or integrate essential improvements into the Firm's financial crime framework.
• Evaluate and authorise all relevant financial crime risk assessments from an AML, CTF, PEP, Sanctions and Fraud perspective in conjunction with other relevant stakeholders (i.e. Assurance).
• Advise on relevant PEP, Sanctions and Fraud tools to guarantee adherence to mandatory screening protocols and suggest or implement potential upgrades to the monitoring frameworks, working with other stakeholders (e.g., Analytics).
• Develop and maintain effective relationships throughout the Firm on behalf of the Financial Crime team.
• Support the ongoing evolution of the Financial Crime framework and contribute to shaping the team's strategic priorities.
• Ensure that reasonable requests for information from regulators and Law Enforcement Agencies are executed, e.g. FCA requests for information, thematic review participations, Court / Production Orders, Asset Freeze orders.
• Conduct Transaction Monitoring, including for pilot/new products.
• Actively probe external Financial Crime incidents to assess any possible implications for the Firm.
• Manage the Sensitive High Risk and Enhanced Monitoring client data set, including required reviews and reporting.
• Oversee the Clients of Interest process throughout the Group.

Core skills and knowledge:

• Extensive experience in AML/CTF, ABC, and Sanctions within a UK-regulated financial institution. Experience in Fraud is highly desirable but not essential.
• Proficiency in interpreting regulatory requirements and aligning them with business objectives.
• Demonstrated experience in report writing.
• Strong communication skills, capable of engaging effectively at all levels and with diverse stakeholders.
• Possession of relevant professional qualifications in the industry (e.g., ICA Diploma in Financial Crime).
• Commitment to upholding integrity in all actions and embracing the principle of treating customers fairly.
• Robust work ethic with the ability to operate independently and take 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.

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

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.