Manager, Fraud and Financial Crime Risk
Company
Location
London, England, United Kingdom
Posted At
8/1/2025
Disclaimer: Hunt UK Visa Sponsors aggregates job listings from publicly available sources, such as search engines, to assist with your job hunting. We do not claim affiliation with British Business Bank. For the most up-to-date job details, please visit the official website by clicking "Apply Now."
Description
Location: London / Hybrid Working
(Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Band: £38,500 - £55,000 Depending on Experience (Sheffield)
Please note that any same band moves will not pose any salary increase
Key Benefits
Click here for a complete list of benefits
This second line of defence (2LoD) role will manage the design, development and ongoing monitoring of the British Business Bank’s Fraud and Financial Crime Risk Management arrangements to ensure these are aligned with the Bank’s Risk Appetite and applicable legal and regulatory requirements.
You will provide independent and objective oversight and monitoring of the Bank’s suite of Fraud and Financial Crime Policies covering Anti-Money Laundering and Countering Terrorist Financing, Sanctions Compliance, Anti-Bribery & Corruption, Fraud Risk Management, Market Abuse and Tax evasion and manage the annual review and ongoing maintenance of the Bank’s Fraud and Financial Crime policies and standards ensuring they are aligned with business requirements and meet applicable legal and regulatory obligations.
You will also support the Director, Fraud and Financial Crime to fulfil the role Deputy Money Laundering Reporting Officer (DMLRO) for BBB Group, and as subject matter expert, work closely with the first line of defence, including Fraud & Financial Crime (F&FC) Operations and any agents of the Bank, to review AML due diligence escalations (e.g. Sanctions / PEPs and Adverse media) and where necessary make recommendations for the Bank’s MLRO/DMLRO to approve/decline in line with the Bank’s Financial Crime Policy and Risk Appetite
With a detailed operational knowledge and understanding of the UK regulatory and legal requirements regarding fraud and financial crime, you will also have experience in translating legislation or legal advice into clear business-focused procedures, guidance and training and in a fraud and/or financial crime management position within financial services or an FCA regulated firm, ideally across both 1/2LoD.
About British Business Bank
Please click here to view the full job description
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.
Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.
With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.
As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).
At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.
As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
(Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Band: £38,500 - £55,000 Depending on Experience (Sheffield)
Please note that any same band moves will not pose any salary increase
Key Benefits
Click here for a complete list of benefits
- 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
- 15% employer pension contribution
- Flexible working
- Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
- Paid voluntary days, maternity, paternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more
This second line of defence (2LoD) role will manage the design, development and ongoing monitoring of the British Business Bank’s Fraud and Financial Crime Risk Management arrangements to ensure these are aligned with the Bank’s Risk Appetite and applicable legal and regulatory requirements.
You will provide independent and objective oversight and monitoring of the Bank’s suite of Fraud and Financial Crime Policies covering Anti-Money Laundering and Countering Terrorist Financing, Sanctions Compliance, Anti-Bribery & Corruption, Fraud Risk Management, Market Abuse and Tax evasion and manage the annual review and ongoing maintenance of the Bank’s Fraud and Financial Crime policies and standards ensuring they are aligned with business requirements and meet applicable legal and regulatory obligations.
You will also support the Director, Fraud and Financial Crime to fulfil the role Deputy Money Laundering Reporting Officer (DMLRO) for BBB Group, and as subject matter expert, work closely with the first line of defence, including Fraud & Financial Crime (F&FC) Operations and any agents of the Bank, to review AML due diligence escalations (e.g. Sanctions / PEPs and Adverse media) and where necessary make recommendations for the Bank’s MLRO/DMLRO to approve/decline in line with the Bank’s Financial Crime Policy and Risk Appetite
With a detailed operational knowledge and understanding of the UK regulatory and legal requirements regarding fraud and financial crime, you will also have experience in translating legislation or legal advice into clear business-focused procedures, guidance and training and in a fraud and/or financial crime management position within financial services or an FCA regulated firm, ideally across both 1/2LoD.
About British Business Bank
Please click here to view the full job description
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.
Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.
With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.
As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).
At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.
As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
Hunt UK Visa Sponsors
Copyright © 2025