EC Control and RACI Inventory Manager

Job Description

Business Unit: Financial Crime & FraudSalary range: £54,800 - £68,500 per annum, depending on experienceGrab onto your Virgin Money adventureJoin Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re on the lookout for like-minded individualsand innovators to help drive our strategy forward. We’re also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.Its an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification,ownership, management and control.In this new role, you’ll be responsible for leading the integration of the VM risk optimisation in the first line of defence helping the bank to effectively manage financial crime risk and protect its customers. You’ll have oversighting and reporting theEconomic Crime (EC) taxonomy framework to determine residual risk and control status at each level. This includes risk and control profile reporting, issues/actions management and reporting through various governance. In addition, you’ll manage the RACI inventoriesfor BAU activities.You’ll be a Financial Crime expert as you positively challenge the leadership team in Economic Crime including Operations Service Delivery Management, Risk Operations and Fraud and Financial Crime (FC) Analytics to ensure reporting adds value and accuratelypresents risks.Here’s what it means for YOU:

• 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
• Up to five extra paid well-being days per year
• A 35-hour working week
• 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market leading Pension & Private Medical Insurance
• Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
• Ability to work anywhere in the UK (where the role allows)

And you get these Red-Hot Rewards from day one!We’ll ask you to...

• Ensure effective risk profile and reporting
• Leading on oversight and reporting of the EC risk taxonomy
• Review and challenge commentary provided by Senior Managers in Operations Service Delivery Management, Risk Operations and Financial Crime Analytics to ensure the quality of papers
• Ensure an efficient flow of information across the organisation
• Manage internal information requests from stakeholders including the business and the second line of defence
• Escalate any control failures, risks, issues through formal governance
• Coordinate and draft inputs for standing EC and business risk committees and forums with the audience including the Money Laundering Reporting Officer and Senior Managers with responsibilities in fraud and financial crime
• Manage and report progress of actions flowing from governance forums related to your area/roles/responsibilities

There are a few essentials you need to bring...

• An understanding of EC Risk and control frameworks, managing component parts
• Solid Knowledge of risk management including risk terminology and methodology
• Demonstrable experience of successful risk optimisation
• A strong EC risk background with preferable experience in RAS, BWRA input and drafting
• Strong understanding of the EC legal and regulatory landscape
• Ability to report and escalate EC risk issues
• SME knowledge so you can raise difficult issues with senior management as a result of gaps and issues identified
• Knowledge and experience of managing RACI inventories

The icing on the cake would be…

• Knowledge of wider financial crime risks, threats and UK bank landscape

We really need you to have the skills and experience listed in the There are a few essentials you need to bring’ section above, but the rest is just our wish list, so please don’t let that put you off applying, we’d love to hear from you!Feeling insatiably curious about this role Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.Were all about helping you Live A Life More Virgin, so happy to talk flexible working with you.Inclusion at Virgin MoneyInclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds tobe the best we can possibly be. Got any questions about this or need some support with your application We’d love to hear from you so get in touch with our careers team at careers@ virginmoney.comNow the legal bit…Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we’ll need to you to confirm you have the Right to Work in the UK.If you’re successful securing a role with us, there are some checks you need to complete before starting. This includes a credit and criminal record check, as well 3 years worth of satisfactory references. If the role is part of the Senior Manager and CertificationRegime, it requires enhanced pre-employment checks - we’ll ask for 6 years of regulatory references and once in role, you’ll be subject to periodic employment checks.