Back
Apply now

Financial Crime Controls Specialist

As a Financial Crime Controls Specialist, you will support the planning and delivery of compliant Financial Crime procedures, systems and controls across Argos Financial Services & Sainsbury’s Bank. You will also support the implementation and maintenance of a Financial Crime risk assessment model, and will provide technical advice and guidance on the planning, scoping, and subsequent implementation of actions needed to resolve Financial Crime related gaps, issues and incidents. Please be aware that there is scope for this role to be based from our Argos Financial Services office in Bolton, or from our Sainsbury’s Bank Head Office in Edinburgh.

You will be joining Argos Financial Services where our aim is to make life better every day for Argos customers. We help customers afford and protect what matters most, offering products and services including Credit, Warranties & Insurance. We are part of Sainsbury’s Bank, part of the wider Sainsbury’s group, we’re an exciting and growing organisation and as our customers seek more innovative services and technology, being part of one of the UK’s most trusted brands brings our colleagues exciting opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

As a Financial Crime Controls Specialist, you will:

Set and maintain 1st line function procedures.
Review and sign off both in-house and outsourced supplier procedures relevant to Financial Crime, to ensure compliance with our Policies and Standards.
Carry out 1st line Financial Crime review and sign-off of all new products or delivery channels.
Draft and submit any requests for waivers or exceptions to Policies or Standards to 2nd line function for approval.
Be the primary point of contact with suppliers on local application and interpretation of our Policies and Standards (involving 2nd line function as required).
Coordinate the delivery of the annual Financial Crime Risk Assessments for Sainsbury’s Bank, pulling in additional data from suppliers as required. You will also refresh the relevant parts of the Risk Assessments following material changes to core: business products, delivery channels, processes, controls or operations and consider the outputs of the firm level Risk Assessment process, when undertaking the annual Financial Crime training needs analysis and plan.
Own and complete the annual Financial Crime training plan (and training needs analysis) covering all aspects of our in-house and outsourced operations. You will also carry out the central tracking, escalation and internal reporting of the progress and delivery against the annual training plan.
Annually review and approve core Financial Crime related training material for use by colleagues of the business and outsourced supplier staff working with our products or our customers.
Collate a consolidated quarterly 1st line formal update and assessment of Financial Crime controls, projects and issues to senior and 2nd line stakeholders.
Act as secretariat for the formal monthly Financial Crime coordination meetings between 1st line and 2nd line functions.
Advise our Risk champions on the severity, rating, owner, action plan and completion date in relation to all Financial Crime related issues due to be loaded onto the Accelerate System. You will refer all issues at or above a predetermined severity rating to the 2nd line function for approval.
Oversee the process of scoping, delivery and subsequently tracking implementation of all remedial action needed to ensure our business is compliant. You will actively escalate all concerns to the our MLRO.

As a Financial Crime Controls Specialist, you will have:

A minimum of 1 years’ experience of working as a Financial Crime Practitioner in either a 1st or 2nd line function within a Financial Services environment, a 3rd line Financial Services audit function or a specialist Financial Crime consulting firm.
Strong level of understanding of law, regulation and good practice in at least two of the following Financial Crime disciplines; Fraud Risk Management, Anti Money Laundering (AML), Sanctions, Anti-Bribery & Corruption (ABC).
Resilience and the ability to influence at all levels, including at a Senior Management level.
Strong inter-personal skills and can nuance a message to reflect recipients and circumstances.
Strong report writing and presentation skills.
Attention to detail.

As well as the opportunity to join a great team you will also receive a competitive salary, 24 days’ holiday, and a range of other great benefits.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check and employment references.

Apply now