Manager - Financial Crime Compliance (Transactional)

Job summary

The Division

Financial Crime Compliance (FCC).

The role sits within FCC, which forms one of the three Divisions within UKEF’s Legal, Environmental & Social and Compliance Group ("LEC").

FCC’s primary purpose is to assist the Department in identifying, understanding, managing and mitigating risks related to financial crime. FCC provides advice to the Department in respect of these risks and in support of UKEF achieving its commercial objectives.

Job description

About the Role

The role of the Financial Crime Manager includes:

1. Providing high-quality written and oral analysis (in the context of UKEF’s policy framework, FCC risk appetite, role and remit) to avoid the Department supporting transactions which are unlawful or contrary to government policy, and to mitigate and manage the risk of financial loss and/or reputational damage associated with supporting transactions that may have been obtained corruptly or involve financial crime; and
2. Making robust, defensible and consistent recommendations to senior management arising from that analysis. The recommendations include the approach that UKEF should take to the specific issue as well as the approach that may be needed to account for any wider implications (e.g. changes to policies/Risk Appetite Statement/etc.).
3. Other activities as directed by the Head of Division or Line Manager.

Main Activities

Leadership and Management

• Play a role as part of Legal and Compliance Group, in the provision of high-quality analysis in the identification, understanding, management and mitigation of financial crime risks with timely and comprehensive advice and/or recommendations provided as well as promoting best practice in the area of Financial Crime Compliance across the Department, to help ensure that UKEF keeps Risk and Compliance at the heart of its transactions.
• The role may include oversight of more junior posts, ensuring the delivery of high-quality services and supporting team members’ career development.
• Support the Head of FCC in managing and promoting FCC, including, for example in ensuring that financial crime issues are considered at UKEF’s Enterprise Risk & Credit Control meetings (ERiCC).

Transactional analysis

• Undertake in depth analysis, identifying, understanding, managing, and mitigating potential financial crime issues which arise on UKEF transactions, in the context of UKEF’s policy framework, RAS, role and remit.
• The role will include working with a Customer Relationship Management System (CRM) / Different Screening Providers.
• Provide senior management with high quality written and oral analysis on the above.
• Review and quality assure analysis work undertaken by other more junior members of the team.
• Make robust, defensible and consistent recommendations to senior management arising from the analysis work undertaken. The recommendations should include the approach that UKEF should take on specific issues as well as the approach that may be needed to account for any wider implications (e.g. policy, RAS, commercial considerations etc).
• Ensuring that recommendations and decisions are recorded accurately and in a timely manner.
• All of the above must take into account the commercial timescales to which UKEF operates such that FCDD does not act as an unnecessary “brake” on business.
• Assist in the ongoing and periodic review of the RAS, taking into account transactional analysis work.
• Decision making based on recommendations made to senior management by more junior members of the team (accounting for wider implications e.g. policy, RAS, commercial considerations etc).
• Take an active role in the ongoing and periodic review of the RAS, considering transactional analysis work.
• Take an active role in undertaking horizon-scanning to help ensure that UKEF is aware of developments in the wider financial crime landscape.
• Take an active role in liaising with Other Government Departments (OGDs) and law enforcement agencies to ensure that UKEF is informed of issues that may affect its compliance approach.
• Other activities as directed by the Head of Division or Line Manager.

Training

• Assist with ensuring that training resources both within FCC and for other areas of UKEF are developed and maintained to a high standard, reflecting the financial crime risks that UKEF is subject to.
• Assist with seeking and promoting relevant learning opportunities.
• Seek feedback on the training provided and make recommendations for improvements as needed.

Policies, Processes and Procedures

• Although the focus of this post will be supporting FCC in its role of identifying, understanding, managing and mitigating risks related to financial crime, the post-holder may be expected to work alongside FCC colleagues to contribute to the UKEF policies relating to financial crime, taking into account transactional analysis work to ensure that such policies are fit for purpose, effectively operated, and consistent (as appropriate given UKEF’s role and remit) and support in the implementation of UKEF policies and practice.
• Contribute to the review of FCC processes and procedures.

Representation

Play a full and active leadership role in engaging, and seeking opportunities for engagement, with

1. other Government Departments and public bodies;
2. industry (exporters and the Financial Services Sector); and
3. other Export Credit Agencies
4. to move to an ‘intelligence led’ Division.

The list of main activities is not exhaustive; you may be required to carry out additional duties according to business need.

Person specification

UK Export Finance is looking for motivated individuals with a desire to learn about the business. Successful candidates will be provided not only with functional training to enable them to do well in their role, but also with personal development to help them to achieve their career ambitions. Please note that the person specification below outlines at which stage(s) you will be assessed on how you meet the criteria for the role(s) including:-

A = assessed at application stage I = assessed at interview stage T = assessed by technical stage

Essential

Qualifications

• Relevant qualification (International Compliance Association or equivalent) (A)
• Evidence of continuing professional development (A)

Knowledge

The postholder must have, or demonstrate the ability to quickly obtain;

• A full knowledge of UKEF’s domestic statutory, regulatory and policy framework and the context of how government operates and UKEF’s place in it (T, I)
• A full understanding of the areas of Financial Crime of most concern to UKEF, and ways to mitigate the risks to UKEF (A,T, I)
• A full understanding of OECD requirements placed on Export Credit Agencies relating to anti-bribery and corruption matters (A, I)

Skills/Ability

• Outstanding strategic thinker with an analytical yet pragmatic approach to problem-solving (A, I)
• Excellent analytical skills, with the ability to identify unintended consequences and resolve commercial/ policy/procedural conflicts (A, I)
• Ability to work confidently with uncertainty and the ambiguous and lead others in doing the same (A, I)
• Outstanding relationship-building and influencing skills, with a proven ability to i