Financial Crime Risk Manager

Aegon Asset Management ,
Edinburgh, City of Edinburgh
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Job Description

Summary Job Description The Risk function is part of the second line of defence under the three lines of defence model. Risk Management brings independent challenge and review to the business's operations and strategic initiatives. Regulatory Risk is an integral part of the AEGON UK Risk function, responsible for setting the policy, strategy and direction of the Group's regulatory risk prevention programme, helping protect our customers, staff and shareholders against direct or indirect loss attributable to financial crime or data security breaches Working within AEGON's operational risk framework the Financial Crime team who are part of the Regulatory Risk team oversees the identification, assessment, reporting and challenge of financial crime risks across all UK business units. It also helps support the first line of defence in their delivery of an effective control framework, by providing technical support, guidance and threat intelligence. The job holder participates in the development of appropriate control processes in place in AEGON UK business units, and compliance with legal and regulatory obligations in respect of Financial Crime. To ensure that AEGON UK Financial Crime Risk is effectively managed, through: * Assisting in the development and implementation of relevant Policies. * Assisting in the implementation of the relevant infrastructure and oversight framework providing subject matter expertise input to this process. * Provide expert technical advice on the operation relevant controls and risk management. * Overseeing relevant incidents and breaches ensuring management information produced that informs and supports appropriate actions. * Inputs to governance reporting on the extent of compliance with relevant regulatory requirements * Leading relevant Financial Crime investigations. * Analysing legislative changes and providing expert guidance to the business. * Supporting the broader regulatory environment and assisting in this where necessary to support the department * Being an effective communicator to business management, recognising commercial constraints. Key Tasks: * Supports the development of the Financial Crime strategy including development of policy, associated guidance and relevant control framework, by providing SME input to ensure it supports business needs and compliance requirements effectively. * Supports strategic projects by providing financial crime and data security input to to ensure strategic initiatives are delivered compliantly and to a high standard. * Provides expert guidance, advice and opinion to business units to ensure on-going compliance with Financial Crime requirements requirements * Performs challenge, oversight and assurance of business units' compliance with Financial Crime to assess the effectiveness of controls. Use key metrics, analysis and industry best practice to inform a risk based approach to this work. * Leads the investigation and resolution of Financial Crime issues. Engages with Senior Managers across the organisation and is able to deliver challenging messages in a constructive and clear manner to ensure appropriate actions are taken * Inputs to regular reporting of Financial Crime activities to governance committees and management as necessary, highlighting areas of concern and analysing complex data to identify and interpret trends. * Supports the development of Financial Crime awareness strategies based on subject matter expertise and information gleaned from peers, industry bodies and upon the development of the regulatory environment (ensuring that knowledge is kept up to date) Skills: * Knowledge UK Financial Crime landscape including legislative and regulatory standards * Knowledge of current fraud and threats to a digital business * Able to demonstrate the link between risk management and corporate objectives * Excellent written and oral communication * Ability to influence and negotiate at a senior level * Analytical capability including the ability to monitor and review to ensure active enforcement * Planning and organisational skills with the ability to manage multiple tasks and effectively prioritise when faced with competing priorities * Excellent stakeholder management skills * Strong personal credibility with the confidence to challenge senior management Knowledge: Business: * Knowledge of the AML & Fraud risks within a Finaancial Serices * In depth knowledge of the financial services sector Technical: * Detailed working knowledge of Financial Crime legislation * Detailed knowledge of risk assessment and risk management techniques and their application * Maintain an up to date expert knowledge of current business and industry issues and initiatives. * Maintains knowledge of new technology and services * Detailed knowledge of investigations and monitoring and assurance processes Experience: * Experience of working in information financial crime or regulatory risk * Strong financial services experience * Management experience, i

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