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A global investment bank is partnering with RTS in recruiting a Fraud Project Implementation Officer for a 6-month fixed term contract. (pro-rata)
This is a newly created role due to a recent change in legislation. They are based in Liverpool Street and offer hybrid working with 3 days attendance per week required.
Working under the direction of the Head of Fraud and Complex Investigations on multiple work streams as part of the Banks implementation of the new Failure to Prevent Fraud offence (under the Economic Crime and Corporate Transparency Act (ECCTA) 2023), including the Fraud Risk Assessment as well as planning and delivery of other 5 principles relating to ECCTA 2023.Â
The role would suit someone with a background in fraud or financial crime across banking, consultancy, law enforcement or legal sectors.
Main Role Responsibilities
Implementation of the new Failure to Prevent Fraud Offence
Project gap analysis - to undertake an initial pre risk assessment analysis of the project implementation based on the six principles featured in the Governments ECCTA guidance to familiarise themselves with their current Fraud framework and produce a project plan for the implementation phase.
- The six ECCTA principles are:
- 1. Top Level Commitment
- 2. Risk Assessment
- 3. Proportionate risk based fraud prevention policies
- 4. Due Diligence,
- 5. Communication/Training and
- 6. Monitoring and review
Risk Assessment – To lead on a London Branch wide Fraud Risk Assessments, to map risks presented under the new offence, controls already in place, as well as gap analysis to identify measures, policies, procedures, controls that require updating/strengthening.
- This will involve the collection of data from all business lines and support functions across the London Branch, review of collected data alongside nominated SME staff from each department.
- Working to develop relevant Fraud typologies for each department considering the three elements of the fraud triangle – Opportunity, Motive, Rationalisation.
Reporting - Producing an end of assessment report detailing the current risk status of each department as well as any additional mitigating work required, that may include policy, process or guideline updates as well as communications, training and details of ongoing reviews required.
Implementation – to assist departments to implement updates and changes as required/identified during the fraud risk assessment.
The ideal candidate
- Practical experience and knowledge of fraud and its impact in a corporate environment/investment bank;
- Practical hands on experience of leading or undertaking company/branch wide risk assessments, to map risks and controls as well as gap analysis and identifying measures that require updating/strengthening.
- Strong analytical skills with excellent attention to detail;
- Ability to communicate effectively and work with the banks senior management functions.
- Resilience and ability to work under pressure;
- Flexibility and adaptability to change;
- Clear and concise verbal and written communication.
If you have the right skills and experience suitable for this position, apply now and we’ll be in touch.
