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Economic Crime Advisory & Oversight Manager

Apply now Job no: 073010
Work type: Permanent Full Time
Location: England, Remote - work from anywhere within the UK, Scotland, Remote - work from anywhere within the UK
Categories: Risk

Business Unit: Risk, Financial Crime
Salary range:  circa up to £68,500 depending on experience
Location: Remote with the option to work in any of our offices/hubs around the UK
Contract Type: Full-time Permanent

Your life more Virgin starts here

Virgin Money is all about disrupting the status quo, taking on the challenges of the future, and saying goodbye to boring banking. We’re on the lookout for like-minded individuals and innovators like you to help push us forward. We’re also transforming how we work to give our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.

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 have an exciting opportunity for an Economic Crime professional to join our 2nd line Economic Crime Advisory & Oversight team.  You’ll be a primary point of contact in respect of Anti-Bribery and Corruption (ABC) and the Corporate Offence of Failure to Prevent the Criminal Facilitation of Tax Evasion (FoTE) and will assist the Economic Crime Advisory and Oversight Senior Manager in respect of Anti-Money Laundering (AML).  This is a key role in providing advice/guidance to the business and in respect of overseeing, checking and challenging the control framework.

Here’s what you’ll be doing: 

  • Ensuring that VMUK’s Economic Crime Policies and Standards are understood, with a high quality of advice and oversight provided (with a primary focus on ABC and FoTE) to the business to ensure VMUK’s compliance with legal and regulatory requirements whilst understanding the application of proportionality / a risk-based approach and the desire to fulfil an excellent customer experience aligning to our strategy and risk-appetite
  • Supporting the Economic Crime Advisory and Oversight Senior Manager in relation to AML advisory and oversight matters
  • Overseeing the Economic Crime framework and ensuring that any risks are escalated appropriately, and that our controls are both adequately designed and performing effectively
  • Providing check and challenge in respect of our Business Wide Risk Assessment (BWRA) and Risk Control Self-Assessment (RCSA) processes
  • Building and maintaining close relationships with key stakeholders across the business to ensure that Economic Crime risks and trends are considered, with action plans put in place where relevant
  • Working closely with 1st line Economic Crime Operations – ensuring any issues are flagged appropriately e.g. via Governance and providing advice where required
  • Assisting (and deputising for) the Economic Crime Advisory and Oversight Senior Manager in attending business ExCos and other Governance forums to ensure the business are aware of any changes to the regulatory, legislative or policy framework, and to ensure any Economic Crime issues/risks/events are understood and logged in our risk reporting system and tracked accordingly
  • Attending key industry forums to ensure VMUK’s Economic Crime framework is fit for purpose and remains in line with industry best practice

To be brilliant you must have:

  • Experience of working in a similar role within financial services
  • A good understanding of the legislative framework in respect of ABC and/or FoTE and control frameworks
  • A good understanding of AML requirements, regulatory expectations, and control frameworks
  • Strong communication and report writing skills with knowledge of Governance
  • The ability to engage and influence at a senior level

It’s a bonus if you have…

  • An ICA Economic Crime related Diploma (or equivalent)
  • Experience of working in an Economic Crime Policy role and the understanding of how legislative and regulatory requirements and industry guidance transpose down into Policy and how control frameworks are thereafter implemented and tested to ensure they are adequately designed and performing effectively
  • A good network across the Economic Crime industry

We really need you to have the skills and experience listed in the ‘ To be brilliant you must have’ 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!

Inclusion at Virgin Money

Inclusion 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 to be 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

Now 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 will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.

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Applications close: GMT Daylight Time

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