Financial Crime Consultant

email me jobs like this
17 September 2020
Phoenix Group
Location: Edinburgh
Salary: £45,000-£49,000
Share this:

Job Description

£45,000-£49,000 + Benefits (depending on experience)

Based Edinburgh

A new start calls for new thinking and new solutions. So if like us you are all about positive change and innovation, simplification, and delivery all targeted at what is best for the customer then youll find that we both have a lot to look forward to.


The Intelligence and Investigations Team (part of Group Risk Financial Crime team) sources and assesses intelligence and disseminates this to the business and OSPs to act upon and strengthen the prevention of criminal activity. The team also sets the parameters within the screening system to look for PEPs and sanctioned parties within the book and maintains the lists of PEPs which have to be kept. It undertakes the annual risk assessment and also investigates all reports of suspicious activity sent in from the business and OSPs. Using iBase, an industry standard tool, the team develops techniques to look for commonality between policy holders where there are potential indicators of financial crime.



Use the data available within the Phoenix Group to develop techniques and systems to improve financial crime detection.

Deputising for the Intelligence & Investigations Manager at meetings.

Manage and maintain iBase usage, including data fields and queries providing training to other team members.

Utilise trends within management information to determine if customer monitoring is effective.

Evaluate the source of escalations from first line and OSPs to determine if systematic monitoring is effective and provide guidance for its improvement 

Manage investigations

Review escalated cases including transaction monitoring referrals from first line and OSPs.

Specialist input where needed on Court orders such as advice for first line and the provision of witness statements

Complete investigations on and submit suspicious activity reports (SARs) to NCA within timescales detailed in the FC Policy

Engage with all stakeholders to promote the awareness of financial crime prevention as a key regulatory requirement.

Look for potential cases to investigate using bulk data analysis techniques.

Manage Law Enforcement and external agencies for witness statements and the progress of cases so that they are always provided with the right and up to date information to progress any prosecution or recovery action.

Document and maintain the Phoenix FCT processes for investigations and the intelligence standard.

Determine what needs to be reported to NCA and undertake disclosure reporting of SARs.

Undertake whistleblowing investigations related to financial crime.

Maintain Financial Screening and Monitoring Settings

Financial Crime Prevention relies on screening to identify customers of higher risk and the system settings need to be reviewed to ensure that they remain relevant to the data and the lists being used. Data needs to be obtained to undertake this review on a regular basis.

The same applies for customer/transaction monitoring and the settings within the system must be maintained or adjusted in response to any identified new crime threat.





Experience in a financial services analytical environment or similar, ideally within a financial crime team.

Knowledge of the Financial Crime investigative process.

Proven analytical skills and judgement and reasoning ability.

Knowledge of the application of the Proceeds of Crime Act and SAR reporting, as well as Terrorism Act and Fraud ActStrong Organisation.

Strong planning skills with the ability to manage and priorities tasks.

Ability to work on own initiative with limited supervision and be self-directing, including the ability to work under pressure and meet deadlines.

Excellent communications skills with the ability to develop positive and sustainable working relationships with the broad range of individuals and groups.




Understanding of Life and Pension products

Knowledge of IBM i2 products (including creating queries, production of reports and MI)

Knowledge of screening systems such as Oracle Watchlist Screening (OWS)


When you join us your rewards and benefits will be one of the best in the market - Its a great way to look after your future. Core benefits include a salary reviewed annually with performance related bonuses, generous holiday entitlement and pension provision, and healthcare. We also offer a wide range of flexible benefits to suit your lifestyle in and out of work. Together, we have a lot to look forward to.

We value diversity in our workforce and welcome enquiries from everyone.

Closing date: Thursday 17th September 2020.

Work Permit:

All applicants must be based in the UK and confirm that they are able to prove their eligibility to work in the UK.