Financial Crime System and Analytics Lead
Closing Date: Wednesday 29 November 2023
Who we are:
Vanquis Banking Group has a rich history dating back to 1880. The company was founded in Bradford by Joshua Kelley Waddilove as The Provident Clothing and Supply Company to help people access finance and goods they couldn’t get from traditional lenders.
Today, Vanquis Banking Group is a FTSE All Share company listed on the London Stock Exchange with around 1.6 million customers and plays the same role in people’s lives today as it did when it was founded.
Vanquis Banking Group is a unified group made up of two brands: Vanquis (cards and loans) and Moneybarn (vehicle finance). While they offer different products and services, they share the common purpose and customer-centric values at the heart of our group. We understand our customers are real people with varied life experiences, so everything we do, from our products to our customer experience, is designed with this in mind.
You and Your Team:
Reporting to the Senior Financial Crime Risk Manager, in this role you will develop the Group’s financial crime surveillance technology for high-risk customer screening and transaction monitoring, providing technical oversight and leads on surveillance technology innovation projects and change.
In your day-to-day role as a Financial Crime Systems and Analytics Lead, you will:
- Lead and manage projects that impact the group’s surveillance technology to ensure the business is provided with appropriate guidance to meet its financial crime obligations. Including formulating and developing requirements, data mapping, and developing efficient and effective process and procedure workflows and controls. Implement harmonisation of surveillance strategies across product lines.
- Identify and implement opportunities for process efficiencies and contribute to workflow/process change redesign, forming a good understanding of the specific product or process.
- Act as the data and configuration SME and lead on key refinement activities such as screening reviews from independent external parties; and investigate, analyse, and review the effectiveness of the Transaction Monitoring Rules. Make recommendations to the MLRO on appropriate and risk-based amendments to the strategy.
- Manage and update the configurations and thresholds as well as any custom lists for the banks surveillance systems (VBL, Moneybarn, and Gateway) and the auto-alert closure process via regular tuning to ensure regulatory compliance and optimum operational efficiency.
- Make risk-based proposals based on new rules, settings, logic, and thresholds in line with the group’s commitment to identify, detect, and prevent money laundering and terrorist financing.
- Produce and present detailed reports to governance committees such as the Financial Crime Change Forum, which is attended by management up to SMF-level from the 1st and 2nd lines of defence, if changes and/or efficiencies are identified.
What you will bring to the team:
- Deep practical knowledge of using SQL, SAS, or Python in an analytical role.
- Excellent written and verbal communication skills; ability to write clear and concise reports; influence, negotiate, and constructively challenge
- Proven ability to effectively plan and organise work and prioritise deadlines while working at a fast pace
- Ability to analyse multiple sources of information and exchange ideas in a concise and logical way.
- Banking or consumer credit experience within a financial crime environment
- A good working understanding and knowledge of the financial crime requirements of the bank, including the Proceeds of Crime Act, Money Laundering Regulations, and the Data Protection Act
- Highly competent in all standard Microsoft Office applications, with expert knowledge of Excel, and able to demonstrate proficiency with formulas and VB macros.
The satisfaction of working for a successful and ethical business that is here to help people is a big benefit of joining us, but it is not the only one. We will invest in your development, giving you the support and training to become better and better at your job. We take work-life balance seriously, with plenty of flexible working options. Working in a bright and refreshingly relaxed environment, you will find your opinions valued and listened to.
On top of all this, we will give you a package including:
- Discretionary annual bonus
- Hybrid working is considered
- Up to 30 days of holidays in addition to bank holidays
- Pension Scheme with matched company contributions up to 5%
- Private medical insurance
- Extensive opportunities for personal and career development
- Opportunity to grow, develop, and learn
- Colleague Perks at Work discount platform
- Season ticket loan
- 1 paid day to ‘give back’ to local communities or a chosen charity
We strive to constantly improve the way we look after our people, and we have created an environment where everyone feels valued and can be themselves. We know that by having a better, more inclusive culture and a diverse group of colleagues, we can support our customers and each other in the best way possible. We also believe this goes a long way towards helping us live our purpose and defines why we’re here in the first place: to help put people on a path to a better everyday life.
We’re an equal opportunities employer, and we want people to join us no matter how they identify, their sexual orientation, marital or civil partner status, race, colour, nationality, ethnic or national origin, religion or belief, disability, or age.
We want to attract and retain the best people. So, we make sure that, if people need it, they’re given all the extra support and reasonable adjustments to take part in any part of our application or interview process. We’ve also got lots of colleagues who choose to work flexibly, so please feel free to talk to us about how you prefer to work at any time.
We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.