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 CACIB’s 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

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.

• University Degree or equivalent
• Money laundering, Financial Crime or Sanctions qualification (ACAMS, CGSS, ICA Advanced/Diploma Certificates)

• 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.
• Practical 2LoD experience in advising on AML/Sanctions matters on corporate/investment banking clients and products (international trade incl. trade finance, corporate financing, transaction banking, capital markets etc.).

• 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.
• Good working knowledge of MS Office (PowerPoint, Excel).

• Knowledge and application of ECCTA 23, UK Money Laundering Regulations, JMLSG and FCA guidance.
• Knowledge of the new Economic Crime and Corporate Transparency Act 2023 and the new Failure to Prevent Fraud Offence.
• An understanding of fraud prevention, mitigation within a corporate environment (preferably Corporate Investment Bank).
• Experience working on large scale risk assessments and project/programme implementation is important.
• The role will suit an individual who is flexible regarding working on multiple tasks, proactive and takes ownership of the tasks assigned to them.
• Good understanding of investment banking products/services, including trade finance, international trade, finance and capital markets products.