Deputy Money Laundering Reporting Officer

Working at the Cumberland, you become part of something special. We’re a Mutual organisation, committed to improving the lives of our colleagues, customers, and community. Our values are incredibly important to us.

We’re on an exciting transformational journey with our people firmly at the forefront of our plans. If you want to work for a team integral in helping to drive cultural change, a team where you can bring your whole self to work bringing your energy and creativity to make a positive difference, then this is the job for you.

Reporting to the Money Laundering Reporting Officer, this Second Line of Defence role is responsible for assisting and deputising for the MLRO in the design, documenting, implementation, and enhancement of the Financial Crime Risk Management framework (specifically AML, Sanctions, CTF and ABC). This includes the Fraud and Financial Crime policy, completing the Business Wide Risk Assessment and ensuring that Financial Crime training is fit for purpose.

**The Benefits**
- ** Salary -**up to £55,346 p.a. - depending on skills and experience.
- ** Holidays** - 25 days holiday plus public holidays and the opportunity to buy and sell up to 2 days.
- ** Learning and** **Development opportunities** - We want you to grow in your role. We’ll work together to support your personal and professional development.
- ** Hybrid Working** - the tools and equipment you need to be able to work from home when you need to, depending on your role.
- ** Health and Wellbeing** - a calendar of events and activities throughout the year, Mental Health & Wellbeing champions, and Cycle to Work scheme plus a personal wellbeing day.
- ** Community Day** - We offer our people an extra paid day off every year to help local charities and community organisations.

**The Role**
- Acting as the Society’s Nominated Officer by completing oversight of internal and external suspicious activity reports, ensuring compliance with the Proceeds of Crime Act 2002.
- Acting upon delegated authority from the MLRO to approve customers identified as a high risk (including PEPs) of Financial Crime.
- Lead the annual review and ongoing monitoring of the Financial Crime framework, considering the appropriateness of all policies and procedures, to make recommendations to Senior Leadership on enhancements, updates and improvements.
- Lead upskilling and targeted training activity for colleagues implementing and operating the financial crime control framework, including creating, scheduling, delivering and testing the effectiveness of training
- Work collaboratively with a broad range of business stakeholders to support compliant, customer orientated financial crime processes, with close and regular engagement with the first-line of defence Financial Crime team
- Provide sample assurance and testing on high risk areas/key controls to oversee and evidence the effectiveness of the Financial Crime Prevention Controls across the business
- Embed a positive culture of confident and proactive customer considerations leading to informed risk-taking through training and communication of the agreed framework
- Provide specialist advice on investigations and support the MLRO with law enforcement engagement and relevant regulatory bodies where appropriate
- Oversee the monitoring programs in place within the business units to ensure adherence to Fraud and Financial Crime policy and procedures
- Ensure that appropriate record keeping arrangements are maintained in accordance with the Money Laundering regulations across the business

**About You**
- We’d also like to see a Financial Crime qualification with an accredited industry body
- Proven experience of interpreting and communicating financial crime regulatory requirements in a straightforward, simple way to a wide range of stakeholders
- Experience in developing stakeholder relationships and influencing others - internal to direct team and wider business teams. Strength in balancing competing requirements from multiple stakeholders
- Experience in analysing data into information for control, reporting, and decision-making purposes and the identification of issues, themes and trends
- Experience of authoring policies and/or procedures desired
- Experience of supporting projects in an SME role desired

Skills, abilities and behaviours:

- Building relationships
- Operational Excellence
- Commercial/Member Focus.
- Achievement Driven
- Risk Aware
- Mutual Ethos

We’re here to create a banking experience that’s kinder to people and planet.

Unlike banks, we don’t have public or private shareholders which means we can invest 100% of our profits back into our business. As a result, our business is purpose-led, financially strong, socially responsible and always focused on our people, planet and communities.