Anti-Money Laundering (AML) Supervisor

Division - Specialist

Department - Office for Professional Body Anti-Money Laundering Supervision​ (OPBAS)​ 

Salary - National (Edinburgh and Leeds) ranging from £43,100 to £53,700 and London £47,300 to £59,000 per annum (Salary offered will be based on skills and experience)

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA

The Division

We partner and collaborate with colleagues across the FCA, leading on specialisms that cross the spectrum of the 45,000 regulated firms and, with OPBAS, 25 professional body supervisors that supervise thousands​ more professional firms.  We work to bring our respective intelligence and perspectives on the firms we regulate to provide a holistic view that can help mitigate root causes and one day help predict the next issue in a firm.

The team

OPBAS was formed in February 2018 as part of the UK’s response to the threat of money laundering. Previous UK National Risk Assessments identified the legal and accountancy sectors as being particularly vulnerable to facilitating organised crime due to the credibility and respectability those sectors convey. OPBAS’s objectives are to reduce the harm of money laundering (and terrorist financing) by ensuring a robust and consistently high standard of professional body AML/CTF (counter-terrorist financing) supervision, and to facilitate information and intelligence sharing between professional body supervisors (PBSs), statutory supervisors, and law enforcement agencies.

What will you be doing?

• Spearhead and support relationships with PBSs including, with appropriate support, planning and running supervisory visits, analysing findings and making judgements about the effectiveness of their AML supervision

• Support other members of the team, including through participating in PBS visits and proactive engagement

• Clearly and credibly explain expectations to legal and accountancy supervisors

• Critically assess and evaluate information to form judgements about progress against AML and CTF standards

• Build and maintain good relationships with internal and external stakeholders

• The role will include opportunities to get involved with other areas of the department’s work where capacity permits, for example policy development

• Please note this role will be subject to achieving Security Check (SC) using the National Security Vetting system

What will you get from the role?

• This is an opportunity to be part of a globally unique team driving up standards of AML supervision among supervisors of the legal and accountancy sectors in the UK

• The role will provide a unique opportunity to develop expertise in combating economic crime

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Experience of Stakeholder management in order to build and maintain professional working relationships internally and externally

• Experience in a supervisory or financial-crime related role, legal, accounting or insolvency background or experience of the sectors being regulated

• Experience of using analytical skills to make judgements and recommendations

Essential

• Good sense of judgement and personal accountability

• Ability to apply a risk-based approach to supervision and an understanding of key regulatory risks

• Good (oral and written) communication skills

• Ability to influence and question constructively and deal with challenge

• Ability to demonstrate tenacity and flexibility

• Ability to manage competing tasks and issues, prioritising appropriately and escalating where necessary

• Working collaboratively as part of a team, valuing different perspectives and backgrounds, and working with others collaboratively, minimising silos

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our Associate role.

Benefits of working at the FCA

• 25 days holiday per year plus bank holidays

• Hybrid working (work from home up to 60% of your time)

• Private healthcare with Bupa 

• A non-contributory Pension of at least 8%

• Life assurance

• Income protection

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

We welcome applications from candidates who are looking for flexible arrangements.  Many of our staff work flexibly including working part-time, staggered hours, and job shares.  We can’t promise to give you exactly what you want but we can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded as Associate Level 8 - Regulatory

• SC Clearance is required for this role -  SC Guidance  The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting

• Advert Closing Date:  19th February

• CV Review/Shortlist: 21st February

• Case Study Assessment & Competency Based Interview: W/C 3rd March

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time. 

Got a question?

If you are interested in learning more about the role, please contact: 

• For internal applicants, please contact Lindsey Mackenzie at [email protected]

• For external applicants, please contact Chhavi Bartaria at [email protected]

Applications must be submitted through our online portal. Applications sent via email will not be accepted.