Shape the Future with the National Wealth Fund
At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.
We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.
Analyst - Financial Crime
Contract: This is a fixed term contract for a 10 month period
The primary purpose of the Risk & Compliance function at the National Wealth Fund (NWF) is to embed an effective risk management framework which enables the risks to the Fund’s objectives to be managed in an agile and effective way. The team fosters a risk-aware culture across the Fund and provide the necessary assurance that key risks are managed within the appetite set by the Board.
Role Purpose
The Analyst will support the delivery of the National Wealth Fund’s financial crime framework, helping to identify, assess and monitor financial crime risks associated with new transactions and the existing portfolio.
Working under the direction of the Financial Crime Manager and with guidance from more experienced colleagues, the role holder will undertake due diligence, screening, research and monitoring activities. They will maintain accurate records, prepare clear summaries of findings and escalate potential concerns promptly.
As part of the second line Risk & Compliance function, the Analyst will support effective financial crime oversight and contribute to a strong compliance culture across the Fund. The role provides an opportunity to develop financial crime knowledge and practical experience, with complex assessments, material judgements and approvals subject to appropriate senior review.
Location: Hybrid working with a minimum of 3 days per week in the Leeds office.
Core Responsibilities
Undertake allocated customer due diligence activities for new and existing counterparties, gathering and reviewing information in accordance with the Fund’s policies and procedures. Identify missing or inconsistent information and follow up with relevant colleagues.
Research corporate structures and beneficial ownership arrangements, documenting findings clearly and referring complex structures or unresolved discrepancies to more experienced colleagues.
Complete sanctions, politically exposed person and adverse media screening using approved systems and sources. Document initial findings and escalate potential matches or concerns in line with agreed procedures.
Gather evidence and prepare initial counterparty risk assessments for review, identifying relevant risk factors and recording the rationale for proposed risk ratings.
Support periodic and event-driven reviews of existing counterparties, maintaining review schedules and highlighting changes that may affect their financial crime risk profile.
Carry out defined monitoring and testing activities under supervision, recording results accurately and highlighting potential control weaknesses or departures from established procedures.
Assist more experienced colleagues with financial crime enquiries and investigations by gathering information, maintaining case records and preparing factual summaries.
Respond to routine queries about financial crime processes and information requirements, using approved guidance and referring complex or interpretative matters to the Financial Crime Associate or Manager.
Collate and check data for financial crime reporting, maintain action trackers and contribute to reports on due diligence activity, outstanding reviews, emerging issues and control performance.
Assist with updates to procedures, guidance and templates, identifying practical improvements arising from day-to-day work.
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