Director - Head of Fraud & Financial Crime & AML Due Diligence

THE ROLE

We are seeking an experienced senior leader to join the [Employer hidden] as Director – Head of Fraud & Financial Crime (F&FC) and Anti‑Money Laundering (AML) Due Diligence. This is a visible leadership role responsible for safeguarding the Bank, its programmes and UK taxpayers against fraud, financial crime, money laundering and terrorist financing risk.

Reporting to the Managing Director of Product Operations, you will provide strategic leadership across fraud and financial crime risk management while owning and running the Bank’s first line F&FC and AML Due Diligence operational teams. You will act as a trusted partner to senior stakeholders across the Bank and Government, ensuring robust risk governance while enabling the Bank to deliver on its mission.

You will act as the Bank’s Counter Fraud Champion and Counter Fraud Functional Lead, in line with Government Functional Standard. You will represent the Bank at internal and external forums, including engagement with government bodies, law enforcement, lenders and other arm’s‑length bodies, and oversee fraud and financial crime reviews, reporting and KYC processes. You will work closely with the Department for Business and Trade (DBT) Counter Fraud Team and the Public Sector Fraud Authority (PSFA), ensuring alignment with cross‑government counter‑fraud strategies and standards. You will bring deep practical experience of fraud detection, prevention and response, including managing complex fraud risks, overseeing reviews, and ensuring robust assurance and reporting.

You will bring extensive senior‑level expertise across fraud, financial crime and AML, with the ability to assess and manage risk across complex banking and investment portfolios. You will have proven experience working within a regulated investment environment, with consistent practical application of the Money Laundering Regulations, including responsibility for KYC/KYB processes, and ensuring effective prevention, detection and response to financial crime risks across Bank programmes and delivery partners.

You will demonstrate deep technical knowledge of fraud and financial crime typologies, alongside a sound understanding of the legal and regulatory framework. You will be able to translate policy, regulation and risk frameworks into practical operational controls and standards, ensuring alignment with Government Functional Standards and best practice, and escalating gaps where appropriate.

You will have a proven track record of leading and developing high‑performing teams in fast‑paced environments, embedding the Three Lines of Defence model and strengthening risk identification and assessment. Effective stakeholder management will be critical, as you work collaboratively with Risk and Compliance, Legal, Operations, Investment and Banking teams, influencing without direct authority and acting as a senior escalation point.

You will combine strategic insight with operational rigour, exercising sound judgement, working within strict governance frameworks, identifying emerging risks, and ensuring high‑quality management information supports senior leaders in understanding risk appetite and exposure.

We are particularly keen to recruit someone with investment experience and a credible track record of operating within the Money Laundering Regulations in a regulated environment.

Please click on this Job Description to find out more details.

Key Benefits

• 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
• 15% employer pension contribution
• Flexible working
• Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
• Paid voluntary days, maternity, paternity, adoption, and shared parental leave
• Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more

About [Employer hidden]

The [Employer hidden] is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.

Since its inception in 2014, the [Employer hidden] has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.

With offices in Sheffield and London, the [Employer hidden] currently employs approximately 550 individuals.

As an organisation that values flexibility, wellbeing and collaboration, the [Employer hidden] introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).

At the [Employer hidden], we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.

As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.

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Application Deadline April 28, 2026

Department Operations (COO)

Employment Type Fixed Term Contract

Location London

Workplace type Hybrid

Compensation £80,000 - £112,500 / year

View all opportunities at [Employer hidden]