Risk Management – Financial Crime Associate (Fraud) - 6-month fixed term contract – Newcastle or Belfast
Within the professional services environment, the application of effective risk management is fundamental to both successful delivery of client services and promotion of our brand. Risk management (RM) encompasses the technical support and processes which enable the delivery of service quality, contain the threat of litigation, limit damage to our reputation and achieve full fee recovery.
The RM team is responsible for supporting the Ernst & Young LLP in the execution of and compliance risk management policies and procedures. The team assists with the development, maintenance, communication, and training of key RM policies, providing advice on complex risk matters and monitoring the application of these policies.
Financial crime risks relating to fraud are a high focus for the regulated businesses and external scrutiny as regulation and practice continues to evolve.
The opportunity
The Financial Crime Team supports the coordination and oversight of financial crime controls minimising and mitigating internal fraud risk within the UK firm. This is underpinned by the Firm’s Anti-Fraud policy and Fraud Response Plan and the ability to conduct investigations into relevant events.
The challenge for this role is to assist the ongoing maintenance of internal procedures, to assist the business in applying preventative and detective fraud controls and recommend appropriate enhancements to improve the management of fraud risk within the UK.
Your key responsibilities
You will join the UK Financial Crime Team reporting to the Internal Fraud Manager focused on assisting work to optimise Anti-Fraud controls. This includes assisting a programme of enhancement to the existing controls to prevent, detect and mitigate fraud risk including assisting the development of the 2nd line assurance programme to measure the effectiveness.
Responsibilities will include:
Assisting the maintenance of the policies and procedures related to Anti-Fraud Assisting the development of analytics and the collation of fraud events detected or reported against the Firm Assisting the development and reporting of effective KRI, KPI and MI to measure control effectiveness Assisting testing to assure 1st line controls in place to mitigate fraud risks for effectiveness and deliver continuous improvement Ability to communicate effectively with business stakeholders Assisting the preparation and maintenance of records Assisting the development and delivery of appropriately targeted training to relevant EY Personnel
Skills and attributes for success
Understanding of the requirements of a 2nd line role regarding effective fraud risk management Base knowledge of the Fraud Act 2006 and applicable sections relating to Failure to Disclose, False Representation and Abuse of Position Knowledge of the Economic Crime and Corporate Transparency Act 2023 and associated Failure to Prevent Fraud Offence Good personal communication and influencing skills Ability to prioritise multiple tasks
To qualify for the role, you must have
1-2 years’ experience in fraud management or financial crime in a financial organisation Knowledge of law and practice around fraud and other financial crime A good level of Microsoft skills including Excel and Power Point The ability to manage and analyse large data sets The ability to establish a high degree of credibility, respect, and trust at all levels. The ability to build and maintain relationships across the firm (jurisdictions and service lines), Effective planning and organising skills to prioritise key areas of responsibility, tasks and projects
Ideally, you’ll also have
Relevant Degree-level education Microsoft Power BI experience
What we look for
We are looking for a highly self-motivated Associate with an understanding of fraud management including relevant legislation and the ability to manage multiple tasks.
What working at EY offers:
We offer a competitive remuneration package. Plus, we offer:
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
About EY:
As a global leader in assurance, tax, transaction, and advisory services, we’re using the finance products, expertise, and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities, and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
Make your mark.
Apply now.
6-month Fixed Term Contract