Manager - Financial Crime

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 and continue to drive forward the Government’s growth ambitions.

The primary purpose of the Risk & Compliance function at the National Wealth Fund (NWF) is to embed an effective risk management framework that 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 provides the necessary assurance that key risks are managed within the appetite set by the Board.

This role is for a Financial Crime Manager reporting to a Senior Financial Crime Manager and will be responsible for the enhancement and oversight of the Fund’s financial crime compliance framework. The manager will deliver a proactive second‑line financial crime strategy and framework, underpinned by processes and controls that ensure compliance with relevant regulatory, financial, and operational requirements.

• Support the Senior Compliance Manager in delivering the Compliance strategy, compliance monitoring plan, and associated policies to drive, promote, and maintain a strong Compliance and Financial Crime culture within the business.
• Assist in developing, implementing and maintaining the NWF’s Financial Crime strategy and framework, proactively identifying opportunities for improvement, and working with key stakeholders across the Fund to embed the framework to ensure appropriate levels of compliance.
• Conduct comprehensive financial crime risk assessments and provide oversight and quality control of client risk assessments to identify and mitigate financial crime risks.
• Undertake and ensure that the customer due diligence requirements for new and existing clients are robust and in line with FCA requirements, Money Laundering Regulations, Joint Money Laundering Steering Group (JMLSG) guidance, and other relevant financial crime regulations, and remain fit for purpose.
• Provide expert advice and support to the first line of defence on financial crime matters to enable NWF to operate in line with all relevant regulatory and legislative requirements in relation to Financial Crime.
• Monitor and review the effectiveness of financial crime controls, recommending improvements where necessary.
• Undertake and/or assist in investigations into financial crime incidents and report findings to senior management.
• Participate in internal or external audits of the Risk and Compliance function, or the Fund as a whole, including inspections or enquiries from law enforcement agencies.
• Work closely with audit teams to provide necessary documentation and address any findings.
• Develop and deliver training and awareness programmes on financial crime prevention to colleagues.
• Prepare regular reports on financial crime risks and compliance to NWF’s Executive Committees, Board, and Board sub‑committees.
• Stay up to date with the latest regulatory developments and industry best practices.
• Perform horizon scanning – review updates and determine which are relevant to NWF.
• Oversee and mentor direct reports, ensuring effective performance management and professional development.
• Work collaboratively within a high‑performing team to deliver the function’s strategic risk and compliance framework, liaising across the 3
  
  LOD to deliver integrated assurance.
• Support senior management with interactions with regulatory bodies, law enforcement agencies, and other stakeholders as required.

• Significant experience working in a financial crime function, preferably within a regulated financial services environment.
• Experience in developing and implementing financial crime frameworks.
• Experience in conducting risk assessments and investigations related to financial crime.
• Experience in managing teams and delivering to deadlines.
• Experience with in investment banking and/or infrastructure finance is desirable.
• Exper…