Financial Crime Associate - FTC

Position: Financial Crime Associate - 12 month FTC
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.

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.

This role is for a Financial Crime Associate in the Risk & Compliance function, reporting to the Financial Crime Manager. The role holder will proactively identify opportunities for, and recommend solutions to enhance, and support the oversight of the Fund’s financial crime compliance framework. They will independently lead key elements of the delivery of an effective and proactive second line financial crime strategy and framework, underpinned by processes and controls that ensure compliance with relevant regulatory, financial, and operational requirements.

Additionally, the successful candidate will support the active management of financial crime risk in the existing portfolio and will lead due diligence into the NWF’s pipeline of new transactions.

Location:

Hybrid working with a minimum of 3 days per week in the Leeds office. This is a 12 month Fixed Term Contract.

Final date to receive applications: 7th October 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis.

Core Responsibilities Support the Compliance team in delivering the wider Compliance strategy, Compliance plan, and associated policies to drive, promote, and maintain a strong Compliance and Financial Crime culture within the business

Assist in developing and implementing the NWF’s Financial Crime strategy and framework, identifying opportunities for improvement and proactively making recommendations to the financial crime managers/senior managers. Associates support stakeholder engagements across the Fund to embed the framework to ensure appropriate levels of compliance

Support the completion of comprehensive financial crime risk assessments and perform client risk assessments to identify and mitigate financial crime risks

Undertake the customer due diligence for new and existing clients in line with FCA requirements, Money Laundering Regulations, Joint Money Laundering Steering Group (JMLSG) guidance, and other regulations

Provide trusted 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, including drafting of reports to Compliance 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

Assist in the development and delivery of of training and awareness programs on financial crime prevention to NWF…