A Career in Financial Crime or Fraud Prevention

Why choose a career in financial crime prevention (FCP)?

The range of threats facing organisations means there are a multitude of career options in financial crime prevention.

• Roles include anti-bribery and corruption specialists, fraud analysts and cyber security experts.
• Policy roles often involve setting high level policies and procedures and undertaking risk assessments.
• Operational and analyst roles typically involve reviewing caseloads of potential fraud, bribery and corruption due diligence or suspicious market conduct reports.
• Investigator roles involve an understanding of the relevant laws, techniques and procedures in investigation of significant issues involving internal fraud or misconduct.

What do employers look for?

Employers want to see a combination of technical knowledge, understanding of business processes, products and services and the key vulnerabilities targeted by financial criminals. Roles will often involve:

• engaging with senior management, regulators and the delivery of training and awareness
• a ‘radar function’ ensuring legal and regulatory developments are tracked effectively
• an understanding of the relevant products and services, legislation and IT systems (including the use of automated financial crime detection tools such as Hunter, SIRA, World Check, and CIFAS)
• understanding of the relevant laws, techniques and procedures in investigation of significant issues involving internal fraud or misconduct
• awareness of the red flags and vulnerabilities associated with a firm’s products and services
• undertaking appropriate qualifications to enhance capabilities.

Commercially aware professionals should understanding the nature of the business that they are involved in, while at the same time ensuring on-going compliance with the regulatory regime.

Read more:

• What is Financial Crime?
• Begin a career in FCP
• Funding

Learn more about anti money laundering, compliance and financial crime prevention with ICA qualifications.

Read more:

• What is Financial Crime?
• Begin a career in FCP
• Funding

Learn more about anti money laundering, compliance and financial crime prevention with ICA qualifications.