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Fraud and Financial Crime Risk Lead


  1. Full time

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About the job


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Fraud and Financial Crime Risk Lead

Here at Admiral, we are committed to fighting all forms of fraud and financial crime. We do all we can to protect our customers and our business against this threat. As an ever-evolving area, we must ensure that our processes and systems continue to develop and keep pace with risk and regulatory developments.

The Fraud and Financial Crime Risk Lead is a pivotal role in the fight against financial crime. It is an exciting time to join the team and is an opportunity for you to help shape our defences and business response to this key risk. You will be part of the wider Line 2 Risk Team within the UK Insurance business, liaising with other operational departments, other entities across the wider Group and the Group Financial Crime Team to provide a co-ordinated and robust defence.

We are a friendly group of people with an open and collaborative culture and look forward to working with you to help shape the future of the team.

If you have great inter-personal skills alongside extensive experience in the fraud and financial crime industry, with proven and demonstrable success in building proportionate defences, financial crime frameworks, policies and reporting and are looking for an opportunity to influence and make a difference, then we would love to hear from you!

Main Duties

The role holder will be responsible for leading the 2nd line oversight and challenge over all Fraud & Financial Crime risks for Admiral’s UK insurance business.  This is a key role to ensure that the current and emerging fraud and financial crime risks relevant to Admiral are appropriately identified and managed. You will also:

  • Lead Admiral in its desire to develop, maintain and review systems and controls that enable the organisation to identify, assess, monitor and manage financial crime risks which are proportionate to the nature, scale and complexity of its activities.
  • Responsible for 2nd line oversight, monitoring and challenge for all aspects of fraud and financial crime.
  • Liaise with the Group Financial Crime team to develop, maintain and review strategies, policies and procedures which meet legal and regulatory requirements and are aligned to Admiral’s risk appetite.
  • Work with Line 1 teams to ensure the provision of accurate, timely and insightful reporting of data, insight, and analysis to demonstrate the fraud and financial crime risks faced by the business and current business performance in managing the risk.
  • Develop and monitor key fraud and financial crime performance indicators with clear controls and reporting of performance and costs.
  • Perform 2nd line reviews to ensure that fraud and finance crime risks and controls are appropriately documented and recorded in department and business risk registers in line with Group and entity requirements.
  • Lead 2nd line reporting on fraud and financial crime risks to relevant Committees and Boards.
  • Work with the Training Academy to build and develop appropriate training modules for all staff, including overseeing specialist training for specific business teams.
  • Be the fraud and financial crime representative in all relevant Committees, working groups and project steering committees.
  • Represent Admiral at external fraud and financial crime meetings as necessary, bringing information back to the business to update processes and controls as necessary.
  • Conduct horizon scanning and keep abreast of regulatory developments relevant to all aspects of fraud and financial crime, ensuring that any required changes are implemented.
  • Act as the subject matter expert within the Corporate Governance functions for all fraud and financial crime risk matters.
  • Ensure that continued professional development is undertaken and appropriately recorded.

Please note: This is not a full definition of the role but covers the main aspects and drivers for success.

Key Skills, Qualifications and Experience

  • Extensive experience in fraud and financial crime prevention and investigation, preferably within the insurance industry.
  • Proven and demonstrable success in developing financial crime compliance frameworks.
  • In-depth knowledge of relevant regulations and industry standards.
  • Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident, assertive and professional manner.
  • Good analytical, problem-solving and written / report-writing skills.
  • Excellent organisation and time management skills with the ability to prioritise work, manage multiple workstreams and deliver to agreed deadlines.
  • Experience of operating as an MLRO or a Nominated Officer in a regulated entity would be useful
  • A recognised professional Fraud or Financial Crime qualification would be handy but isnt essential

PLEASE NOTE: we may close this vacancy early if we receive lots of applications or business priorities change.

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration for employment.

Salary, Benefits, and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.



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As one of our four pillars to our culture, Reward and Recognition is extremely important. We believe that happy staff make happy customers, so we have a huge range of great benefits to make sure everybody has something to smile about! Here are a few of our more popular ones.




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