The Second Line Financial Crime Risk team plays a critical role in protecting the organisation from financial crime risks and ensuring compliance with regulatory and legal obligations. Acting independently from the first line of defence, the team provides expert oversight, challenge and assurance over how financial crime risks are identified, assessed, managed and mitigated across the business.

Embedded within this team is the Group Deputy Money Laundering Reporting Officer (Group Deputy MLRO), a senior leadership role that supports the MLRO and provides regulatory continuity, technical expertise and day-to-day oversight of the Group’s financial crime risk framework.

Together, the team works closely with senior stakeholders across Compliance, Risk, Operations, and Technology to maintain a robust, proportionate and forward-looking financial crime control environment aligned to regulatory expectations and the organisation’s risk appetite.

The role can be based in either Chatham or Wolverhampton and will require occasional travel between the Group’s Chatham, London and Wolverhampton offices.

The role of the Group Deputy MLRO will ensure that all financial crime related systems and controls across the Group are adequately designed and effective in line with all relevant regulations, legislation and guidance, and proportionate in accordance with the Group’s risk appetite, frameworks, policies and take into account the different risk profiles of individual brands, third parties and their respective geographic locations.

The Group Deputy MLRO will manage the second-line of defence Financial Crime team and work closely with the first-line of defence financial crime teams based in Wolverhampton, Chatham and India. The role involves line management of direct reports and reports into the Chief Compliance Officer & MLRO.

Your responsibilities will also include…

• Acting as a trusted deputy to the MLRO, providing cover where required and ensuring continuity of regulatory responsibilities and decision-making.
• Overseeing the operation of the Suspicious Activity Reporting (SAR) framework, including escalation, decision-making and quality assurance, and supporting the MLRO in meeting statutory obligations.
• Acting as a senior technical authority on AML, CTF, sanctions and broader financial crime risks, providing guidance to the business and second-line colleagues.
• Leading the enhancement and management of the Group’s strategy in relation to the identification, management and oversight of financial crime risks.
• Building and fostering relationships with key areas of the business to embed financial crime frameworks, policies, processes and procedures into the DNA of the business.
• Providing independent challenge on complex or higher-risk issues, thematic concerns and material incidents, and ensuring first-line ownership and accountability remain clear.
• Driving continuous improvement of financial crime frameworks, policies and controls, ensuring they remain effective, scalable and aligned to regulatory expectations.
• Representing Financial Crime Risk at senior governance forums, contributing to Board and committee reporting, and engaging confidently with regulators where required.

We offer a competitive base salary from £100,000 dependent on experience and benefits package including:

• Discretionary annual bonus opportunity of up to 40%
• Car allowance of £7,500
• Enhanced family-focused benefits
• Hybrid-working

Please use this link to see the fantastic benefits available at OSB:

https://www.osb.co.uk/careers/overview/benefits

Please use this link to see the fantastic benefits available at OSB: OSB Careers 

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience of undertaking a fraud or financial crime related role within a retail bank is essential.
• Knowledge of the requirements and practical implications of Money Laundering Regulations, The Fraud Act 2006, Criminal Finances Act 2017, The FCA Handbook (specifically SYSC, PRIN and the Financial Crime regulatory guide), Bribery Act 2010, Proceeds of Crime Act, JMLSG Guidance and financial sanctions regimes are essential
• Previous experience of managing a team is essential.

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.