On behalf of HS2, we are looking for a Fraud Risk Assessment Specialist - Inside IR35 for a 6 month contract working on a Hybrid basis (3 days per week in Birmingham office and remaining WFH)
High Speed Two (HS2) Limited is the company responsible for developing and promoting the UK’s new high speed rail network. It is funded by grant-in-aid from the government.
HS2 Ltd is an executive non-departmental public body, sponsored by the Department for Transport.
Job purpose
The Reporting and Governance Manager is responsible for ensuring Government Functional Standard 013 requirements are met and documented including the management of the Fraud Risk Assessment and assurance programme together with internal management reporting.
Role of Directorate and Capability
The Counter Fraud and Investigations function reports to the Deputy Chief Financial Officer within the CFO Directorate.
The Function is responsible for managing the risk of fraud, bribery and corruption within the HS2 Programme and the supply chain to provide suitable assurance that the financial and reputational risks associated with fraud, bribery and corruption are being managed in accordance with company policies, processes and current law.
The main duties and responsibilities of the Fraud Risk Assessment Specialist would be:
- Management of the Fraud Risk Assessment (FRA) programme including completion and maintenance of detailed, thematic and enterprise assessments, together with initial fraud impact assessments.
- Undertaking fraud measurement exercises.
- Working with the Proactive Fraud Manager to incorporate data driven fraud insights into the FRA programme and operational controls.
- Liaison with risk management leads within the supply chain to ensure effective management of current and emerging risks.
- Management of and ensuring compliance with Government Functional Standard 013.
- Creation and maintenance of fraud related policies (including Gifts and Hospitality and Whistleblowing etc) and ensuring alignment with regulatory requirements and best practise.
- Internal reporting to senior management and committees
- Design and delivery of counter fraud training to HS2 staff.
Essential:
- Ability to develop and implement comprehensive fraud risk models and metrics.
- Governance and Reporting o Strong understanding of corporate governance and regulatory requirements related to fraud risk management, including Government Functional Standard 013.
- Ability to create detailed, transparent fraud risk reports for senior leadership and relevant stakeholders.
- Ability to ensure compliance with legal and regulatory standards regarding fraud risk.
- Policy Development o Ability to collaborate with cross-functional teams to ensure policies reflect evolving fraud risks and industry standards, and translate these policies into processes that run smoothly in a matrix environment
- Stakeholder Management o Ability to effectively engage and manage internal and external stakeholders, including senior executives, regulatory bodies, and thirdparty vendors.
- Effective verbal and written communication skills, with the ability to convey complex fraud risk concepts to non-expert stakeholders.
- Ability to create and maintain training programmes for team members and wider company employees.
Knowledge:
- Comprehensive knowledge of FRAs (including IFIA’s, detailed, thematic and enterprise) and preferably a member of the Government Counter Fraud Profession, Fraud Risk Assessment discipline.
- Knowledge of relevant Regulations and legislation, including fraud-related legislation (e.g., Fraud Act 2006, Bribery Act 2010, and ECCTA 2023).
Type of experience:
- Substantial experience in managing a FRA programme preferably in relation to construction projects, including completing and maintaining detailed, thematic and enterprise level FRAs.
- Experience in coordinating the ongoing assurance of fraud risks, managing various stakeholders and reporting progress to seniors.
- Experience of senior level reporting and working within corporate governance and risk, preferably how they relate to fraud risk oversight.
- Experience of working with a wide range of internal and external stakeholders to ensure compliance with regulatory and organisational standards.
Please be aware that this role can only be worked within the UK and not Overseas.
In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".
