- Management Responsibilities:
- Overall leadership and management of the Monitoring & Control team.
- Build collaborative relationships with 1LoD stakeholders as well as 2LoD financial crime teams to enhance risk management and compliance culture.
- Review and approve 1LoD testing plans developed by the QA Specialists.
- Monitoring & Control Responsibilities:
- Coordinate the implementation 1LoD testing including testing of relevant KYC/D processes performed in house in line with the Group framework.
- Coordinate with 2LoD and 3LoD stakeholders to ensure effective 2LoD and 3LoD QA/QC over 1LoD processes.
- Own and implement financial crime actions for 1LoD arising from Assurance / Audit Findings.
- Provide support and guidance to 1LoD teams on financial crime process testing.
- Ensure that 1LoD teams understand how to input financial crime risks into the Group GRC tool.
- Review KYC specific Quality Control and Assurance reviews for customer files in scope, to check for accuracy, completeness and validity.
- Responsible for conducting & approving detailed and objective quality reviews of customer files from an AML / financial crime perspective for all customers.
- Responsible to develop QA frame work and Accreditations process aligned to M&G FCO guidelines and FCC standards.
- Performing sign off for KYC files and responsible for ensuring KYC records, screening, client outreach and any other client requirements are completed in line with M&G guidelines and FCC standards.
- Ensuring the quality of the team s KYC files and any other output is of a high standard and delivering training and guidance where needed to uplift/improve, especially in regards to TPA standards
- Assisting in defining procedures, processes, standards and best practices to ensure efficiency / continuous improvement.
- Working with the team to identify any material trends for ongoing quality and cycle time improvement.
- Identify problem areas and risks associated with processes and make recommendations to improve quality of KYC analyst file work.
- Serve as a key support resource for delivering training and guidance to KYC analysts.
- Participate in a risk-based AML-specific testing program, in order to provide senior management with comprehensive end-to-end assessments of the regulatory control environment.
- Maintain proactive communication with Senior Management including periodic updates on engagement progress and identified or potential issues
Skill Requirements:
- Significant experience of leading and managing financial crime teams and working closely with executive leadership regarding material FC matters.
- Significant experience within financial crime, including Asset management sector knowledge.
- Significant experience within assurance planning and execution, including controls testing.
- Ability to demonstrate deep understanding of financial crime risk management controls and process application.
- Excellent written and verbal communication skills and ability to convey complex information to stakeholders at all levels.
- Advanced working knowledge of anti-money laundering and know-your-customer regulations and processes within the Asset Management and financial services industry.
- Demonstratable QC/QA experience delivering high quality work
- Proven experience of PEPs, Sanctions and Negative Media screening
- Proven experience in performing financial crime risk assessments of clients and client-on-boarding processes
- Strong knowledge and experience of best practices in building and maintaining KYC processes
- KYC process experience for different asset management related entity types, such as Trusts, Funds, regulated entities, SPV etc.
- KYC/ AML experience of analyzing complex ownership structures to determine risk exposure and applicable AML/KYC requirements.
- Proven ability to absorb, understand and build an understanding of complex financial crime related information and comfortable articulating to senior stakeholders across the business.
- Proven ability to quickly understand and multitask across several IT applications, including Power BI and Power Point Presentation
- Strong written skills and can communicate with individuals across all levels;
- Excellent attention to detail and accuracy;
- Proven ability to handle multiple workloads;
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills:
- Confidence & excellent communication
- Excellent analytical skills with the ability to review and interpret rules and regulations
- A good understanding of the regulated marketplace and the position of M&G within that market.
- A credible communicator both written and verbally.
- An understanding of the business drivers for appropriate business areas.
- A strong business focus with an ability to take account of the nature and complexity of a firms business
- Operates within the context of own function but has an awareness of the overall UK operation and its objectives.
- Independent, self-motivated, proactive, analytical and willing to work under pressure.
- Excellent communication skills written and verbal
- Team player
Experience:
- Minimum 10-12 years of overall experience in Risk function within Financial Services (with at least 8-10 years of experience in Financial Crime Compliance)
Educational Qualification:
- Graduate degree in Science /Commerce/Management Sciences/Business Administration/Law (B.Sc./B.Com/BMS/BBA/LLB )
- Certifications such as Certified Anti-Money Laundering Specialist (CAMS) examinations desirable
- Knowledge of UK & EU Regulations or experience of money laundering regulations and their practical application within a financial service organization.
