We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited) . We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Accountabilities / Responsibilities
- Provide day to day line management for the Screening Specialists and Analysts within the Screening & Monitoring Shared Service.
- Oversee the daily operational activities of the screening team.
- Ensure that tasks are allocated effectively across the team, priorities are clear and expected SLAs are met.
- Act as a delegate for the Head of FC Screening & Monitoring Shared Service.
- Provide regular updates to the Head of FC Screening & Monitoring Shared Service, including potential risk areas and mitigation strategies across the team.
- Develop, implement and maintain repository of screening processes and procedures across the team.
- Monitor and evaluate team performance and the effectiveness of implemented screening processes. Identifying areas for improvement and risk trends.
- Continuously improve the screening team, delivering on the job training and sharing knowledge amongst the function.
- Act as an escalation point for the team where additional expertise or decision making is required.
- Efficiently managing a significant case load and supporting any other FCC Screening activities
- Subject Matter Expert in support & guidance, to Life & Wealth business from AML & Screening related issues
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills:
- Significant experience with financial crime screening systems.
- Significant experience in managing operational screening teams.
- Significant understanding of sanctions regulations, PEP lists, and other relevant compliance requirements.
- Significant understanding of KYC/AML regulations and best practices.
- Expert in PEP, Sanctions and Adverse Media Screening activities which requires research based analytical skill to collate & connect information from all available sources ( inclusive of Open-Source Intelligence search system, M&G books and aligning with M&G FCC policy & standards)
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- Significant experience with conducting and discounting PEP, sanctions and adverse media alerts.
- Understanding of sanctions regulations, PEP lists, and other relevant compliance requirements.
- To support team in assessing Politically Exposed Person, sanctioned individual / entity matches identified through the FCC PEP / Sanctions solution(s) and ensure that all PEPs and Sanctioned individuals / entities are reported promptly to the AML Reporting Manager in an agreed format.
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- Strong communication skills and ability to work with a diverse range of stakeholders within the team.
- Familiarity with industry best practices and regulatory expectations specific to the business.
- Sound organisational and coordination capability to deliver and embed change management.
- Experience with LexisNexis Bridger
- The role is responsible for undertaking reviews and analysis relating to the assessment, monitoring and enhancement of systems and controls within M&G UK in respect of financial crime risk.
- To assist in maintenance of PEP register and timely completion of senior management signoff reports
- Knowledge of relevant compliance regulators and their regulations
- Knowledge of money laundering compliance requirements across various banking and insurance products
- Strong interpersonal skills, with the ability to establish credibility and strong partnership with business partners and clients when required
- Ability to collaborate in a team based environment across functional disciplines and lines of business.
- Strong analytical, problem-solving and organizational skills
- Ability to manage several simultaneous projects
- Ability to operate remotely, in a diverse and multi-cultural environment.
- Knowledge on insurance products, systems and distribution methods would be an added advantage
- Ability to plan and prioritise own schedule ensuring timely completion of responsibilities
- Strong work ethic with the highest levels of professionalism, commitment and integrity.
Experience:
- Minimum 10 years of experience in Risk function within Financial Services
- 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 Regulations or experience of money laundering regulations and their practical application within a financial service organization.
- Excellent analytical skills with the ability to review and interpret rules and regulations
- A good understanding of the regulated marketplace and the position of Prudential 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
Educational Qualification:
Graduate degree in Science /Commerce/Management Sciences/Business Administration/Law (B.Sc./B.Com/BMS/BBA/LLB )
We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
