Life Financial Crime Advisory Lead

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.

Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Following a proactive review commissioned by M&G’s senior management of the firm’s anti-financial crime functions, a range of enhancement opportunities were identified. Consequently, a new target operating model, better aligned with a three lines of defence framework, was developed.

As a result, the firm is making a significant investment in its anti-financial crime teams, including the establishment of a more senior and functionally aligned second line anti-financial crime team. This development has created several exciting new roles and presents an opportunity for applicants to be part of a dynamic second line team, dedicated to delivering best-in-class activities across all relevant risk domains and functions required by a modern anti-financial crime team supporting a dynamic and growing business.

The Life Financial Crime Advisory Lead is a leadership role with overarching responsibility for supporting and coordinating the effective implementation of the group financial crime risk management framework within the UK Life business. This is a dual-hat role, which will also act the subject matter expert for fraud within the Group 2LoD Financial Crime.

Global financial crime responsibilities:

•Challenge and advise on M&G Life Financial Crime Risk Appetite.

•Review and challenge of the consolidated Life EWRA and progress against actions arising from the EWRA.

•Provide technical advice and guidance to the business on Policies and Standards, regulations, risks and on mergers and acquisitions, business change and new product development.

UK financial crime responsibilities

•Execute production of UK MLRO reports and local governance and Senior Management reporting for UK 2LoD.

•Liaise with internal and external bodies to conduct financial crime audits and regulatory reviews in line with M&G Regulatory Engagement framework.

•Perform REP-CRIM and other UK regulatory reporting for Life legal entities in the UK.

•Manage escalations from UK Life 1LoD for exemptions, waivers and dispensations for Group Financial Crime Policies and Standards.

•Execute risk decisioning as per M&G PLC's Financial Crime Risk Appetite and Risk Decisioning Matrix as UK 2LoD.

•Own actions for UK 2LoD arising from Assurance / Audit Findings and oversee implementation actions.

•Oversee the tracking of financial crime mandatory and role-specific training completion for the local UK business.

Team management and additional responsibilities:

•Provide technical advice and guidance to peers and team members in the Group Financial Crime Function to support the production of Life-specific Policies and Standards and methodologies and provide expertise for investigations and assurance reviews.

•Provide advice and guidance and act as a point of escalation for the Life Financial Crime Advisory team.

•Build collaborative relationships with senior stakeholders in Life 1LoD financial crime teams and with local 2LoD stakeholders.

•Act as the Subject Matter Expert (“SME”) for the following risk typologies: fraud.

•Other tasks and activities within the scope of your role or team as required from time to time.

Skill requirements:

•Significant experience within financial crime and deep understanding of the financial crime risks inherent in the insurance sector.

•Expert knowledge of UK financial crime laws and regulations, including AML, Sanctions, ABC and fraud prevention, preferably including in the context of above-mentioned sectors.

•Strong leadership and team management skills.

•Relevant experience in senior financial crime advisory, MLRO or Deputy MLRO roles in the UK and experience in global advisory and oversight roles.

•Excellent communication skills, with the ability to coordinate with senior stakeholders and communicate and explain risk decisions.

Experience Level: Integration Leader

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. 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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.  Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]