Life Financial Crime Advisory Manager

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. 

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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.

Join M&G plc’s Global Financial Crime Compliance team and be part of an exciting journey of growth and transformation. This role offers a unique opportunity to provide independent oversight, support, and challenge to M&G Life’s Financial Crime Risk Management Framework, ensuring robust controls and compliance as the business delivers on its ambitious growth and change agenda. If you’re passionate about financial crime prevention and eager to make a meaningful impact within a leading financial services organisation, we’d love to hear from you.

The Life Financial Crime Advisory Manager is a management level role with day-to-day responsibility for executing activities to enable implementation of the group financial crime risk management framework within the UK Life business.

Financial crime responsibilities:

• Provide review and challenge of the consolidated Life EWRA and track progress against actions arising from the EWRA.
• Execute independent oversight over Life Client, IFA, and Other Third Party risk decisioning.
• Provide review and challenge of Life 1LoD Risk and Controls Self Assessment actions.
• Track and analyse the exemptions and breaches, waivers and dispensations to Group Financial Crime Standards pertaining to Life.
• Request local UK Life 2LOD local exemptions for , waivers and dispensations from Group Financial Crime Policies and Standards, develop mitigation plans, and maintain records.
• Manage escalations for local 2LoD from UK Life 1LoD for exemptions, waivers and dispensations for Group Financial Crime Policies and Standards.
• Produce UK Life MLRO reports and other Senior Management reporting for UK 2LoD in line with Group Financial Crime Governance and Management Information Framework.
• Support risk decisioning in Life as per M&G PLC's Financial Crime Risk Appetite and Risk Decisioning Matrix as UK 2LoD.
• Disseminate Group financial crime training to the Life business
• Track completion of financial crime mandatory and role-specific training for the local UK Life business.
• Prepare REP-CRIM and other regulatory reports for applicable Life legal entities in the UK.
• Provide advice and guidance to Life 1LoD teams on Group Financial Crime Policies and Standards and relevant UK regulations.
• Provide advice and guidance regarding the application processes for the registration of Life entities as Annex I financial institutions.

Additional responsibilities:

• Oversee adoption of the Group issue management framework for financial crime and the Governance, Risk, and Compliance (“GRC”) tool (MetricStream) and review and challenge the progress against actions on MetricStream.
• Implement actions for UK 2LoD arising from Assurance / Audit Findings relating to UK Life businesses.
• Other tasks and activities within the scope of your role or team as required from time to time.

Skill requirements:

• Established experience within financial crime and being able to demonstrate deep understanding of the financial crime risks inherent in the insurance sector. (Essential)
• Strong knowledge of UK financial crime laws and regulations, including AML, Sanctions, ABC and fraud prevention, preferably including in the context of above-mentioned sector. (Essential)
• Excellent communication skills, with the ability to coordinate with senior stakeholders and communicate and explain risk decisions.

Experience Level: Manager / Expert

Recruiter: Helen Simons

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, 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. 

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]