The Role
The Due Diligence Senior Specialist provides subject matter expertise through advice and support to inform and enable decision-making to Diamond Trading, and the broader De Beers Group through the Ethical and Sustainable Initiatives Team and other Business Units (BUs).
The role ensures the business meets its regulatory and legislative requirements regarding the identification and verification of the identity of counterparties. The role also offers extraordinary in-depth investigation into a variety of red flag issues that may be subject to review by senior leadership, external legal counsel and regulatory authorities. The Due Diligence Senior Specialist cascades information and business intelligence to multiple BUs and coordinates and facilitates De Beers Group access to appropriate third-party due diligence service providers.
The role sits within the Ethical Initiatives team closely coordinating with the Best Practice Principles and Pipeline Integrity teams, and Head of Compliance to maintain the disclosure of counterparties and develop capabilities of the BPP SMART System.
Please note: this is a 12 month fixed term contract.
Key Responsibilities
Leading Implementation of the Due Diligence Programme:
Lead and accountable for ongoing monitoring and red flag management of platform for counterparty risk issues; specifically: Timely investigations of potential red flags, elimination of false positives; and,
Escalation of issues that cannot be dismissed based on publicly available information to the appropriate business unit in accordance with set processes and policies.
Management of data on internal systems: Additions: Review and approval of new disclosures including full documentation review and follow-ups as required.
Removal: Review, evidence gathering and approval of removal/inactivation requests.
Structuring & trouble shooting: Assisting clients with structuring and remedial actions to meet De Beers regulatory compliance requirements
Lead and responsible for annual bespoke internal due diligence programme/review.
Selection and recommendation of client inclusion in annual checks.
Public record research on existing clients & gap identification of undisclosed entities and individuals who may fall within the scope of DeBeers disclosure requirements.
Identificationof adverse information relating to client entities and key individuals & escalation.
Delivery of finding reports to clients, assistance and monitoringof remedial action
Manage the Enhanced DueDiligence process Recommending the selectionofHigh‑Riskclients per annum
Review & analysisof third‑partyproducedreports
Reportingof outcomesto the relevant internal risk committee
Managementof remedial actionsrequiredwithclientsand internal escalationifrequired.
Disseminationof relevantchangesto relevant business units.
LeadingIssueSpecificInvestigations :
Leadandaccountablefor extraordinaryinvestigationsasrequiredbyDeBeersGrouphandlingcommercially sensitivemattersandreport‑ thatneeds aching reports to self ”
Oversee support for Sight Management & Shipping :
Responsible for compilation and distribution of client administration
Troubleshooting issues arising from Sight to enable timely transactions & sales by the relevant Business Unit.
Leading (or in the case of third-party service access, coordinating) Ad Hoc Due Diligence requests for De Beers Group
Management of 'Ad Hoc' due diligence requests from various BUs and Joint-Ventures (JVs).
Leading & Driving - Engagement with Third-Party Due Diligence service providers :
Management of ongoing relationships with suppliers, including cost monitoring and negotiations.
Cultivation of new relationships with alternative suppliers.
Management of administration and user access for other BUs to subscription services
Coordinating and Leading ( on Disclosure related matters) - IT Management
Team Management
Responsible for one direct report, overseeing their priorities and key work responsibilities, advocating for their opportunities and career development.
Allocating and delegating work appropriately, including ad hoc special projects, being accountable for the delivery of their role and responsibilities.
Providing training and support to ensure their professional development and role fulfilment and recommending external training opportunities and courses to further develop their skills and understanding of the regulatory environment.
Degree or professional qualification in a relevant discipline is essential.
High levels of integrity, discretion, judgement and ethical decision making is mandatory.
Ability to interpret complex legal and financial scenarios to understand risk and regulatory consequences for De Beers Group in managing its risk profile.
Experience of managing external providers to provide solutions for De Beers Group.
Ability to anticipate emerging industry trends, regulatory changes and stakeholder expectations and translate the
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Due Diligence Senior Specialist (12 month fixed term contract) in London employer: Angloamericandebeersgroup
De Beers Group is an exceptional employer, offering a dynamic work environment in the heart of London where luxury meets innovation. With a strong focus on employee growth and development, we provide comprehensive training and career advancement opportunities, alongside competitive salaries and benefits. Our collaborative culture fosters teamwork and creativity, ensuring that every team member contributes to delivering an unparalleled shopping experience for our VIP clients.
