Financial Crime - Enhanced Due Diligence (EDD) Team Analyst - Newcastle

Within the professional services environment, the application of risk management procedures is fundamental to the successful delivery of our client services and promotion of our brand. At Ernst Young (EY), Risk Managers promote and support risk management within the business. RMs aim to uphold our business standards, maintain and enhance the value of the firm, and ensure that EY UK, its Partners and staff comply with regulations imposed either by external regulators or by Ernst & Young Global in relation to the conduct of our business.

Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-bribery controls, sanctions compliance and fraud are a high focus for regulated businesses and external scrutiny as regulation and practice continues to evolve. The role will sit within the Enhanced Due Diligence (EDD) team which supports financial crime compliance with respect to client acceptance procedures.

The EDD team supports EY Partners and staff in the execution of and compliance with Global, Regional and local risk management policies and procedures, including financial crime, data protection and the development, maintenance, communication and training of key RM policies, providing advice on complex risk matters and monitoring the application of these policies. There is an opening in the team for an EDD Analyst. The main purpose of the role is to work with the business to ensure the firm’s compliance with applicable legislation by performing EDD related processes and providing support to engagement teams. The successful candidate will appropriately assess risks and provide real-time support to engagement teams on navigating EDD requirements through the employment of pragmatic advice.

Key Responsibilities

• Perform enhanced due diligence on potential and actual clients.
• Act as a primary point of escalation for client-servers.
• Perform risk decisioning on clients covering money laundering, terrorism, and sanctions compliance.
• Act as a dedicated point of contact for the business, providing pragmatic and compliant advice to client facing teams in the navigation of EDD requirements.
• Encourage client facing staff to engage and work collaboratively with the EDD Team.
• Assist and coach junior Central CDD Team members in performing their roles and provide support to the team in the application of the risk-based approach where required.
• Suggest improvements in the review and maintenance of client onboarding procedures, assess engagement risk and update and amend as necessary.

Skills and attributes for success

• Strong communication skills capable of dealing with a wide range of staff, including Partners.
• Ability to establish and maintain a high degree of confidentiality and credibility at all levels.
• Strong team player and proven ability to work with others.
• Comfortable with change, ambiguity, debate and managing multiple stakeholders.
• Ability to solve problems creatively and effectively.
• Strong leadership skills and proven ability to drive performance in others.
• Enthusiastic, positive, and resilient.
• Ability to work well under pressure and to tight deadlines in a fast-paced demanding environment.
• Maintains high levels of accuracy and attention to detail.

To qualify for the role, you must have

• An understanding of Client Due Diligence/Anti Money Laundering/Financial Crime.
• An awareness of recent global events linked to financial crime and sanctions.
• Previous experience within a regulatory or professional services environment.
• A high degree of competency in verifying different client types using publicly available resources and subscription services.
• Strong analytical skills and strong risk awareness.
• Education to degree standard will be an advantage.
• Ideally, a relevant Financial Crime, AML qualification.