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- Tasks: Conduct enhanced due diligence on clients and provide risk management support.
- Company: Join Ernst Young, a leader in professional services with a focus on building a better working world.
- Benefits: Gain valuable experience in financial crime compliance and work in a dynamic team environment.
- Why this job: Make a real impact by helping to combat financial crime and ensure compliance.
- Qualifications: Understanding of financial crime regulations and strong analytical skills required.
- Other info: Opportunity for career growth in a fast-paced, supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
Location: Newcastle-Upon-Tyne
Enhanced Due Diligence (EDD) Team Analyst
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 Opportunity
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.
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
Financial Crime - Enhanced Due Diligence (EDD) Team Analyst - Newcastle in Newcastle upon Tyne employer: Ernst & Young Advisory Services Sdn Bhd
Contact Detail:
Ernst & Young Advisory Services Sdn Bhd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime - Enhanced Due Diligence (EDD) Team Analyst - Newcastle in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to current or former employees at EY through LinkedIn. A friendly chat can give us insider info on the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of financial crime and EDD processes. We want to show that we’re not just familiar with the terms, but we can also apply them in real-world scenarios.
✨Tip Number 3
Practice common interview questions, especially those related to risk management and compliance. We can even do mock interviews with friends to build confidence and get feedback.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows we’re serious about joining the team!
We think you need these skills to ace Financial Crime - Enhanced Due Diligence (EDD) Team Analyst - Newcastle in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the EDD Analyst role. Highlight your experience in financial crime, AML, and risk management. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about financial crime compliance and how you can contribute to our team. Keep it engaging and relevant to the job description.
Showcase Your Communication Skills: Since strong communication is key for this role, make sure to demonstrate your ability to convey complex information clearly in your application. We love seeing candidates who can communicate effectively with diverse teams!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you're serious about joining our team at StudySmarter!
How to prepare for a job interview at Ernst & Young Advisory Services Sdn Bhd
✨Know Your Financial Crime Basics
Before the interview, brush up on your understanding of Client Due Diligence, Anti-Money Laundering, and financial crime regulations. Being able to discuss recent global events related to these topics will show that you're not just knowledgeable but also engaged with current affairs.
✨Showcase Your Communication Skills
As an EDD Analyst, you'll need to communicate effectively with a range of staff, including Partners. Practice articulating your thoughts clearly and confidently. Consider role-playing common interview questions with a friend to refine your delivery.
✨Demonstrate Team Spirit
Highlight your ability to work collaboratively. Share examples from your past experiences where you successfully worked in a team, especially in high-pressure situations. This will resonate well with the interviewers who value strong team players.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle ambiguity. Prepare by thinking through potential scenarios you might face as an EDD Analyst and how you would approach them. This will help you demonstrate your analytical skills and risk awareness.