At a Glance
- 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 risk management.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Fast-paced environment with opportunities for growth and collaboration.
- Why this job: Make a real impact in financial crime compliance while working with a talented team.
- Qualifications: Experience in EDD or AML, strong analytical skills, and a degree is preferred.
The predicted salary is between 45000 - 55000 £ per year.
Enhanced Due Diligence (EDD) Senior Analyst – L2 - 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 (RMs) 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 Senior 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
You will, as an EDD Senior Analyst, be a key part of a EDD team performing 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.
- Perform risk based financial crime due diligence on clients of the firm in accordance with EY policy and procedure
- 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 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.
- Is 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
- Experience in Enhanced 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
- #J-18808-Ljbffr
Enhanced Due Diligence -EDD - Senior Analyst - L2 - Newcastle employer: EY UK
EY UK is an exceptional employer, offering a dynamic work culture in Birmingham that fosters professional growth and development. As a Senior HR Help Desk Advisor, you'll benefit from comprehensive training, a supportive team environment, and clear pathways for career advancement into Employee Relations, all while contributing to a company renowned for its commitment to employee well-being and inclusivity.
StudySmarter Expert Advice🤫
We think this is how you could land Enhanced Due Diligence -EDD - Senior Analyst - L2 - Newcastle
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like EY UK looking for candidates who are engaged and informed.
We think you need these skills to ace Enhanced Due Diligence -EDD - Senior Analyst - L2 - Newcastle
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at EY UK. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at EY UK
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with EY UK’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
