At a Glance
- Tasks: Train and support new analysts in financial crime risk management.
- Company: Join EY, a global leader in professional services with a diverse team.
- Benefits: Competitive pay, flexible working, career development, and wellness support.
- Other info: Dynamic role with opportunities for personal and professional growth.
- Why this job: Make a real impact by ensuring compliance and protecting the firm's reputation.
- Qualifications: Strong communication skills and a team player attitude required.
The predicted salary is between 40000 - 50000 £ per year.
At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.
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. As a result, EY is building a centralised Customer Due Diligence (CDD) team to support financial crime compliance with respect to client acceptance procedures.
The Central CDD 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 opportunity for a high-calibre candidate to join the CDD Training Team, with primary responsibility for onboarding and developing junior analysts during their first six months with the firm. Reporting to the Training Manager, the role is integral to ensuring compliance with applicable financial crime legislation by supporting new joiners in conducting robust due diligence activities.
Your key responsibilities:
- Provide comprehensive training and support to new joiners
- Act as a primary point of contact for new joiners providing prompt and concise guidance
- Provide regular training management information to key stakeholders on key operational and risk matters
- Perform risk based financial crime due diligence on clients of the firm in accordance with EY policy and procedure
- Perform Route to Competency and Quality Control reviews for new joiners in accordance to established EY policy and processes
- Suggest improvements in the review and maintenance of client on-boarding and monitoring procedures, assess engagement risk and update and amend as necessary
- Other tasks, as directed by the central CDD team management
Skills and attributes for success:
- Strong communication skills capable of dealing with wide range of staff, including Partners.
- A confident presenter.
- 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.
- 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.
What working at EY offers:
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
- Support and coaching from some of the most engaging colleagues around
- Opportunities to develop new skills and progress your career
- The freedom and flexibility to handle your role in a way that’s right for you
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
L2 - Financial Crime Senior Risk Associate - Training - UK&I - Risk Management - 12m FTC Newcastle employer: EY UK
At EY, we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to thrive. As a Financial Crime Senior Risk Associate in Newcastle, you will benefit from comprehensive training, flexible working arrangements, and a supportive environment that prioritises your professional growth and well-being. Join us to be part of a globally connected team dedicated to building a better working world while enjoying a competitive remuneration package and opportunities for career advancement.
StudySmarter Expert Advice🤫
We think this is how you could land L2 - Financial Crime Senior Risk Associate - Training - UK&I - Risk Management - 12m FTC Newcastle
✨Get Engaged with Compliance Communities
Dive into local and online compliance forums and groups. Platforms like LinkedIn often have specific groups for compliance and risk professionals where you can meet seasoned pros and gain insights. Join in on discussions and don’t hesitate to ask questions – your eagerness to learn will show through!
✨Leverage University Career Services
As a trainee, your university’s career services are goldmines for landing internships. Take advantage of their workshops and employer events where you can connect directly with companies like EY UK. They often have exclusive internship postings and can prepare you for interviews.
✨Attend Compliance and Risk Events
Look out for events such as workshops, webinars, or conferences focusing on compliance and risk management. Engaging at these events can help you network with industry insiders and potentially land an internship with firms like EY UK looking for eager trainees.
✨Showcase Your Knowledge
Consider writing short articles or blog posts about compliance topics you find interesting. Share them on platforms like LinkedIn to demonstrate your understanding and passion for the field. This not only builds your profile but can catch the eye of companies like EY UK looking for trainees who are proactive and knowledgeable.
We think you need these skills to ace L2 - Financial Crime Senior Risk Associate - Training - UK&I - Risk Management - 12m FTC Newcastle
Some tips for your application 🫡
Show Off Your Knowledge in Compliance and Risk:Make sure your CV highlights any relevant coursework, certifications, or projects that align with compliance and risk management. If you've taken any specific training or workshops related to this area, definitely mention those—this shows us you mean business in your interest!
Tailor Your Cover Letter to Demonstrate Enthusiasm:When writing your cover letter, focus on why you're excited about starting a career in compliance and risk. Talk about your motivation to learn and how the trainee position at EY UK can help you grow your skills. We love seeing passion for the field!
Familiarise Yourself with Relevant Regulations:Before submitting your application, brush up on current compliance regulations relevant to our industry. Mentioning specific regulations in your CV or cover letter will not only impress us but also show your proactive approach to learning.
Craft a Clear and Structured CV:In compliance-risk roles, clarity and attention to detail are crucial. Make sure your CV is well-structured and easy to read—think bullet points for your skills and experiences. It's a great way to demonstrate your organisational skills, which we value here at EY UK.
How to prepare for a job interview at EY UK
✨Get comfy with regulations!
As a trainee in compliance-risk, you’ll need to show that you know your stuff when it comes to regulations and policies relevant to the sector. Brush up on key regulations like GDPR or AML – you might get asked to explain how they impact businesses during your interview with EY UK.
✨Demonstrate analytical skills
In compliance-risk, analytical thinking is key! Prepare to discuss any experiences where you've identified risks or suggested improvements. Be ready to showcase how you approach problem-solving, as you may be presented with hypothetical scenarios at the interview!
✨Show your eagerness to learn
As a trainee, employers like EY UK are looking for potential and enthusiasm rather than extensive experience. Be prepared to discuss your motivation for pursuing a career in compliance-risk and how you're keen to develop your skills, perhaps through relevant coursework or volunteering.
✨Get familiar with interviews’ practical elements
Expect the interview process to be a bit more hands-on, perhaps with case studies or role-playing scenarios. You might be asked to analyse a fictional risk situation and present your findings. Practise structuring your thoughts – it’s all about thinking on your feet!
