At a Glance
- Tasks: Join the Financial Crime Team to enhance fraud controls and support compliance efforts.
- Company: Ernst & Young LLP, a leader in professional services with a strong brand reputation.
- Benefits: Flexible working, coaching from experienced colleagues, and opportunities for career progression.
- Other info: Dynamic team environment with a focus on continuous improvement and skill development.
- Why this job: Make a real impact in financial crime prevention while developing your expertise.
- Qualifications: 1-2 years in financial crime and knowledge of relevant UK regulations required.
The predicted salary is between 30000 - 40000 £ per year.
Within the professional services environment, the application of effective risk management is fundamental to both successful delivery of client services and promotion of our brand. Risk management (RM) encompasses the technical support and processes which enable the delivery of service quality, contain the threat of litigation, limit damage to our reputation and achieve full fee recovery.
The RM team is responsible for supporting Ernst & Young LLP in the execution of and compliance risk management policies and procedures. The team assists with the development, maintenance, communication, and training of key RM policies, providing advice on complex risk matters and monitoring the application of these policies.
The Financial Crime Team is the part of RM that ensures the firm is compliant and has effective controls to manage risks connected with financial crime, including money laundering, bribery and corruption, economic sanctions, and fraud.
This is a fantastic opportunity to join the Financial Crime Team and help fulfil its responsibility to execute EY’s risk strategy, policies and processes particularly in relation to fraud and sanctions. This includes assisting a programme of enhancement to the existing controls to prevent, detect and mitigate fraud risk along with aiding in implementing EY’s sanctions policy in a second line of defence team.
Your key responsibilities:
- Assisting the development of analytics and the collation of fraud events detected or reported against the Firm
- Assisting testing to assure 1st line controls in place to mitigate fraud risks are effective and deliver continuous improvement
- Working alongside the sanctions function, aiding reviews, investigations, and conversations with the business
- Supporting the development and reporting of effective KRI, KPI and MI to measure control effectiveness
- Ability to communicate effectively with business stakeholders
- Assisting the preparation and maintenance of records
Skills and attributes for success:
- Understanding of the requirements of a 2nd line role regarding effective fraud risk and sanctions management
- Base knowledge of relevant UK regulations relating to fraud, sanctions, and AML
- A genuine and proactive interest in becoming a subject matter expert in financial crime
- Ability to work to pre-determined deadlines and meet objectives
- Good personal communication and influencing skills
- Ability to prioritise multiple tasks
To qualify for the role, you must have:
- 1-2 years’ experience in financial crime
- Knowledge of law and practice around financial crime
- A good level of Microsoft skills including Excel and PowerPoint
- Skills in managing and analysing data sets
- The ability to establish a high degree of credibility, respect, and trust at all levels
- Able to build and maintain relationships across the firm (jurisdictions and service lines)
- Effective planning and organising skills to prioritise key areas of responsibility, tasks and projects
What we offer:
- Support and coaching from some of the most engaging colleagues around
- The freedom and flexibility to handle your role in a way that’s right for you
- Opportunities to develop new skills and progress your career
Financial Crime Associate - Risk Management - Newcastle - 12 Month FTC in Newcastle upon Tyne employer: EY
At Ernst & Young LLP, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our Newcastle office provides a supportive environment where you can develop your skills in financial crime risk management while enjoying the flexibility to balance your professional and personal life. With ample opportunities for career progression and mentorship from experienced colleagues, joining our Financial Crime Team means becoming part of a forward-thinking organisation committed to your growth and success.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Associate - Risk Management - Newcastle - 12 Month FTC in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to current employees at EY or in the financial crime sector on LinkedIn. A friendly chat can give you insider info and might just lead to a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulations related to fraud and AML. We want you to show off your expertise and passion for financial crime!
✨Tip Number 3
Practice your communication skills! You’ll need to effectively engage with stakeholders, so role-play common interview scenarios with a friend to build confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you’re serious about joining the team.
We think you need these skills to ace Financial Crime Associate - Risk Management - Newcastle - 12 Month FTC in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Crime Associate role. Highlight your experience in financial crime and risk management, and don’t forget to mention any relevant skills like data analysis or communication. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about financial crime and how your background makes you a great fit for the role. Keep it concise but engaging – we love a good story!
Showcase Relevant Experience:When filling out your application, be sure to showcase any relevant experience you have in fraud risk management or compliance. We’re looking for candidates who understand the ins and outs of financial crime, so don’t hold back!
Apply Through Our Website:We encourage you to apply through our website for a smooth application process. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the info you need about the role right there!
How to prepare for a job interview at EY
✨Know Your Financial Crime Basics
Make sure you brush up on your knowledge of financial crime regulations, especially those relevant to the UK. Understanding money laundering, bribery, and sanctions will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Analytical Skills
Since the role involves working with data analytics and fraud detection, be prepared to discuss your experience with data management tools like Excel. Bring examples of how you've used data to identify risks or improve processes in previous roles.
✨Communicate Effectively
Practice articulating complex risk matters clearly and concisely. You’ll need to demonstrate your ability to communicate with various stakeholders, so think of examples where you’ve successfully influenced others or resolved conflicts.
✨Demonstrate Your Proactive Approach
Employers love candidates who take initiative. Be ready to share instances where you’ve proactively identified risks or contributed to improving controls. This will highlight your commitment to continuous improvement and your potential as a subject matter expert.
