At a Glance
- Tasks: Join the Financial Crime Team to enhance fraud risk controls and support compliance.
- Company: Ernst & Young LLP, a leader in professional services with a strong brand.
- Benefits: Flexible working, career development opportunities, and supportive colleagues.
- Other info: Dynamic role with opportunities for personal growth and collaboration across teams.
- Why this job: Make a real impact in financial crime risk management while growing your skills.
- Qualifications: 1-2 years in financial crime, knowledge of UK regulations, and strong data analysis skills.
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 Risk Analyst (2nd Line) – Flexible & Growth 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 in the heart of Newcastle. Our commitment to employee growth is evident through tailored coaching and development opportunities, ensuring you can thrive in your role as a Financial Crime Risk Analyst. With flexible working arrangements and a focus on meaningful contributions to risk management, you'll find a rewarding environment where your expertise in financial crime can truly make a difference.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Risk Analyst (2nd Line) – Flexible & Growth in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime and risk management sectors. Use LinkedIn to connect with current employees at EY or similar firms. A friendly chat can sometimes lead to job opportunities that aren’t even advertised!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulations related to fraud and sanctions. We recommend creating a cheat sheet of key points to discuss, so you can impress your interviewers with your expertise and enthusiasm.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've managed and analysed data sets in previous roles. Bring examples of how your insights have led to improvements in fraud risk management or compliance.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Financial Crime Risk Analyst (2nd Line) – Flexible & Growth in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Crime Risk Analyst role. Highlight your experience in financial crime and risk management, and don’t forget to mention any relevant skills like data analysis or knowledge of UK regulations.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about financial crime risk management and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Your Skills:In your application, be sure to showcase your Microsoft skills, especially Excel and PowerPoint. Mention any specific projects where you’ve used these tools to manage or analyse data sets effectively.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us, so we can review it promptly!
How to prepare for a job interview at EY
✨Know Your Financial Crime Basics
Make sure you brush up on the key regulations around financial crime, including money laundering and fraud. Being able to discuss these topics confidently will show that you're serious about the role and understand its importance.
✨Showcase Your Analytical Skills
Prepare examples of how you've used data analysis in previous roles. Whether it's through Excel or other tools, being able to demonstrate your ability to manage and analyse data sets will be crucial for this position.
✨Communicate Effectively
Practice articulating your thoughts clearly and concisely. Since the role involves liaising with various stakeholders, showcasing your communication skills during the interview will help you stand out.
✨Demonstrate Proactivity
Share instances where you've taken the initiative to improve processes or address risks in your past roles. This will highlight your proactive nature and genuine interest in becoming a subject matter expert in financial crime.
