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- Tasks: Support financial crime risk management and ensure compliance within the UK Life business.
- Company: Join M&G, a leading international savings and investments firm with over 170 years of experience.
- Benefits: Inclusive culture, diverse workforce, and opportunities for career growth and development.
- Why this job: Make a real impact in financial crime prevention while working with a supportive team.
- Qualifications: Experience in financial crime and knowledge of UK regulations are essential.
- Other info: We welcome applications from all backgrounds, including those with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
The Life Financial Crime Advisory Consultant is an experienced role with day-to-day responsibility for supporting activities to enable implementation of the group financial crime risk management framework within the UK Life business.
Financial crime responsibilities
- Support the execution of the Life Enterprise-Wide Risk Assessment (EWRA), including tracking actions and contributing to review and challenge activities.
- Assist in the independent oversight of Life Client, IFA, and Other Third Party risk decisioning processes.
- Support the review and challenge of Life 1LoD Risk and Controls Self Assessment actions.
- Assist in the preparation of UK Life MLRO reports and other Senior Management reporting in line with Group Financial Crime Governance and MI Framework.
- Disseminate Group financial crime training to the Life business and track completion of mandatory and role‑specific training.
- Support the preparation of REP‑CRIM and other regulatory reports for applicable Life legal entities in the UK.
- Provide day‑to‑day advice and guidance to Life 1LoD teams on Group Financial Crime Policies and Standards and relevant UK regulations.
- Assist with the application processes for the registration of Life entities as Annex I financial institutions.
Additional responsibilities
- Support the adoption of the Group issue management framework for financial crime and the Governance, Risk, and Compliance (GRC) tool (MetricStream).
- Assist in implementing actions for UK 2LoD arising from Assurance / Audit Findings relating to UK Life businesses.
- Other tasks and activities within the scope of your role or team as required from time to time.
Skill requirements
- Experience within financial crime and a strong understanding of the financial crime risks inherent in the insurance sector (Essential).
- Working knowledge of UK financial crime laws and regulations, including AML, Sanctions, ABC, and fraud prevention (Essential).
- Strong analytical and critical thinking skills, with the ability to support risk decisioning and control enhancement.
- Effective communication skills and ability to work with a diverse range of stakeholders within and outside of the team.
Experience Level: Experienced Colleague
Recruiter: Helen Simons
We have a diverse workforce and an inclusive culture at M&G plc. We are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader and we welcome applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job will be offered an interview if they opt in to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com
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Life Financial Crime Advisory Consultant employer: M&G plc
Contact Detail:
M&G plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Financial Crime Advisory Consultant
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime sector, especially those at M&G. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of UK financial crime laws and regulations. Be ready to discuss how your experience aligns with the responsibilities of the Life Financial Crime Advisory Consultant role.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled financial crime risks in the past. This will demonstrate your critical thinking abilities and make you stand out.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Life Financial Crime Advisory Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Life Financial Crime Advisory Consultant role. Highlight your experience in financial crime and any relevant skills that match the job description. We want to see how you can bring your unique expertise to 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 prevention and how your background aligns with M&G's values. Remember, we love authenticity, so let your personality come through!
Showcase Relevant Experience: When filling out your application, be sure to showcase your experience with UK financial crime laws and regulations. We’re looking for candidates who can hit the ground running, so don’t hold back on sharing your achievements in this area!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be all set!
How to prepare for a job interview at M&G plc
✨Know Your Financial Crime Stuff
Make sure you brush up on your knowledge of financial crime laws and regulations, especially those relevant to the insurance sector. Being able to discuss AML, sanctions, and fraud prevention confidently will show that you're serious about the role.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical and critical thinking skills during the interview. Think of examples where you've supported risk decisioning or enhanced controls in previous roles. This will help you stand out as a candidate who can tackle complex issues.
✨Communicate Like a Pro
Effective communication is key in this role. Practice explaining complex concepts in simple terms, as you'll need to work with a diverse range of stakeholders. Consider role-playing with a friend to get comfortable with articulating your thoughts clearly.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving abilities in real-life situations. Think about how you would handle specific financial crime challenges and be prepared to discuss your thought process and the actions you would take.
