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- Tasks: Validate financial crime models and ensure compliance with regulations.
- Company: Join M&G, a leading international savings and investments business.
- Benefits: Flexible working arrangements, inclusive culture, and career development opportunities.
- Why this job: Make a real impact in financial crime prevention while growing your expertise.
- Qualifications: Experience in financial crime validation and strong analytical skills required.
- Other info: Diverse and inclusive workplace welcoming all backgrounds and experiences.
The predicted salary is between 36000 - 60000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through 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.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Financial Crime Model Risk Validation AnalystIs an experienced role with day-to-day responsibility for executing financial crime model validation activities.
Financial crime responsibilities:
Define and execute financial crime model validation methodology and activities in accordance with the established validation plan and validation process.
Ensure that financial crime model validation methods are compliant with regulatory requirements.
Attest that financial crime models have been properly validated and reported to relevant internal and external parties.
Ensure that financial crime model validation documentation is complete, consistent, accurate, updated and approved.
Register and follow up on financial crime model risk validation findings, identified risks and agreed actions.
Escalate financial crime model risk validation findings issues.
Provide expert analysis and advice relating to financial crime model risk validation.
Support the maintenance of methodologies for 2LoD assurance and financial crime model validation.
Additional responsibilities:
Other tasks and activities within the scope of your role or team as required from time to time.
Skill requirements:
Experienced within financial crime and being able to demonstrate understanding of the financial crime risks inherent in the asset management and/or insurance sectors and regulatory knowledge relevant to these sectors.
Experienced in independent validation of AML, Fraud, Risk Rating, Screening models.
Experienced in independent validation of AML, Fraud transaction monitoring tools and associated models.
Experienced in model performance testing, back-testing, sensitivity analysis and benchmarking for assessing model effectiveness and identifying any weaknesses, biases or vulnerabilities in the model.
Proficiency in statistical models for anomaly detection.
Knowledge in fuzzy matching techniques and effectiveness testing including ATL and BTL testing.
Strong communications skills, with the ability to liaise and collaborate with Compliance and Business Unit 1LoD model teams and communicate to senior stakeholders.
Strong critical thinking and problem-solving skills.
[DESIRED] Programme and data analysis skills in Python, R, SQL, SAS or MATLAB for model validation and analytics
[DESIRED] Feature Engineering and algorithm optimisation including AI-driven detection techniques
[DESIRED] Cloud platforms knowledge (AWS, Azure, GCP) and big data frameworks (Hadoop, Spark)
(DESIRED) Experience of working with Bridger or similar screening tools
Experience Level: Experienced Colleague
Recruiter: Helen Simons
What we offer:At M&G, we\’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
As a savings and Investments firm we are proud to offer a valuable pension scheme of 18% , with 13% made up of Employer Contributions and 5% Employee Contributions . We also offer Share Save and our Share Incentive Plan , together with access to financial wellbeing and support services – to help give you real confidence to put your money to work.
Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave – as supporting families is a core aspect of our inclusive culture.
Health & protection cover including Private Healthcare , Critical Illness cover and Life Assurance for you, with family options – for peace of mind.
To explore more about life at M&G and our full benefits offering, visit Life at M&G
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, 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.
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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Financial Crime Model Risk Validation Analyst employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Model Risk Validation Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the financial crime and model validation space. Use LinkedIn to connect with current employees at M&G or similar companies. 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 technical skills. Make sure you can confidently discuss AML, fraud detection, and model validation techniques. We want you to shine when it comes to demonstrating your expertise!
✨Tip Number 3
Don’t forget to showcase your soft skills! Communication and problem-solving are key in this role. Think of examples from your past experiences where you’ve successfully collaborated with teams or tackled complex issues.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest roles we have available, including those in financial crime model risk validation. Let’s get you on board!
We think you need these skills to ace Financial Crime Model Risk Validation Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Crime Model Risk Validation Analyst role. Highlight your experience in financial crime, model validation, and any relevant regulatory knowledge. We want to see how your skills match what we're looking for!
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 validation and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills: Don’t forget to showcase your technical skills, especially in statistical models and programming languages like Python or SQL. If you've got experience with tools like Bridger or cloud platforms, make sure to mention that too. We’re all about those skills!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at M&G
✨Know Your Financial Crime Models
Make sure you brush up on the specific financial crime models relevant to the role. Understand the validation methodologies and regulatory requirements that govern these models. Being able to discuss your experience with AML, fraud detection, and risk rating models will show you're well-prepared.
✨Showcase Your Analytical Skills
Be ready to demonstrate your proficiency in statistical models and data analysis tools like Python, R, or SQL. Prepare examples of how you've used these skills in past roles, especially in model performance testing and back-testing. This will highlight your technical expertise and problem-solving abilities.
✨Communicate Effectively
Strong communication skills are key for this role. Practice explaining complex concepts in a clear and concise manner. Think about how you would communicate findings to senior stakeholders or collaborate with compliance teams. Good communication can set you apart from other candidates.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your critical thinking and decision-making skills. Think through potential challenges you might face in financial crime model validation and how you would address them. This will demonstrate your ability to think on your feet and apply your knowledge practically.
