At a Glance
- Tasks: Lead financial crime risk management across the Life business and ensure compliance with regulations.
- Company: M&G is a trusted international savings and investments firm with over 170 years of experience.
- Benefits: Enjoy flexible working arrangements and workplace accommodations tailored to your needs.
- Why this job: Join a dynamic team focused on safeguarding reputation while making a real impact in financial crime prevention.
- Qualifications: Significant experience in financial crime, particularly in Life insurance or wealth management sectors required.
- Other info: We celebrate diversity and welcome applications from all backgrounds, including those with disabilities.
The predicted salary is between 72000 - 108000 £ 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. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
The Role: The Head of Anti Financial Crime is a senior leadership role with overarching responsibility for setting the strategic direction and overseeing all aspects of financial crime risk management across Life business, across its sub-businesses and geographies. The Head of Financial Crime will be responsible for the development and implementation of a financial crime framework across the Business in line with M&G’s Policies and Standards for financial crime. The Head of Financial Crime will provide leadership and guidance across the Business to ensure effective risk management and compliance with applicable laws and regulations. They will collaborate with stakeholders across the business, and manage relationships with the equivalent financial crime counterparts at M&G and external partners to safeguard the business's reputation.
Key Responsibilities Include:
- Provide overall leadership for financial crime across the Life Business and enable senior leadership to effectively discharge their regulatory responsibilities.
- Ensure Business risk appetite is set and maintained so that risks are in line with financial crime Policies and Standards and account for specificity of the Business’ clients, products, and services.
- Ensure Business is operating within tolerance of all financial crime requirements.
- Ensure all Business financial crime controls are fit for purpose and risks are appropriately mitigated.
- Ensure effective oversight of financial crime systems and controls executed both within Business financial crime teams and those discharged by service providers (including the identification and remediation of issues).
- Represent the Business in relevant governance forums and report to senior leadership on financial crime matters to enable effective senior leadership oversight and escalations.
- Proactively monitor and respond to KRIs to identify areas of concern and ensure suitable responses are delivered.
- Provide overall leadership for financial crime change and transformation including making prioritisation decisions and approving budgets.
- Build collaborative relationships with other businesses, 2nd Line teams and service providers to drive communication and information sharing.
- Support relevant stakeholders in managing engagement with external legal and regulatory bodies.
- Provide overall leadership, strategic direction and ongoing management of financial crime teams across the Business.
Key Skills and Experience Required:
- Significant evidence of relevant experience within financial crime, and being able to demonstrate deep understanding of the financial crime risks inherent in the Life insurance, Retail and/or Wealth sector.
- Relevant experience within the Life insurance and/or wealth management sector and relevant business functions including client onboarding, policy administration, claims management, and their associated operational processes and regulatory requirements.
- Proven track record of managing financial crime risks within a retail-focused financial services environment, including familiarity with customer due diligence, regulations, and fraud prevention strategies relevant to individual customers.
- In-depth knowledge of financial crime laws and regulations, including AML, Sanctions, ABC and fraud prevention, preferably including in the context of Life and/or Wealth management.
- Proven experience in supporting delivery of large-scale financial crime mitigation strategies in Global organisations.
- Strong leadership and team management skills, with experience in leading cross-functional teams including compliance, risk, technology and operations.
- Excellent communication skills, with the ability to influence senior stakeholders including Board, and communicate regulatory concepts clearly.
Location: Stirling/Edinburgh/London
Work Level: Integration Leader
Recruiter: Sarah Mathers
Closing Date: 28 May 2025
We have a diverse workforce and an inclusive culture at M&G plc, 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. 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.
Head of Anti Financial Crime - Life employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Anti Financial Crime - Life
✨Tip Number 1
Familiarise yourself with the latest financial crime regulations and trends, especially those relevant to the Life insurance and Wealth management sectors. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals already working in financial crime roles within the insurance and wealth sectors. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed financial crime risks in previous roles. Highlight your leadership skills and ability to influence senior stakeholders, as these are crucial for the Head of Anti Financial Crime position.
✨Tip Number 4
Research M&G's values and culture thoroughly. Understanding their approach to financial crime and how they prioritise integrity and compliance will allow you to align your responses during interviews, showcasing that you're a great fit for their team.
We think you need these skills to ace Head of Anti Financial Crime - Life
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime, particularly within the Life insurance and wealth management sectors. Use specific examples to demonstrate your understanding of financial crime risks and compliance.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your leadership skills and experience align with M&G's values and the responsibilities of the Head of Anti Financial Crime position.
Highlight Key Skills: Emphasise your strong communication skills and ability to influence senior stakeholders. Mention any experience you have in managing cross-functional teams and delivering large-scale financial crime mitigation strategies.
Showcase Your Knowledge: Demonstrate your in-depth knowledge of financial crime laws and regulations, such as AML and fraud prevention. Provide examples of how you've applied this knowledge in previous roles to ensure compliance and mitigate risks.
How to prepare for a job interview at M&G
✨Understand Financial Crime Regulations
Make sure you have a solid grasp of the financial crime laws and regulations relevant to the Life insurance and Wealth management sectors. Be prepared to discuss how these regulations impact risk management and compliance strategies.
✨Demonstrate Leadership Experience
Highlight your previous leadership roles, especially in managing cross-functional teams. Share specific examples of how you've successfully led initiatives related to financial crime risk management and transformation.
✨Showcase Stakeholder Engagement Skills
Prepare to discuss your experience in building relationships with senior stakeholders and external partners. Emphasise your ability to communicate complex regulatory concepts clearly and influence decision-making at the highest levels.
✨Be Ready for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about past challenges you've faced in financial crime risk management and how you addressed them effectively.