At a Glance
- Tasks: Lead financial crime risk management and ensure compliance in a dynamic financial services environment.
- Company: Join M&G plc, a leading firm with over 175 years of innovation in finance.
- Benefits: Enjoy 38 days annual leave, competitive pension, and comprehensive health cover.
- Why this job: Make a real impact in financial crime prevention while growing your career.
- Qualifications: Experience in financial crime and strong knowledge of UK regulations required.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
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 workplace accommodations to ensure you have what you need to effectively deliver in your role.
Join M&G plc’s Global Financial Crime Compliance team and be part of an exciting journey of growth and transformation. This role offers a unique opportunity to provide independent oversight, support, and challenge to M&G Life’s Financial Crime Risk Management Framework, ensuring robust controls and compliance as the business delivers on its ambitious growth and change agenda. If you’re passionate about financial crime prevention and eager to make a meaningful impact within a leading financial services organisation, we’d love to hear from you.
The Life Financial Crime Advisory Manager is a management level role with day-to-day responsibility for executing activities to enable implementation of the group financial crime risk management framework within the UK Life business.
Financial crime responsibilities:- Provide review and challenge of the consolidated Life EWRA and track progress against actions arising from the EWRA.
- Execute independent oversight over Life Client, IFA, and Other Third Party risk decisioning.
- Provide review and challenge of Life 1LoD Risk and Controls Self Assessment actions.
- Track and analyse the exemptions and breaches, waivers and dispensations to Group Financial Crime Standards pertaining to Life.
- Request local UK Life 2LOD local exemptions for waivers and dispensations from Group Financial Crime Policies and Standards, develop mitigation plans, and maintain records.
- Manage escalations for local 2LoD from UK Life 1LoD for exemptions, waivers and dispensations for Group Financial Crime Policies and Standards.
- Produce UK Life MLRO reports and other Senior Management reporting for UK 2LoD in line with Group Financial Crime Governance and Management Information Framework.
- Support risk decisioning in Life as per M&G PLC's Financial Crime Risk Appetite and Risk Decisioning Matrix as UK 2LoD.
- Disseminate Group financial crime training to the Life business.
- Track completion of financial crime mandatory and role-specific training for the local UK Life business.
- Prepare REP-CRIM and other regulatory reports for applicable Life legal entities in the UK.
- Provide advice and guidance to Life 1LoD teams on Group Financial Crime Policies and Standards and relevant UK regulations.
- Provide advice and guidance regarding the application processes for the registration of Life entities as Annex I financial institutions.
- Oversee adoption of the Group issue management framework for financial crime and the Governance, Risk, and Compliance (“GRC”) tool (MetricStream) and review and challenge the progress against actions on MetricStream.
- Implement 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.
- Established experience within financial crime and being able to demonstrate deep understanding of the financial crime risks inherent in the insurance sector. (Essential)
- Strong knowledge of UK financial crime laws and regulations, including AML, Sanctions, ABC and fraud prevention, preferably including in the context of above-mentioned sector. (Essential)
- Excellent communication skills, with the ability to coordinate with senior stakeholders and communicate and explain risk decisions.
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. 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, 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.
Life Financial Crime Advisory Manager in Stirling employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Financial Crime Advisory Manager in Stirling
✨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 interviews by brushing up on your knowledge of UK financial crime laws and regulations. Be ready to discuss how your experience aligns with M&G's mission to combat financial crime.
✨Tip Number 3
Showcase your communication skills! During interviews, demonstrate how you can effectively coordinate with senior stakeholders and explain complex risk decisions in simple terms.
✨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, you’ll find all the latest roles and updates there.
We think you need these skills to ace Life Financial Crime Advisory Manager in Stirling
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in financial crime and compliance. We want to see how your skills align with the specific responsibilities of the Life Financial Crime Advisory Manager role.
Showcase Your Knowledge: Demonstrate your understanding of UK financial crime laws and regulations in your application. We’re looking for someone who can clearly articulate their expertise in AML, sanctions, and fraud prevention, so don’t hold back!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to explain your past experiences and how they relate to the role. We appreciate a well-structured application that’s easy to read.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, you’ll find all the info you need about the application process there!
How to prepare for a job interview at M&G
✨Know Your Financial Crime Stuff
Make sure you brush up on your knowledge of UK financial crime laws and regulations, especially in the context of the insurance sector. Be ready to discuss AML, sanctions, and fraud prevention, as these are crucial for the role.
✨Showcase Your Communication Skills
Since this role involves coordinating with senior stakeholders, practice articulating complex risk decisions clearly and confidently. Prepare examples of how you've effectively communicated in past roles, especially in challenging situations.
✨Understand the Company’s Values
Familiarise yourself with M&G's purpose and values. They emphasise integrity and collaboration, so think about how your personal values align with theirs and be prepared to share relevant experiences that demonstrate this.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in financial crime risk management. Think through potential challenges you might face in the role and how you would address them, using specific examples from your experience.