Life Financial Crime Advisory Consultant in City of London

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 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.

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Employment Details

• Employment Type: Full‑Time
• Vacancy: 1