Financial Crime Monitoring and Assurance Lead

M&G plc; City of Edinburgh; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Financial Crime Monitoring and Assurance Lead to oversee the development and maintenance of a comprehensive assurance framework. This pivotal role involves coordinating assurance activities across various financial crime functions globally, ensuring effective risk management. The ideal candidate will possess extensive experience in financial crime, strong leadership skills, and the ability to influence stakeholders at all levels. Join a forward-thinking organization that values diversity and offers flexible working arrangements, making it an exciting opportunity for those passionate about financial integrity.

Qualifications

• Extensive experience in financial crime within asset management or insurance.
• Proven ability to design and manage assurance programs.

Responsibilities

• Coordinate the Financial Crime Assurance Framework and oversee assurance activities.
• Lead the Monitoring and Assurance team while managing financial crime functions.

Skills

Financial Crime Risk Management

Control Testing

Thematic Reviews

Stakeholder Communication

Leadership

Report Writing

Job description

Financial Crime Monitoring and Assurance Lead

M&G plc, Edinburgh, Scotland, United Kingdom

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Role Overview

The Monitoring and Assurance Lead is a leadership position responsible for coordinating the development and maintenance of the independent financial crime assurance framework. This includes overseeing methodologies and assurance activities across internal and external 2LoD financial crime functions, as well as 1LoD control activities globally where delegated.

Key Responsibilities

1. Coordinate the production and maintenance of the Financial Crime Assurance Framework.
2. Oversee assurance activities over internal and external 2LoD financial crime functions, developing supporting methodologies.
3. Manage assurance over 1LoD financial crime functions in the UK and globally, as delegated.
4. Develop and oversee assurance and quality control methodologies, test scripts, and plans for the Group Financial Crime Function.
5. Maintain frameworks for 2LoD thematic assurance over 1LoD and associated methodologies.
6. Lead assurance planning for 2LoD financial assurance over 1LoD.
7. Execute independent financial crime controls testing activities as part of risk and controls-self assessment (RCSA).
8. Oversee methodology for financial crime risk model validation.

Additional Responsibilities

1. Provide leadership to the Monitoring and Assurance team.
2. Offer guidance and act as escalation point for Group Financial Crime Assurance.
3. Build relationships with Internal Audit and Business Unit 1LoD teams to ensure an aligned and enterprise-wide assurance framework.
4. Support the Global Head of AFC in daily oversight of financial crime issues.
5. Perform other tasks as required.

Required Skills and Experience

• Extensive experience in financial crime, with deep understanding of risks in asset management and/or insurance sectors.
• Proven ability to design and manage control testing and assurance programs for financial crime risk management.
• Experience in conducting thematic reviews and identifying process improvements.
• Ability to summarize monitoring outcomes for senior management, including MLRO and governance committees.
• Strong leadership and team management skills.
• Excellent communication skills to influence stakeholders at all levels, including the Board.
• Detail-oriented report writing skills focused on control enhancements.

Additional Information

Level: Manager/Expert

Employment Type: Full-time

Job Function: Finance and Sales

Industries: Financial Services and Investment Management

Inclusion and Diversity

M&G values diversity and inclusion, offering flexible working arrangements and accommodations. We encourage applicants from all backgrounds, including those with disabilities or long-term health conditions, to apply. For assistance, contact us at: [e-mail].