We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited) . We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. 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.
Accountabilities / Responsibilities
Responsibilities
- Define the 1LoD financial crime testing plan.
- Implement and execute the 1LoD financial crime testing plan.
- Document testing results and prepare reports, highlighting any control deficiencies or areas for improvement.
- Coordinate the development of mitigation plans across the Life business.
- Implement financial crime actions and mitigation plans arising from Assurance / Audit Findings across 1LoD.
- Provide support and guidance to 1LoD teams on financial crime control implementation and testing.
Skill Requirements:
- Strong understanding of quality assurance testing, planning, and methodologies and their application within a financial crime compliance framework.
- Ability to interpret and analyse MI, identifying trends and potential risks.
- Demonstrated ability to track, escalate, and drive remediation of identified issues through to completion, ensuring accountability and timely closure.
- Ability to proactively manage and mitigate FC risks.
- Significant experience within financial crime.
- Experience in overseeing and upskilling junior team members.
- Ability to demonstrate deep understanding of financial crime risk management controls and process application.
- Excellent written and verbal communication skills and ability to convey complex information to stakeholders at all levels
- Ability to provide constructive and actionable feedback as well as effectively address and clarify any queries arising from this.
M&G Plc Risk Management team
Head of Financial Crime Prevention & Money Laundering Reporting Officer (MLRO)
Financial Crime Compliance Team
All Prudential UK Business Areas
M&G PLC Business Areas
Group-wide Internal Audit
Other M&G Group Business Units
Knowledge, Skills, Experience & Educational Qualification
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- Knowledge & Skills:
- Confidence & excellent communication
- Advanced working knowledge of anti-money laundering and know-your-customer regulations and processes within the Individual, Asset Management and financial services industry.
- Demonstratable QC/QA experience delivering high quality work
- Proven experience of PEPs, Sanctions and Negative Media screening
- Proven experience in performing financial crime risk assessments of clients and client-on-boarding processes
EDUCATION AND PROFESSIONAL QUALIFICATIONS NECESSARY:
- Minimum overall 6-8 years of experience in Financial Crime Compliance team within Financial Services, preferably insurance and banking industry, with 4-5 years of experience in Financial Crime Compliance field in QA QC function
- Graduate degree in Science /Commerce/Management Sciences/Business Administration/Law (B.Sc./B.Com/BMS/BBA/LLB )
- Certifications such as Certified Anti-Money Laundering Specialist (CAMS) examinations desirable
- Knowledge of EU & UK Regulations or experience of money laundering regulations and their practical application within a financial service organisation.
- Excellent analytical skills with the ability to review and interpret rules and regulations
- A good understanding of the regulated marketplace and the position of M&G within that market.
- A credible communicator both written and verbally.
- An understanding of the business drivers for appropriate business areas.
- Operates within the context of own function but has an awareness of the overall UK operation and its objectives.
- Independent, self-motivated, proactive, analytical and willing to work under pressure.
We have a diverse workforce and an inclusive culture at M&G Global Services, 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.
