Enhanced Due Diligence Specialist
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Job Location:
Monthly Salary:
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
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 work place accommodations to ensure you have what you need to effectively deliver in your role.
The Role:
EDD Senior Specialist is an experienced role with responsibility to conduct Enhanced Due Diligence (EDD) on required customers across the Individual Life & Pensions Retirement Account and Advice books of business.
Main Responsibilities:
- Where Know Your Customer (KYC) activities are conducted by Life FCO DD Specialists this role will manage cases requiring EDD of High-Risk Customers by conducting the below activities:
- Conduct EDD on required customers across the Individual Life & Pensions Retirement Account and Advice books of includes conducting EDD on complex corporate structures including multi layered entities offshore companies foundations nominees and trusts
- Assess beneficial ownership and decision making structures. Review and analyse corporate documentation to ensure it aligns with internal financial crime standards.
- Where high risk decisions are required coordinate with accountable decision makers to obtain sign off.
- Review and provide input into EDD reports to be shared with accountable decision makers across the business.
- Support the business with advice and guidance on due diligence related matters.
- Complete EDD of identified PEPs and non-PEPs high risk clients.
- Act as an escalation point for the team where additional expertise or decision making is required.
- Subject Matter Expert in support & guidance to Life & Wealth business from AML & Screening related issues.
- To support team in assessing Politically Exposed Person sanctioned individual / entity matches identified through the FCC PEP / Sanctions solution(s) and ensure that all PEPs and Sanctioned individuals / entities are reported promptly to the AML Reporting Manager in an agreed format.
Key Knowledge Skills & Experience
- Experience reviewing KYC documentation checking its authenticity and making appropriate risk-based decisions.
- Good knowledge of corporate vehicles (LLCs LLPs LPs SPVs trusts offshore entities).
- Experience managing escalations and complex cases.
- Ability to demonstrate expertise on anti-money laundering counter-terrorist financing and KYC regulations.
- Strong organisational and coordination capability to manage multiple time sensitive requests at one time.
- Strong communication skills and ability to work with a diverse range of stakeholders both internally and externally.
- Good understanding of sanctions regulations PEP and other relevant compliance requirements.
- Experience with conducting and discounting PEP sanctions and adverse media alerts.
- Understanding of sanctions regulations PEP lists and other relevant compliance requirements.
- Knowledge of relevant compliance regulators and their regulations.
- Knowledge of money laundering compliance requirements across various banking and insurance products.
- Strong interpersonal skills with the ability to establish credibility and strong partnership with business partners and clients when required.
- Ability to collaborate in a team based environment across functional disciplines and lines of business.
- Strong analytical problem-solving and organizational skills
- Ability to operate remotely in a diverse and multi-cultural environment.
- Ability to plan and prioritize own schedule ensuring timely completion of responsibilities
- Strong work ethic with the highest levels of professionalism commitment and integrity.
EDUCATION AND PROFESSIONAL QUALIFICATIONS NECESSARY:
- Experience in Risk or Financial Crime function within Financial Services
- Certifications such as Certified Anti-Money Laundering Specialist (CAMS) examinations desirablebut not a requirement.
- Knowledge of UK Regulations or experience of money laundering regulations and their practical application within a financial service organization.
- Excellent analytical skills with the ability to review and interpret rules and regulations
- A credible communicator both written and verbally.
- An understanding of the business drivers for appropriate business areas.
- Independent self-motivated proactive analytical and willing to work under pressure.
- Excellent communication skills written and verbal
- Team player
Work Level : Experienced Colleague
Recruiter: Hollie Doran
Location: Kildean (Hybrid 2 - 3 days in the office per week)
What we offer:
At M&G were 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 Life at M&G
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 Disability Confident Leader and we welcome applications from candidates with long-term health conditions disabilities or neuro-divergent conditions.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:
Required Experience:
IC
