Group MLRO

Job Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clientsand identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision were looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliverresults and keep it simple. 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. Role SummaryThis role represents an opportunity for a highly experienced MLRO to join M&G plc at a critical time in the evolution of the group. The successful candidate will be at the forefront of this large, growing international organization and as the Group MLROthey will lead the Group Financial Crime team building a high performing function across the globe. This role is also pivotal in terms of influencing and shaping the Financial Crime framework to ensure that this remains fit for purpose, as well as workingclosely with the first line to detect and prevent Financial Crime and to keep our customers safe. As Group MLRO, the role will deliver the legal and regulatory obligations of SMF17 for the Prudential Assurance Company Limited and M&G Investment Management Limited as well as carrying the Prescribed Responsibility for the prevention of Financial Crime forall FCA regulated entities in the M&G PLC Group of companies AccountabilitiesHead of Financial Crime responsibilities:• Lead the Financial Crime Compliance team across M&G PLC, including MLROs and nominated officers at legal entity level ensuring sufficient capacity and expertise within applicable resource constraints. • Oversight of the Financial Crime Compliance Framework covering all financial crime risks (excluding Market Abuse). • Drive and foster collaborative relationships across the business and support the businesss growth and change ambitions. • Act as principal point of contact for internal and external stakeholders (including regulators) in relation to financial crime. • Participate in and work with relevant industry bodies. • Participate in relevant Governance Committees. UK MLRO responsibilities:• Deliver the legal and regulatory obligations of SMF17 for the Prudential Assurance Company Limited and M&G Investment Management Limited. • Design, implement and oversee the UK Financial Crime Framework in respect of all financial crime risks and the implementation of UK financial crime policies and standards that adhere to Group standards. • Ensure oversight of financial crime operations with focus on identification of high-risk customers, due diligence, screening and transaction monitoring controls. • Approval of high-risk customers, counterparties and transactions, where required, escalating where risk may fall outside of financial crime risk appetite thresholds. • Appoint and oversee the Nominated Officer, ensuring that M&G meets its obligations in terms of suspicious activity reporting. • Responsible for the provision of regular and accurate Management Information and Reporting to the Boards of in-scope obliged entities and Group FCC on the effectiveness of financial crime processes, risks and controls. • Undertake regular assessments of M&Gs general exposure to financial crime risk, identifying inherent risk, mitigating controls and support in the testing of the effectiveness of such controls. • Acts as a senior point of escalation and advice for financial crime risk issues. • Coordinate and ensure a programme to monitor compliance with applicable financial crime laws and regulations and associated group and regional financial crime policies. • Oversee independent testing and audits regarding the efficacy of M&Gs financial crime policies, procedures, systems and controls, including overseeing monitoring of third parties in relation to outsourced financial crime activities. • Work alongside other regional AML officers and MLROs. • Develop a detailed UK financial crime training plan and be responsible for arranging and conducting training through various delivery channels and at different levels of management, including senior executives as appropriate. • Review developments in financial crime laws and regulations, including regarding institutions, classes of transactions, or types of accounts that have been designated as a primary ML/TF concern, and implement any special measures that have been imposed. • Developing and deliver against annual plan(s) that articulate(s) the risks, objectives and initiatives of the UK financial crime framework. Key Knowledge, Skills & Experience• Experience in the development (including resourcing) and management of a team in the provision and support of financial crime advice to senior management and the business. • Ability to build strong relationships at all levels across the business, flex interpersonal style accordingly and influence others effectively. • Ability to manage relationships with key external stakeholders including regulators, government bodies, law enforcement and industry bodies. • Proven experience including acting as a Money Laundering Reporting Officer/SMF17 for multiple FCA regulated firms within the same Group (Essential). • Track record in insurance, wealth management and asset management financial crime roles. • Detailed knowledge and understanding of the UK regulatory and legal Financial Crime requirements and awareness of regulatory and legislative developments and demonstrate their practical application. • Understanding of the regulatory environment for financial crime for M&G plc. Understanding of the specific challenges for M&G plc businesses. • Detailed knowledge of the expectations of the FCA and other relevant UK AML supervisory bodies (i.e. HMRC). • Extensive knowledge and experience across all financial crime risk pillars (Money Laundering, Sanctions, Fraud, Bribery & Corruption and Tax Evasion), as well as experience in developing a financial crime compliance framework • Ability to articulate financial crime risks and advice to key stakeholders across the business, building commitment to action and engaging stakeholders at all levels. • Experience in developing a detailed UK financial crime training plan and demonstrate a knowledge of arranging and conducting training through various delivery channels and at different levels of management, including senior executives as approp