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.
M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc’s ambition to be the best loved and most successful savings and investments company in the world.
Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of 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.
Accountabilities/Responsibilities
- Conduct sample-based testing of KYC and due diligence cases managed both in-house and by TPAs/TAs across the AM business.
- Communicate testing outcomes with the relevant 1LoD functions and support the development of mitigation plans.
- Support define and help in to execute 1LoD financial crime testing plans.
- Document testing results and prepare reports, highlighting any deficiencies or areas for improvement.
- Document mitigating actions to be implemented where financial crime deficiencies or gaps are found.
- Ensure the implementation of mitigating actions within in-scope processes.
- Upskill on testing activities and knowledge of financial crime operational processes.
- Provide training to teams conducting in scope FC activities where knowledge gaps are identified.
Key Stakeholder Management
Internal
External
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills:
- Demonstratable QC/QA experience delivering high quality work
- Proven experience of PEPs, Sanctions and adverse media screening
- Decent knowledge and experience of best practices in building and maintaining KYC processes
- KYC process experience for different asset management related entity types, such as Trusts, Funds, regulated entities, SPV etc.
- KYC/ AML experience of analyzing complex ownership structures to determine risk exposure in accordance to applicable AML/KYC requirements.
- Proven ability to quickly understand and multitask across several IT applications, including Microsoft Word and Excel, as a minimum;
- Written skills and can communicate with individuals across all levels;
Excellent attention to detail and accuracy
Experience:
- Experience within assurance planning and execution, including sample-based testing.
- Experience within financial crime.
- Ability to demonstrate an understanding of financial crime risk management controls and process application.
- Strong written and verbal communication skills and ability to convey complex information to stakeholders at all levels.
Working knowledge of anti-money laundering, know-your-customers and client-on-boarding processes, regulations and processes within the Asset Management and financial services industry
Educational Qualification:
- Minimum overall 6-8 years of experience in Risk function within Financial Services, with 4 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.
