Head of Financial Crime - Life | London, UK

Head of Financial Crime - Life

Posted: 23 hours ago | Type: Permanent | Salary: Competitive

About M&G:
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.

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.

We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

The Role:
The Head of Financial Crime is a senior leadership role with overarching responsibility for setting the strategic direction and overseeing all aspects of financial crime risk management across the Life business. This includes the development and implementation of a financial crime framework in line with M&G's Policies and Standards for financial crime. The Head of Financial Crime will provide leadership and guidance across the Business to ensure effective risk management and compliance with applicable laws and regulations.

Key Responsibilities Include:

• Provide overall leadership for financial crime across the Life Business and enable senior leadership to effectively discharge their regulatory responsibilities.
• Ensure Business risk appetite is set and maintained so that risks are in line with financial crime Policies and Standards.
• Ensure all Business financial crime controls are fit for purpose and risks are appropriately mitigated.
• Ensure effective oversight of financial crime systems and controls executed within Business financial crime teams.
• Represent the Business in relevant governance forums and report to senior leadership on financial crime matters.
• Proactively monitor and respond to KRIs to identify areas of concern.
• Provide overall leadership for financial crime change and transformation.
• Build collaborative relationships with other businesses and service providers.
• Support relevant stakeholders in managing engagement with external legal and regulatory bodies.
• Provide overall leadership, strategic direction, and ongoing management of financial crime teams across the Business.

Key Skills and Experience Required:

• Significant experience within financial crime, demonstrating deep understanding of financial crime risks in the Life insurance, Retail, and/or Wealth sector.
• Relevant experience in Life insurance and/or wealth management, including client onboarding and regulatory requirements.
• Proven track record of managing financial crime risks in a retail-focused financial services environment.
• In-depth knowledge of financial crime laws and regulations, including AML, Sanctions, and fraud prevention.
• Experience in supporting delivery of large-scale financial crime mitigation strategies in Global organisations.
• Strong leadership and team management skills.
• Excellent communication skills, with the ability to influence senior stakeholders.

Location: London
Work Level: Manager/Expert or Integration Leader, based on experience
Recruiter: Beth Eckersley
Closing Date: 31st January 2025

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and employee-led networks. We welcome applications from candidates with long-term health conditions, disabilities, or those returning from career breaks.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please contact us at: careers@mandg.com