Life Financial Crime Advisory Manager

At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

Join M&G plc’s Global Financial Crime Compliance team and be part of an exciting journey of growth and transformation. This role offers a unique opportunity to provide independent oversight, support, and challenge to M&G Life’s Financial Crime Risk Management Framework, ensuring robust controls and compliance as the business delivers on its ambitious growth and change agenda. If you’re passionate about financial crime prevention and eager to make a meaningful impact within a leading financial services organisation, we’d love to hear from you.

Life Financial Crime Advisory Manager is a Second Line of Defence (2LoD) management role within Global Financial Crime Compliance. Operating independently of the First Line of Defence (1LoD), the role provides review, challenge and oversight of 1LoD activity to enable implementation of the M&G financial crime risk management framework within the M&G Life business globally.

Financial crime responsibilities:

• Provide independent 2LoD review and challenge of the consolidated Life EWRA and track progress against actions arising from the EWRA.
• Execute independent oversight and review of activities carried out by the First Line of Defence (1LoD) including their oversight of outsourcing arrangements with its Third Party Administrators and reliance arrangements with its Intermediaries.
• Establish a working framework covering Fraud prevention for 2LoD to support, advise and challenge 1LoD Fraud prevention controls and procedures.
• Provide 2LoD review and challenge of Life 1LoD Risk and Controls Self Assessment actions.
• Provide 2LoD advice, guidance and challenge to Life 1LoD teams on Global Financial Crime Standards.
• Manage Life 1LoD exception requests to Global Financial Crime Standards.
• Prepare regulatory and board/committee reports from a 2LoD perspective to support business activity and escalate any financial crime risks that require attention.
• Support risk decisioning in Life as per M&G PLC's Financial Crime Risk Appetite and Risk Decisioning Matrix as 2LoD.

Additional responsibilities:

• Oversee adoption of the Group issue management framework for financial crime and provide 2LoD review and challenge of progress against actions logged.
• Implement actions for 2LoD arising from Assurance / Audit Findings relating to UK Life businesses.
• Other tasks and activities within the scope of your role or team as required from time to time.

Skill requirements:

• Established financial crime experience within Financial Services, in a Second Line of Defence (2LoD) capacity, with a deep understanding of financial crime risks.
• Strong knowledge of UK financial crime laws and regulations relating to all areas of Financial Crime, including in the context of financial services industry.
• Excellent communication skills, with the ability to coordinate with senior stakeholders and to challenge, communicate and explain independent 2LoD risk decisions.
• [Desirable] Experience in the life insurance and pensions sector.
• [Desirable] Relevant experience with regulatory requirements for financial crime outside of the UK.

Experience Level: Manager / Expert

Recruiter: Helen Simons

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside 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 five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com