Head of Anti Financial Crime - Life

You will need to login before you can apply for a job.

View more categories View less categories Sector: Banking and Financial Services Role: Senior Manager Contract Type: Permanent Hours: Full Time

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 over 170 years of history, we offer financial products and services through Asset Management, Life, and Wealth segments. These segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.

We foster an environment of telling it like it is, owning it now, and moving it forward together with care and integrity to create an exceptional workplace for talented individuals.

We consider flexible working arrangements and provide workplace accommodations to support your effectiveness in the role.

Head of Anti Financial Crime - Life

The Role:

The Head of Anti Financial Crime is a senior leadership position responsible for setting strategic direction and overseeing all aspects of financial crime risk management across the Life business and its sub-divisions and regions. This role involves developing and implementing a financial crime framework aligned with M&G's policies and standards, providing leadership and guidance to ensure effective risk management and compliance, and collaborating with internal and external stakeholders to protect the company's reputation.

Key Responsibilities Include:

1. Provide leadership for financial crime prevention across the Life Business and enable senior leadership to meet regulatory obligations.
2. Set and maintain the Business risk appetite aligned with financial crime policies and standards, considering client, product, and service specifics.
3. Ensure operations stay within the tolerances of financial crime requirements.
4. Maintain effective controls and mitigate risks effectively.
5. Oversee financial crime systems and controls, including those managed by service providers, and address issues proactively.
6. Represent the Business in governance forums and report to senior leadership on financial crime issues.
7. Monitor KRIs and respond to concerns appropriately.
8. Lead financial crime change initiatives, including prioritization and budgeting.
9. Build relationships with other business units, compliance teams, and external partners to facilitate communication and information sharing.
10. Support engagement with legal and regulatory bodies.
11. Lead and manage financial crime teams across the Business.

Key Skills and Experience Required:

• Extensive experience in financial crime, with deep understanding of risks in Life insurance, Retail, and Wealth sectors.
• Relevant experience in Life insurance and/or wealth management, including operational processes and regulatory compliance.
• Proven track record managing financial crime risks in retail financial services, with knowledge of customer due diligence, AML, sanctions, ABC, and fraud prevention.
• In-depth knowledge of applicable laws and regulations.
• Experience supporting large-scale financial crime mitigation strategies globally.
• Strong leadership and team management skills, with experience leading cross-functional teams.
• Excellent communication skills, capable of influencing senior stakeholders and explaining regulatory concepts clearly.

Location: London

Work Level: Manager/Expert or Integration Leader, based on experience

Recruiter: Sarah Mathers

Closing Date: 14 May 2025

M&G values diversity and an inclusive culture, supporting flexible working, accommodations, and welcoming applications from candidates with disabilities or long-term health conditions. For assistance or alternative application methods, contact us at: .