Financial Crime Model Risk Validation Analyst

5w1 month ago

M&G plc

London, GB · Full-time · £75,000 – £95,000

About this role

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we combine asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, provide access to balanced, long-term investment and savings solutions.

The Financial Crime Model Risk Validation Analyst is an experienced role with day-to-day responsibility for executing financial crime model validation activities. This involves working in accordance with the established validation plan and methodology. Through telling it like it is, owning it now, and moving it forward together with care and integrity, we create an exceptional place to work.

We consider flexible working arrangements for any of our roles and offer workplace accommodations to ensure effective delivery. Strong collaboration occurs with Compliance and Business Unit 1LoD model teams and senior stakeholders. Expert analysis and advice support financial crime model risk validation efforts.

At M&G, we support wellbeing at work and beyond, helping balance professional and personal life. UK benefits include a valuable pension scheme of 18%, with 13% Employer Contributions and 5% Employee Contributions. This fosters confident planning for the future.

Requirements

Technically proficient in SQL and Excel, with high level of skill in both a fundamental requirement; tests conducted during interview
Knowledge of how databases work at a deep level
High level of proficiency with MS Office applications including Excel, PowerPoint, Visio, Access, Word
Strong communications skills, both written and oral, with ability to liaise and collaborate with Compliance and Business Unit 1LoD model teams and senior stakeholders
Strong critical thinking and problem-solving skills to identify discrepancies between data, documents or statements provided by delivery and model teams
Experienced within financial crime with understanding of risks inherent in asset management and/or insurance sectors and relevant regulatory knowledge
Knowledge of AML, Fraud, Customer Risk Rating, Sanction Screening models
Knowledge of model performance testing, back-testing, sensitivity analysis and benchmarking; knowledge of AI/ML applied to detect Financial Crime

Responsibilities

Execute financial crime model validation activities in accordance with the established validation plan and methodology
Ensure that financial crime model validation documentation is complete, consistent, accurate, updated and approved
Register and follow up on financial crime model risk validation findings, identified risks and agreed actions
Escalate and present financial crime model risk validation findings issues to senior management and third parties in a clear and easy to understand manner
Provide expert analysis and advice relating to financial crime model risk validation
Support the maintenance of methodologies for 2LoD assurance and financial crime model validations
Perform other tasks and activities as required from time to time

Benefits

Flexible working arrangements for any roles
Workplace accommodations to ensure effective delivery
Pension scheme of 18%, with 13% Employer Contributions and 5% Employee Contributions