Financial Crime Senior Compliance Manager

1w1 week ago

T. Rowe Price

London, GB · Full-time · £110,000 – £130,000

About this role

This is an exciting opportunity to join T. Rowe Price as we continue to develop our business to facilitate our growth strategy within the investment management industry. The primary responsibility of this role is to support the Global Financial Crimes Compliance (GFCC) team, focusing on enhancements to the global FCC framework.

Key deliverables include defined enhancements related to anti-money laundering, counter terrorist financing, sanctions, proliferation financing, anti-bribery and corruption, fraud prevention, and the prevention of the facilitation of tax evasion. The role will provide dedicated programme support across key workstreams, including enterprise-wide risk assessments, non-client due diligence, asset due diligence, operating model improvements, training enhancements, oversight and testing, and process efficiencies.

You will partner with client-facing and non-client-facing teams across KYC Operations, Relationship Managers, Transfer Agents, Middle Office, Investment Compliance, Investment Operations, investment desks, and wider Compliance to support implementation of the FCC framework mainly in EMEA/APAC. This collaboration ensures robust governance and control across the organisation.

This role offers the chance to contribute to the development and implementation of applicable business processes and controls, while demonstrating intellectual curiosity and an innovative mindset. You will help T. Rowe Price stay ahead of developments in this specialist area, interfacing with both second and third lines of defence to achieve strong governance.

Requirements

5+ years experience working in the second line FCC team within the asset management industry.
Strong understanding of prevailing laws, regulations and industry standards related to financial crime compliance.
Experience with asset management firms, their FCC policies and procedures as well as systems and technology (e.g., name screening tools) used in FCC processes.
Ability to keep up to date with prevailing laws by maintaining a horizon scanning log for the UK and sharing with the wider GFCC team.
Demonstrated experience designing and implementing FCC risk assessment methodologies and aggregated risk rating approaches.
Proven ability to review Risk and Control Self Assessments, control gaps, and remediation activity to form evidence-based recommendations.
Strong partnership-building skills to collaborate effectively with first and second line business partners and interface with defence teams.
Intellectual curiosity and an innovative mindset to ensure T. Rowe Price stays ahead of developments in this specialist area.

Responsibilities

Design, enhance and implement FCC risk assessment methodologies, including enterprise-wide risk assessments and aggregated risk rating approaches across clients, products, industries, jurisdictions and delivery channels.
Define due diligence standards and support implementation across clients, assets, counterparties, vendors and introducers.
Review Risk and Control Self Assessments (RCSAs), due diligence outputs, control gaps, remediation activity and other risk data to form clear, evidence-based assessments, recommendations and action plans.
Design and support oversight and testing plans for FCC controls across investments, non-client relationships, accounts payable and other relevant business areas.
Contribute to the completion of the periodic oversight review of activities outsourced to third party’s oversight model.
Respond to advisory queries and escalations in a timely manner related to the T. Rowe Price GFCC Framework, applicable laws and business model.
Identify duplication, simplify FCC operating models and use technology or AI appropriately to improve process efficiency and control effectiveness.
Build strong partnerships collaborating with first and second line business partners, and interface with second and third line of defence teams to ensure robust governance and control.