Client and Distribution Due Diligence Specialist

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 work place accommodations to ensure you have what you need to effectively deliver in your role.

Client and Distribution Due Diligence Specialist is an experienced role within the Asset Management FCO function with the responsibility to oversee the CDD team conducting AML KYC/D activities and support the Client and Distribution Due Diligence Senior Manager to ensure that local CSSF substance and regulatory requirements are met in Luxembourg.

Responsibilities:​

• Oversee initial and ongoing due diligence activities conducted by India and colleagues within the team. Including second level checks on all cases conducted by India and the KYC/D Analysts.​
• AML Assessment of Counterparties
• Focus on resolving screening alerts or prepare decision making for 2LOD
• Perform 1LOD Assessments
• Review, prepare the due diligence reports and coordinate the approval of all low, medium and high-risk CDD cases escalated by the CDD team and KYC/D Analysts. Including review of due diligence cases conducted by the team.​
• Act as an escalation point on KYC/D cases managed by the CDD team.​
• Review, analyze and report on collated Distributor financial crime Key Performance Indicators from Ume solutions and directly from clients through the "no response letter" - process. ​
• Identify areas for continued improvement and implement regulatory requirements.​
• Review, analyze and report on key financial crime Management Information ("MI"). Identify potential financial crime risks and areas for improvement.​
• Identify and maintain the CDD RACI ,and controls.​
• Responsibility for all screening processes and result reviews conducted by India and CDD team.​
• Performing onsite/offsite counterparty, plus sampling tests

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Skill Requirements: ​

• Experience in overseeing and executing financial crime and distribution oversight activities within a Manco/AIFM.
• 1LOD Financial Crime Compliance of Counterparties
• Experience in handling screening alerts​
• Experience reviewing KYC documentation, checking its authenticity, and making appropriate risk-based decisions.​
• Experience managing escalations and complex cases.​
• Ability to demonstrate an understanding of the financial crime and distribution risks inherent in the Asset Management sector.​
• Ability to demonstrate an understanding of KYD/Anti-Money Laundering regulations. Including Luxembourg CSSF requirements.​
• Sound organizational and coordination capability to manage multiple time sensitive requests at one time.​
• Sound communication skills and ability to work with a diverse range of stakeholders both internally and externally.

Work Level: Experienced Colleague

Recruiter: Hollie Doran

Location: Luxembourg

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.