NA1
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. Key deliverables include defined enhancements to the global FCC framework 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 (collectively "Financial Crime Compliance (FCC)").
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 the 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.
PRINCIPAL RESPONSIBILITIES
- Strong understanding of prevailing laws, regulations and industry standards related to FCC.
- Keep up to date with prevailing laws by maintaining the horizon scanning log for the UK and sharing with the wider GFCC team.
- Have experience with, and an understanding of asset management firms, their FCC policies and procedures as well as systems and technology (e.g.: name screening tool) used in relation to FCC processes in the industry.
- 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 the 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.
- Support the FCC controls operating model, legal mapping, fraud framework discussions, training enhancements and other process efficiencies to minimise duplication, improve control effectiveness and support regulatory reporting.
- Identify duplication, simplify FCC operating models and use technology or AI appropriately to improve process efficiency and control effectiveness.
- Contribute to the completion of the periodic oversight review of activities outsourced to third party's oversight model.
- Demonstrate intellectual curiosity in respect of continuous learning and development of expertise and the wider industry, with an innovative mindset to ensure T Rowe Price stays ahead of development in this specialist area.
- Respond to advisory queries and escalations in a timely manner related to the T Rowe Price GFCC Framework, applicable laws and business model.
- Contribute to the development and implementation of applicable business processes and controls.
- Identify and elevate operational, regulatory and other risks and red flags as appropriate and in a timely manner.
- Build strong partnerships collaborating with first and second line business partners.
- Interface with both our second and third line of defence teams to ensure robust governance and control is achieved.
PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS
Required
- 5+ years experience working in the second line FCC team within the asset management industry.
- Working knowledge of the regulatory requirements 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 with direct and relevant experience within the asset management industry.
- Good interpersonal, relationship building, written and verbal communication skills.
- Ability to build working relationships, collaboration and strong stakeholder management.
- Ability to appropriately assess FCC risks in alignment with T. Rowe Price risk appetite.
- Ability to multi-task and manage time prioritising workloads appropriately.
- Analytical skills to investigate and track complex cases related to FCC.
- Confidence to speak up at meetings with the wider GFCC team and broader stakeholders.
- Self-motivated with a curious outlook.
- Excellent attention to detail.
Preferred
- Experience delivering enhancements and projects.
- Preparation of Committee/Board packs.
- A formal qualification in anti-financial crime such as ACAMS, ICA certificate or Diploma in AML or financial crime prevention Undergraduate degree or equivalent.
Work Flexibility
This position is eligible to hybrid working with up to one day per week from home.
