FC Third-Party Oversight Senior Specialist
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 150 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.
The Role:
FC Third-Party Oversight Senior Specialist is an experienced role, supporting the TPA FC Oversight Lead, with the responsibility for overseeing all Asset Management/TAs conducting financial crime activities on behalf of the business, and ensuring these activities remain in line with financial crime expectations set in the Group 2LoD Third Party Risk Management Framework.
Main Responsibilities:
* Review TPA Financial Crime (“FC”) policies and procedures to ensure they are aligned to FC Policies and Standards.
* Work with TPAs to communicate and incorporate key FC standards and process changes into respective operating procedures.
* Identify changes required to service level agreements and work with TPAs to refresh agreements accordingly.
* Coordinate and attend regular TPA-related governance fora.
* Conduct thematic QA over TPA files e.g. Due Diligence and screening cases.
* Escalate and triage findings to the Monitoring & Control Global Team Lead where TPAs are not meeting expected requirements.
* Maintain records of TPA performance.
* Develop and maintain Terms of Reference for financial crime governance forums with TPAs.
* Collate, review, challenge, and identify trends in KPIs/MI received from TPAs.
* Act as a delegate for the FC Third-Party Oversight Lead where required.
Key Knowledge, Skills & Experience
* Experience within financial crime.
* Experience within assurance execution, including process and controls testing.
* Experience with, and understanding of, TPA/TA outsourcing arrangements.
* Ability to demonstrate an understanding of financial crime risk management controls and process application.
* Strong written and verbal communication skills and ability to convey complex information to stakeholders at all levels.