Financial Crime Risk and Assurance Analyst
- Employer
- Phoenix Group
- Location
- Edinburgh, Scotland, United Kingdom
- Salary
- Competitive Salary
- Closing date
- Oct 2, 2020
View more
- Job Role
- Risk Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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INTRODUCTION AND BACKGROUND At the Phoenix Group we believe everyone should have a future to look forward to, and that means looking after our customers, our shareholders, and our people. We'll help you grow and progress by acknowledging your talent and rewarding you well. In return, you'll give us your energy, enthusiasm and the drive to deliver results. That way, we all have a promising future.
Around 13 million policy holders worldwide trust us with their financial security - and we're responsible for the administration of over £324 billion of their assets. So as you'd expect, financial risk management is one of our core disciplines, and it's vital to our success as a business.
As a Risk Analyst, you'll support the risk function in enabling the business to deliver good risk outcomes. The Financial Crime Team works to protect Phoenix Group from the risk of financial crime. We cover:Anti-money laundering & terrorist financingSanctionsFraud (internal & external)Facilitation of tax evasionWe prevent, detect, investigate and resolve financial crime incidents by:Setting policies, procedures and controlsGathering and analysing intelligenceConducting investigationsProviding training and awarenessOversight of OSP financial crime teams, and our retained businessKEY RESPONSIBILITIES
Around 13 million policy holders worldwide trust us with their financial security - and we're responsible for the administration of over £324 billion of their assets. So as you'd expect, financial risk management is one of our core disciplines, and it's vital to our success as a business.
As a Risk Analyst, you'll support the risk function in enabling the business to deliver good risk outcomes. The Financial Crime Team works to protect Phoenix Group from the risk of financial crime. We cover:Anti-money laundering & terrorist financingSanctionsFraud (internal & external)Facilitation of tax evasionWe prevent, detect, investigate and resolve financial crime incidents by:Setting policies, procedures and controlsGathering and analysing intelligenceConducting investigationsProviding training and awarenessOversight of OSP financial crime teams, and our retained businessKEY RESPONSIBILITIES
- Deliver timely analysis and fulfil the agreed reporting schedule for the wider Phoenix senior management team on Business Risk Profiles and other MI reports.Undertake quality assurance of the services provided by the first line and Outsourced Service Provider (OSP) Financial Crime Function via a variety of techniques, including sample checking, analysis of MI and reporting, day-to-day interaction and dialogue with business and OSP Financial Crime management.Use audit, investigative and quality assurance techniques to identify service improvements, negotiate improvement plans and oversee effective and timely delivery of those plans.Provide support to all Group businesses in relation to issues with a regulatory financial crime compliance connotation, such as policy processing, in conjunction with the Head of Financial Crime Prevention. Assistance and support the business in completing risk assessment and due diligence work on third party companies in relation to financial crime for any future mergers or acquisitions.Source information and produce monthly reporting on the effectiveness of the financial crime framework across the business and OSPs for presentation to senior committees.Analyse the produced MI and reporting to determine any emerging risks in the effectiveness of the Financial Crime environment and bring these to the attention of the Risk and Assurance Manager
Closing date: Wednesday 30th September 2020.
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