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.
AMS is a global workforce solutions partner committed to creating inclusive, dynamic, and future-ready workplaces. We help organisations adapt, grow, and thrive in an ever-evolving world by building, shaping, and optimising diverse talent strategies.
We partner with M&G to support their contingent recruitment processes. Acting as an extension of their recruitment teams, we connect them with skilled interim and temporary professionals, fostering workplaces where everyone can contribute and succeed.
On behalf of M&G, AMS are looking for a Financial Crime Third Party Oversight Specialist based in Edinburgh. It is an initial 6-month contract with a hybrid work model.
We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Job description - the role
The role is to oversee financial crime activities carried out by third-party administrators for the Life business, ensuring compliance with Group 2LoD risk standards, while providing a development pathway towards a Financial Crime Reliance Oversight Specialist role within 1LOD Governance.
Key Responsibilities for this role:
- Support the oversight of outsourced Financial Crime controls, including those performed by TPAs/TAs for all Life business units and products.
- Support the development and maintenance of governance frameworks, including Terms of Reference for TPA Financial Crime forums.
- Coordinate and participate in supplier governance meetings, driving accountability and continuous improvement
- Support the oversight of third-party Financial Crime policies, procedures, and controls align with M&G's Financial Crime standards and regulatory expectations.
- Maintain robust records of TPA performance, identifying trends and areas for escalation.
- Review and challenge KPIs and MI submitted by TPAs, ensuring data integrity and actionable insights.
- Conduct thematic reviews on TPA activities (e.g., due diligence, screening).
- Escalate non-compliance or performance concerns to the Monitoring & Control Team Lead.
- Act as a key liaison between internal stakeholders and external TPAs to embed a strong compliance culture.
- Support the Governance, Reporting & Oversight Team Lead in driving the financial crime agenda across outsourced relationships.
- Contribute to the continuous enhancement of oversight frameworks and risk mitigation strategies.
Key Knowledge, Skills & Experience:
- Proven experience in financial crime compliance, ideally within a regulated financial services environment.
- Experience in financial crime assurance activities, including process and control testing.
- Understanding of outsourcing arrangements and third-party risk management desirable.
- Excellent communication and stakeholder management skills, with the ability to influence at all levels.
- Analytical mindset with the ability to interpret MI and identify emerging risks.
Next steps
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.
