Due Diligence Senior Specialist

At De Beers Group our purpose is to Make Life Brilliant. We believe that a sustainable business is purposeful, competitive, resilient and agile – it’s a business that thrives through both economic and social cycles. By understanding the context and listening to stakeholders we stay ahead of evolving trends and provide the solutions to societal expectations. By solving the physical challenges of mining through relentless innovation, and constantly searching for more responsible ways to do business, we are changing the way our employees and stakeholders experience our business – creating enduring value for all stakeholders.

Sustainability is at the heart of our decision-making, it is how we do  .

De Beers London is the ultimate diamond jewellery Maison, globally recognised for its leadership and expertise in diamonds. As a challenger in the fine and high jewellery landscape, we offer a distinctive and unparalleled connection to the source, setting us apart with our unique diamond-first approach.

A destination for those seeking the most extraordinary diamond jewellery, De Beers London delivers identifiable, ultra-desirable creations alongside unforgettable service and experiences. Our high jewellery collections showcase the pinnacle of artistry and craftsmanship, celebrating the rarest diamonds through innovative and breathtaking designs.

The Due Diligence Senior Specialist provides subject matter expertise through advice and support to inform and enable decision-making to Diamond Trading, and the broader De Beers Group through the Ethical and Sustainable Initiatives Team and other Business Units (BUs). The role ensures the business meets its regulatory and legislative requirements regarding the identification and verification of the identity of counter parties. The role also offers extraordinary in-depth investigation into a variety of red flag issues that may be subject to review by senior leadership, external legal counsel and regulatory authorities.

The Due Diligence Senior Specialist cascades information and business intelligence to multiple BUs and coordinates and facilitates De Beers Group access to appropriate third-party due diligence service providers.

The role sits within the Ethical Initiatives team closely coordinating with the Best Practice Principles and Pipeline Integrity teams, and Head of Compliance to maintain the disclosure of counter parties and develop capabilities of the BPP SMART System.

Please note:

this is a 12 month fixed term contract.

Leading Implementation of the Due Diligence Programme:

• Lead and accountable for ongoing monitoring and red flag management of platforms, such as LSEG’s World Check One for counter party risk issues; specifically:
  • Timely investigations of potential red flags, elimination of false positives; and,
  • Escalation of issues that cannot be dismissed based on publicly available information to the appropriate business unit in accordance with set processes and policies.
• Management of disclosure data on the BPP SMART System:
  • Additions:
    Review and approval of new disclosures made by Sightholders onto the BPP SMART System – including full documentation review and follow-ups as required.
  • Removal:
    Review, evidence gathering and approval of removal/inactivation requests made by Sightholders pertaining to information held on the BPP SMART System.
  • Structuring & trouble shooting:
    Assisting Sightholders in structuring and remedial actions required on the BPP SMART System to meet De Beers regulatory compliance requirements

Lead and responsible for annual bespoke internal due diligence programme/review.

Selection and recommendation of Sightholders for inclusion in Checks to the FIA Working Group.

• Public record research of disclosed Sightholder Groups & identification of undisclosed entities and individuals who may fall within the scope of De Beers disclosure requirements.
• Identification of adverse information relating to Sightholder entities and key individuals & escalation.
• Delivery of Finding reports to Sightholders, assistance and monitoring of remedial action.
• Manage the Enhanced Due Diligence (EDD) process for Diamond Trading –
  • Recommending the selection of…