Group Financial Crime Risk and Controls Manager

Location: City of Edinburgh

## Group Financial Crime Risk and Controls Manager Apply:
London:
Stirling:
Edinburgh:
Bath:
Full time:
Posted Today:
End Date:
September 30, 2026 (18 days left to apply):
R20377

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.### ##

The Role:

This is a highly visible and influential opportunity for an experienced financial crime professional to lead the Group's Enterprise-Wide Risk Assessment framework and help shape the future direction of M&G's Financial Crime Risk and Controls Framework.

Sitting within the Global Financial Crime Compliance PRAGMA team (Policy, Reporting, Analytics, Governance, Methodologies and Awareness), the role is responsible for leading the Group's Enterprise-Wide Risk Assessment (EWRA) framework and providing second-line oversight of the broader Financial Crime Risk and Controls Framework The successful candidate will provide thought leadership, challenge and oversight across financial crime risk management, ensuring methodologies, governance, data, reporting and controls oversight activities remain effective, proportionate and aligned to the Group's evolving risk profile, business strategy and regulatory expectations.

The role maintains a holistic view of the Group's financial crime exposure, driving the identification, assessment, monitoring and mitigation of financial crime risks across business units, legal entities and jurisdictions. It also plays a key role in strengthening the maturity and effectiveness of the  Group's financial crime controls framework through oversight, challenge, assurance and continuous improvement activities.

The position offers broad exposure across Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Counter Proliferation Financing (CPF), sanctions, anti-bribery and corruption (ABC), tax evasion facilitation and fraud, together with regular interaction with senior management and governance forums.##

Key Responsibilities for this Role:##
** Financial Crime Risk Assessment Framework
*** Own and continuously enhance the Group Enterprise-Wide Risk Assessment (EWRA) framework, methodology, governance arrangements and supporting reporting capabilities.
* Lead the end-to-end annual EWRA programme, coordinating stakeholders, governance, delivery milestones, executive reporting and continuous improvement activities.
* Review and challenge Business Unit risk assessments and develop a consolidated Group-wide view of financial crime risk.
* Maintain and enhance financial crime risk methodologies, taxonomies, indicators, scoring approaches and assessment criteria to support consistent and risk-based decision making.
* Monitor emerging risks, regulatory developments and industry trends, ensuring they are appropriately reflected in risk assessment activities.
* Own and enhance the management information, data, analytics, systems, and reporting capabilities that support effective financial crime risk assessment and decision-making.###
** Controls Oversight & Framework Enhancement
*** Lead second-line oversight of the Group's financial crime control environment, assessing control effectiveness, thematic trends and risk mitigation activities.
* Oversee key financial crime risk and control inventories, ensuring material issues, control weaknesses and remediation activities are appropriately identified, governed and escalated.
* Provide independent challenge and oversight of key financial crime control frameworks and methodologies, including name screening, securities screening, watchlisting, client exits and associated governance arrangements.
* Maintain oversight of Group financial crime risk intelligence and supporting risk tools, including jurisdiction heatmaps, approved regulator and exchange lists, restricted business activity lists and other risk indicators used to support…