Policy & Risk Senior Specialist

The Role:  

Policy & Risk Senior Specialist is an experienced role supporting the Policy & Risk Lead within the Policy, Governance & Oversight Team, with responsibility to manage the definition and implementation of the Business Unit Risk Appetite (BU RA), the execution of the Business Unit Enterprise-Wide Risk Assessment (BU EWRA), and the management of the implementation of Group-wide policies and standards in the Asset Management business.

Main Responsibilities:      

Policy and Standards Implementation and Oversight:

•Collaborate with 1LoD AM FCO and business teams to ensure effective implementation of Group policies and standards into financial crime operational processes.

•Manage 1LoD escalations and queries, seeking 2LoD Asset Management Advisory team guidance as needed.

•Request, manage, track, renew, escalate, and keep audit of rationale for BU Policy waivers, dispensations, and exemptions.

Risk Management and Assessment:

•Define the Business Unit Risk Appetite (BU RA) aligned with the Group Financial Crime Risk Appetite Framework.

•Collaborate with the business to execute and document the BU Enterprise-Wide Risk Assessment (EWRA) using the Group framework and methodology.

•Contribute to the register of key financial crime risks and 1LoD controls, maintaining the register and tracking the implementation of mitigating actions identified in the BU EWRA.

•Define and monitor 1LoD Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to track performance against the BU RA, providing regular reporting to senior management.

•Develop and maintain transaction monitoring (TM) and fraud typologies and threat-based scenarios based on BU EWRA output and intelligence from the Central 2LoD Investigations and FIU Team.

•Provide financial crime input into the Business Unit Risk & Control Self-Assessment (BU RCSA).

Key Knowledge, Skills & Experience

•Significant experience in financial crime, with specific knowledge of the asset management sector, including inherent risks, applicable laws, and regulations.

•Deep understanding of risk mitigation controls and their implementation, including TM and fraud typologies.

•Significant experience within risk appetite and assessment definition and execution.

•Experience in overseeing the implementation of financial crime frameworks within operational financial crime teams.

•Significant experience within / understanding of operational financial crime teams.

•Strong organisational and coordination skills.

•Strong communication skills and ability to collaborate effectively with diverse stakeholders across financial crime and business teams.

Work Level: Manager or Expert

Recruiter: Hollie Doran    

Location: 10 Fenchurch Avenue