Logo of Huzzle

Home

Matches

Explore

Manage

Anti Financial Crime Advisor

image

abrdn

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • Edinburgh
  • Quick Apply

AI generated summary

  • You need extensive financial crime law experience, a strong asset management background, governance management skills, and knowledge of UK regulations, JMLSG, and MLR.
  • You will oversee AFC compliance, provide management reporting, advise on AFC matters, review escalations, identify issues, and collaborate on monitoring activities within Investments.

Requirements

  • Extensive experience of current and emerging financial crime laws, rules, regulations, regulatory and industry guidance and working within a financial services or consulting environment advising colleagues and senior management in the application of policies and standards within a business.
  • Experienced anti-financial crime professional with proven track record of delivery gained within the financial services sector; ideally with a strong understanding and experience of the activities of investments in the asset management sector across a number of jurisdictions.
  • Experience of managing and maintaining robust Governance
  • Excellent written, verbal and interpersonal skills
  • Experience of UK financial crime regulatory requirements and knowledge of the Joint Money Laundering Steering Group (JMLSG) and the Money Laundering Regulations (MLR)

Responsibilities

  • Supporting the Global Head of Anti-Financial Crime in the coordination and oversight of abrdn’s AFC systems and controls, ensuring that at all times the Investments business conducts activities in compliance with all relevant AFC laws, rules, regulations and guidance;
  • Provide Senior management, Boards and the Global Head of AFC with appropriate management information and reporting, to ensure each has the necessary information to fulfil their AFC related legal and regulatory obligations;
  • To provide advice and guidance on AFC matters including in relation to new products, services and business activities, ensuring that Investments Senior management are provided with the guidance necessary to conduct business activities in line with the firm’s Global AFC Policies and Standards and risk appetite.
  • To receive, review, advise, approve and where appropriate challenge Investment business 1LoD escalations. Including, those relating to higher risk clients/activities and any Policy/Standards waiver or exception requests, prior to any required escalations and referrals to the Global Head of AFC;
  • Identifying and escalating issues which do not comply with law, regulation, policies, standards and risk appetite, and working with Investments and AFC Senior management to ensure timely remediation of AFC related matters;
  • Working with the AFC Monitoring, Oversight and Governance Lead to design and execute appropriate AFC monitoring and testing activities across the Investments business.

FAQs

What is the main purpose of the Anti-Financial Crime (AFC) team at abrdn?

The main purpose of the AFC team at abrdn is to ensure the highest standards of compliance and integrity across the organization, providing expert advice and oversight on AFC matters.

What responsibilities does the Anti-Financial Crime Advisor have within the team?

The Anti-Financial Crime Advisor supports the Global Head of AFC in coordinating and overseeing AFC systems and controls, provides management information and reporting, advises on AFC matters, reviews escalations, and identifies issues for timely remediation.

What qualifications are required for this role?

Extensive experience in financial crime laws, regulations, and industry guidance within a financial services environment is essential. Candidates should also have a strong understanding of the asset management sector and UK financial crime regulatory requirements.

Is a formal education required for this position?

Equivalent experience may be recognized in lieu of formal education requirements for the Anti-Financial Crime Advisor role.

What kind of professional skills are emphasized for this position?

Excellent written, verbal, and interpersonal skills are emphasized, along with a proven track record in anti-financial crime and governance management.

How many days of annual leave does abrdn offer?

abrdn offers 40 days of annual leave.

What are the benefits of working with abrdn?

Benefits include a 16% employer pension contribution, discretionary performance-based bonuses, private healthcare, gym discounts, season ticket loans, and access to an employee discount portal.

What kind of working environment does abrdn promote?

abrdn promotes a 'blended working' approach, combining face-to-face collaboration in offices with the flexibility of remote work.

How does abrdn ensure inclusivity in the workplace?

abrdn is committed to providing an inclusive workplace that values diversity in all forms and offers assistance or adjustments for individuals with disabilities as part of their application process.

What does abrdn mean by 'diversity' in their workplace culture?

Diversity at abrdn is defined broadly to include various forms of difference such as educational and professional backgrounds, cognitive and neurodiversity, age, gender identity, sexual orientation, disability, and ethnicity.

image

abrdn

Finance
Industry
5001-10,000
Employees

Mission & Purpose

At abrdn, we empower our clients to plan, save and invest for their futures. We structure our business into three areas – and together they reflect our focus on enabling our clients to be better investors:Investments: We work with clients to create solutions across markets, asset classes and investment strategies – combining our global network of investment professionals with research, data and technology. Adviser: We offer market-leading platform technology and tools that enable UK wealth managers and financial advisers to look after the diverse needs of their clients. Personal: We help people throughout the UK plan for their financial futures – through our financial planning business, our digital direct-to-consumer services and discretionary fund management services. Through the expertise, insight and innovation of our team, we aim to help clients create more ways for money to make an impact. We set our sights on giving them more confidence to achieve their goals, and more clarity about what they need next. And we focus on delivering outcomes that are more than just financial – by investing sustainably to build a better world. We’re a global business. We manage and administer £532 billion of assets for our clients, and we have over 1 million shareholders. (Figures as at 30 June 2021)Capital at Risk.