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Financial Crime Senior EDD Analyst - UK&I - Risk Management - Permanent – Newcastle

Within the professional services environment, the application of risk management procedures is fundamental to the successful delivery of our client services and promotion of our brand.

At Ernst Young (EY), Risk Managers (RMs) promote and support risk management within the business. RMs aim is to uphold our business standards, maintain and enhance the value of the firm, and ensure that EY UK, its Partners and staff comply with regulations imposed either by external regulators or by Ernst & Young Global in relation to the conduct of our business.

Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-bribery controls, sanctions compliance and fraud are a high focus for regulated businesses and external scrutiny as regulation and practice continues to evolve. As a result, EY’s centralised Customer Due Diligence (CDD) team support financial crime compliance with respect to client acceptance procedures.

The opportunity
The Enhanced Due Diligence (EDD) team is part of the wider Central CDD team and supports EY Partners and staff in the execution of and compliance with Global, Regional, and local risk management policies and procedures connected to Financial Crime.

There is an opening within the Enhanced Due Diligence (EDD) sub team for a Senior EDD Analyst. The main purpose of the role is to ensure the firm’s compliance with applicable legislation by performing first line financial crime EDD on high-risk clients and providing support to Partners and staff in all UK and Ireland Service Lines.

Your key responsibilities

You will, as a Senior EDD Analyst, be a key part of the EDD team and have responsibility for performing financial crime enhanced due diligence on potential and actual clients of EY covering money laundering, terrorism and sanctions compliance. The work involves all first line financial crime client acceptance and continuance procedures for the UK and Ireland business. Responsibilities include:

• Perform risk based financial crime enhanced due diligence on actual and potential clients of the Firm in accordance with EY policy and procedure.
• Work closely with the financial crime team to discuss the financial crime risks and onboarding of potential clients considered as higher-risk.
• Act as a EDD subject matter expert to assist engagement teams to navigate requirements
• Act as an advocate of the EDD team across all service lines and the wider Central CDD Team.
• Take a keen interest in the Financial Crime regulatory landscape, suggest process improvements and update and amend as necessary.
• Assist junior team members in performing their roles competently by through coaching and support.
• Other tasks, as directed by the EDD Team manager and Central CDD Team Senior Manager.

Skills and attributes for success

• Strong technical knowledge on CDD/ KYC
• You will have good communication skills capable of dealing with wide range of staff, including Partners.
• Ability to establish and maintain a high degree of confidentiality and credibility at all levels
• Strong team player and proven ability to collaborate and work with others.
• Ability to solve problems creatively and effectively.
• Enthusiastic, positive and resilient.
• Ability to work well under pressure and to tight deadlines in a demanding environment
• Maintains high levels of accuracy and attention to detail
• Demonstrate a curious mindset and ability to perform open-source research where required.

To qualify for the role you must have

• A minimum of 12 months previous experience working in CDD, EDD, KYC in a sophisticated and/ or matrixed business environment.
• A high degree of competency in verifying different client types using publicly available resources and subscription services.
• Previous experience of working in a dedicated EDD role will be an advantage.
• Industry recognised qualifications in AML, CDD, Financial crime would be an advantage.

What working at EY offers
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support and coaching from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY

As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world.

Apply now.