We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.

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.

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G’s ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of 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.

Responsibilities

Define and execute financial crime model validation methodology and activities in accordance with the established validation plan and validation process.

Ensure that financial crime model validation methods are compliant with regulatory requirements.

Attest that financial crime models have been properly validated and reported to relevant internal and external parties.
Ensure that financial crime model validation documentation is complete, consistent, accurate, updated and approved.
Register and follow up on financial crime model risk validation findings, identified risks and agreed actions.
Escalate financial crime model risk validation findings issues.
Provide expert analysis and advice relating to financial crime model risk validation.
Support the maintenance of methodologies for 2LoD assurance and financial crime model validation.
Other tasks and activities within the scope of your role or team as required from time to time.

Qualification / Skills and Experience

Graduate / Post graduate with at least 9 years (or more) of relevant experience

Experienced within financial crime and being able to demonstrate understanding of the financial crime risks inherent in the asset management and/or insurance sectors and regulatory knowledge relevant to these sectors.

Experienced in independent validation of AML, Fraud, Risk Rating, Screening models.

Experienced in independent validation of AML, Fraud transaction monitoring tools and associated models.

Experienced in model performance testing, back-testing, sensitivity analysis and benchmarking for assessing model effectiveness and identifying any weaknesses, biases or vulnerabilities in the model.

Proficiency in statistical models for anomaly detection.

Knowledge in fuzzy matching techniques and effectiveness testing including ATL and BTL testing.

Strong communications skills, with the ability to liaise and collaborate with Compliance and Business Unit 1LoD model teams and communicate to senior stakeholders.

Strong critical thinking and problem-solving skills.

[DESIRED] Programme and data analysis skills in Python, R, SQL, SAS or MATLAB for model validation and analytics

[DESIRED] Feature Engineering and algorithm optimisation including AI-driven detection techniques

[DESIRED] Cloud platforms knowledge (AWS, Azure, GCP) and big data frameworks (Hadoop, Spark)

(DESIRED) Experience of working with Bridger or similar screening tools.

Foster innovation and process excellence to deliver improvements in the function and wider organisation.

Actively build and sustain a high performance culture, setting goals, providing technical guidance, inspiring people to perform and driving measurable change

Working with the wider Risk and Compliance and First and Third Line teams to deliver oversight, drive improvements and risk insights and controls enhancements to support the maintenance of a robust integrated control framework.

Working flexibly and building collaboratively constructive and supportive working relationships with teams across M&G plc and suppliers

Keep abreast of industry trends, regulatory and business issues.

Use of regulatory knowledge, business understanding and expert judgement, to quickly identify underlying issues and escalate issues, where appropriate.

Ensure compliance to the people policies, Group Code of Conduct and embedding desired behaviours, including completion of any mandatory training requirements.

Being personally accountable for identifying, assessing, managing and reporting risks within your area of responsibility, including supporting formal risk management activities e.g. Risk & Control Self-Assessments and timely closure of Assurance action

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.