Job Description

Prudential\'s purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people\'s career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.

In this role, you will be the designated Money Laundering Reporting Officer (MLRO) and will support the Company in meeting its regulatory and regional obligations on Anti-Money Laundering (AML) & Anti-Bribery & Corruption (ABC) and build a framework that commensurate with the business model of the Company. Given the increasing regulatory expectations, you will focus on strengthening the AML & ABC frameworks and building the competency of the team.

Role Duties & Responsibilities

• Establish, with regular review, the AML & ABC framework, taking into consideration the different types of risks such as customer, product and geographical location
• Annual review of the enterprise-wide AML & ABC risk assessments
• Manage key AML & ABC controls: screening, enhanced due diligence, transaction monitoring, gifts and hospitality controls
• Report, as required, to local management, regional office and Audit Committee
• Provide advisory and guidance to business units on new products and/or initiatives
• Liaise with Group/Regional office and regulator on AML-related matters
• Report suspicious activity to the authorities and act as main contact point for incoming queries regarding suspicious activity
• Deliver risk-based training on AML & ABC
• Liaise with Operations on all AML matters, including documentation requirements for higher-risk customers
• Designated approver for onboarding higher-risk customers.

Who we are looking for:

• At least 15 years of experience in an AML role in a financial institution, with at least 5 years as the designated MLRO or leading the AML function
• Good understanding of regulatory requirements relating to AML and ABC
• Good understanding of the insurance business and associated risks
• Attentive to details
• Good analytical skill

Education

• Degree in any discipline
• Insurance certifications preferred (e.g. ACAMS)

Language

• Strong command of the English language

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with special requirements.

Prudential