Promontory Associate, Financial Crime

Job description

Promontory is a leading strategy, risk management and regulatory compliance consulting firm focusing primarily on the financial services industry. From sixteen offices in the UK, Europe, North America, Asia, Australia, and the Middle East, Promontory's 300 professionals assist clients in more than 50 countries on six continents.
Led by the Founder and CEO, Eugene A. Ludwig, former U.S. Comptroller of the Currency under President Bill Clinton, Promontory's professionals have deep and varied expertise gained through decades of experience as senior leaders of regulatory bodies, financial institutions and Fortune 100 corporations.
Promontory's reputation for excellence has fuelled its growth since its launch in 2001. Promontory helps clients to resolve challenging national and cross-border issues in banking, securities, commodities, financial instruments, markets, and insurance. Promontory also works with its clients to understand and implement global and national financial services regulatory directives, indeed Promontory enjoys a level of trust within each of the global regulators that is unique. The comprehensive knowledge of legislative, regulatory, and judicial practices that shape financial services regulation sets Promontory apart from its competitors. In 2016, Promontory became a wholly owned subsidiary of IBM. Our unique domain expertise, combined with IBM's world-class technology, allows us to resolve challenging national and cross-border issues in banking, securities, commodities, financial instruments, markets, and insurance.
For further information on the company please visit www.promontory.com .

Promontory established its London office in 2006, bringing its extensive global resources to one of the world's most international and dynamic financial centres. Promontory acts as the trusted advisor throughout boardrooms of major financial institutions in the UK most often advising on highly confidential matters and working at the cutting edge of regulatory reform.
Senior management at Promontory UK consists of an elite, highly regarded team of former senior regulators, experienced industry practitioners, and consulting professionals. They advise their clients on the implications of a rapidly changing regulatory environment and support them in how to respond.
Promontory is particularly well-equipped to assist companies in navigating both UK and EU regulatory issues and is listed on the “Skilled Persons” Panel for s.166 reviews commissioned by the Financial Conduct Authority and the Prudential Regulation Authority. The team covers all financial sectors, including universal, retail and investment banks, retail and wholesale insurance companies, brokers, asset managers, consumer credit firms and hedge funds.
Promontory's well-regarded Global Privacy & Data Protection Practice is headquartered in London, and has assisted many firms in responding to increasingly strict data-protection requirements.
Promontory's London team has successfully completed numerous engagements across a wide range of disciplines, including:
• Risk Management — Reviewing the structure and effectiveness of control contributors such as enterprise risk management, compliance, and internal-audit functions, and providing high-level insight or deeper portfolio reviews for aspects of credit, market, operational, and other risk classes.
• Conduct of Business — reviewing financial promotions, quality of advice, sales practices, claims handling, and complaints handling.
• Prudential Issues — Capital planning (including Internal Capital Adequacy Assessment Process preparation), liquidity management (including Individual Liquidity Adequacy Assessment preparation), and stress-testing reviews.
• Financial Crime — assisting in the development and execution of a wide range of financial-crime-related topics, including Anti-Bribery and Corruption, Anti-Money-Laundering, Sanctions, and Market Abuse.
• Regulatory Advice — providing insights into regulatory developments in the U.K., European Union, and United States, enabling clients to develop appropriate national and global regulatory strategies.
• Acquisitions — assisting clients in understanding the regulatory impact of potential business acquisitions or restructurings, in an advisory capacity or by performing specific work (for example, through due diligence on the broad control infrastructure or asset-portfolio reviews).
• Organisational Enhancement — helping senior management teams improve the ability of their firms to deliver sustainable compliance, through efforts to redesign and improve their governance (including through board-effectiveness reviews), organisation, culture, or core processes such as strategic planning, product development, and sales management.
• Preparing senior management teams for supervisory risk assessments, business-model reviews, and approved-person interviews.
• Privacy — developing data-protection governance strategies and helping firms put in place programs to deal with data-security breaches, complaints, investigations, or audit requests.

At Promontory, you will work alongside an impressive team of thought leaders in the financial services industry, including former senior advisors and consultants, financial services regulators, senior corporate executives and central bankers. You will learn from the best in the industry and will be intellectually challenged from the day you commence employment.
The culture is described by those who work at Promontory as a fast growing, emerging global firm with some fundamental qualities running through the organisation. The firm is entrepreneurial by nature but its people also demonstrate the rigour and discipline you would expect of individuals who have spent time in a regulator, financial institution, government department, central bank or in an advisory or consulting firm.
Promontory has an ethical approach to working with its clients and pursues an agenda of “doing the right thing” by their clients in order to help the financial services industry better serve its customers. Promontory people talk of a collegial, informal and non-hierarchical organisation which offers direct access to Board and senior-level executives across major financial institutions in the UK and overseas.

We are looking for additional associates to join our Financial Crime Risk Management Team. These roles offer bright and ambitious individuals an excellent opportunity to develop their careers and experience and build their expertise in financial services. The individuals selected for these positions will work directly with the most senior staff in the firm, will be exposed to a wide range of issues, and will work with a range of clients.

The Associate position with Promontory Financial Group (UK) Ltd is the next step in your developing career. As an Associate, you will gain unique hands-on experience in business development, client work, and other projects. You will be challenged to develop your knowledge in our areas of expertise, the financial services industry, and our clients' business issues while building your skills in communications, problem solving and consulting.
Auto req ID

278883BR
Required Education

Bachelor's Degree
Role ( Job Role )

Industry Consultant
State / Province

LONDON, CITY OF
Primary job category

Consultant
Company

(8660) IBM United Kingdom Limited
Contract type

Regular
Employment Type

Full-Time
Is this role a commissionable/sales incentive based position?

No
Travel Required

Up to 75% or 4 days a week (home on weekends - based on project requirements)
IBM Business Group

Industry Plat
Preferred Education

Master's Degree
City / Township / Village

LONDON
Being You @ IBM

IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.
Required Technical and Professional Expertise

Previous experience in financial crime risk management.
• Strong knowledge of regulations in AML/CFT, Sanctions and ABC. Ability to demonstrate a good understanding of specific focus areas, e.g. payment screening, transaction monitoring and governance & reporting

• Previous experience in financial services, consulting or regulatory agency.
• Basic level of product knowledge relevant to retail or wholesale sectors.
• Strong interaction skills
• Presentation and report writing
• Project management
• Good analytical skills
• Strong attention to detail
• Ability to present complex information and to manage multiple tasks
• Ability to communicate with adequate preparation and support with clients and internally
Country/Region

United Kingdom
Preferred Technical and Professional Experience

• Creativity / innovation / ideas type of skill set
• Self-starter
• Ability to execute engagement deliverables with minimal oversight and coordinate work with colleagues
• Strong integrity and ethics
• Ability to work well in a team, help manage and guide junior team members

Technical expertise and experience in compliance, risk management, corporate governance, accounting, or legal or regulatory issues, finance, lending, trading and/or other financial services core competencies.
• Experience in insurance and asset management industries
• Some knowledge of other regulations, such as the Senior Managers Regime, MAR andConduct Risk,
• A qualification in anti-financial crime is desirable but not essential

Secondary Job Category

Other Consultant
Eligibility Requirements

Eligibility to work in the UK without sponsorship
Position Type

Professional
Early Professional Track

Not Applicable - Professional Hire
Location Statement

For additional information about location requirements, please discuss with the recruiter following submission of your application.
New Collar Role

No
Introduction

IBM's Industry Consultants are essential to our clients as they work to reinvent themselves for the future. Join our highly visible and highly skilled team of global consultants as we strive to accelerate sales, deliver client engagements, and build IBM's market eminence. If you are a forward-thinker and a curious intellectual, we welcome you to apply for your next exciting career challenge!
Your Life @ IBM

What matters to you when you're looking for your next career challenge?

Maybe you want to get involved in work that really changes the world? What about somewhere with incredible and diverse career and development opportunities – where you can truly discover your passion? Are you looking for a culture of openness, collaboration and trust – where everyone has a voice? What about all of these? If so, then IBM could be your next career challenge. Join us, not to do something better, but to attempt things you never thought possible.

Impact. Inclusion. Infinite Experiences. Do your best work ever.
About Business Unit

IBM Industry Platforms provides a range of strategic technologies to remove much of the cost and complexity of delivering core business functions. By delivering artificial intelligence, analytics, security, blockchain and cloud technology as a service, and in a complete platform tailored to the needs of each industry, IBM helps clients become more customer-centric, balance costs and mitigate risk.
About IBM

IBM's greatest invention is the IBMer. We believe that progress is made through progressive thinking, progressive leadership, progressive policy and progressive action. IBMers believe that the application of intelligence, reason and science can improve business, society and the human condition. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 380,000 IBMers serving clients in 170 countries.