AML and Counter Terrorist Financing Regulated Business Lead, Accenture
Senior Legal Counsel
Salary not provided
Senior and Expert level
London
Minimal travel required
Global professional services company
Job no longer available
Global professional services company
1001+ employees
B2BAnalyticsConsulting
Job no longer available
Salary not provided
Senior and Expert level
London
Minimal travel required
1001+ employees
B2BAnalyticsConsulting
Company mission
To deliver on the promise of technology and human ingenuity.
Role
Who you are
- Education: Law degree as a minimum
- Work Experience: Minimum of 7 years of relevant financial services experience (e.g within Financial Institution, Law Firm or other In House Role). Experience in contentious issues preferred
- Working knowledge of global anti-money laundering legal and regulatory frameworks and best practice, especially European and US. Working knowledge of other anti-financial crime frameworks, such as anti-bribery and corruption, beneficial
- Experience of working with regulators, including investigations and/or remediations
- Knowledge, experience and understanding of the implementation of compliance programmes in global corporations, preferably in the context of a decentralized operating model
- Knowledge and understanding of Accenture’s business vision and strategy (or similar business strategy at another company for an experienced hire)
- Significant experience skilfully managing multiple stakeholders/business interests, including dealing with senior management, promoting consistency of approach whilst remaining independent
- Able to assess risk and recommend action on a proportionate risk-based approach
- Good judgement, an ability to prioritize and make decisions in a timely manner, and a high level of common sense
- Significant experience leading large projects and teams
- Ability to collaborate with team members and other peers across various business divisions
- Excellent stakeholder and risk management skills
- Excellent writing and negotiation skills
- Excellent communication skills; and Fluent in English
What the job involves
- The primary role of the Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) Regulated Business Lead is to lead Accenture’s AML Centre of Excellence (CoE) and be responsible for the oversight of the local Anti-Money Laundering Compliance Officers (AMLCOs) across the Globe
- The role will provide independent challenge, steer and support to the AMLCOs, who are in turn responsible for the day-to-day operation of the AML regulated programs in their respective legal entities
- The AML/CTF Regulated Business Lead is responsible for the strategic design and updating of consistent Global AML/CTF standards including by defining and disseminating common processes, templates and frameworks by which the AMLCOs will operate
- They will also share best practices amongst the global AMLCO network and drive accountability of the AMLCOs in the operation of each local AML programme
- They will be responsible for managing the regulatory perimeter and establishing new AML programmes where Accenture business is identified as falling within the regulated AML space
- The AML/CTF Regulated Business Lead will be expected to perform the following activities:
- Participate and execute key decisions for the creation of new AML/CTF Regulated Programmes or the dissolution of these programmes as required in relation to new business expansions globally (e.g. crypto) and/or expansion of licensed/regulated activities (e.g. insurance/payment services)
- Defining duties for, appointing/hiring of and onboarding appropriate individuals to fulfil the AMLCO and AML Delegate roles in each of Accenture’s regulated entities subject to local AML laws and regulations
- Providing first level approval for all local AML/CTF policies and procedures for regulated entities prior to formal local Board or Senior Leadership final approval
- Acting as escalation point for remedial action to address findings identified through LCM monitoring of the red flag escalation and KYC processes
- Ensuring the implementation of remedial action/resolving gaps to address findings/outcomes of formal reviews (including, but not limited to, the global AML programme audit, Company Risk Assessment and external counsel reviews)
- Performing periodic desk reviews in the local market of each AMLCO to maintain oversight over the operation of each local AML programme and identify any challenges to facilitate timely resolution
- Regularly monitoring for regulatory/legal updates and tracking changes both locally and globally across AML/CTF and other relevant regulation, with support from selected local counsel
- The AML/CTF Regulated Business Lead will also liaise with local AMLCOs to ensure relevant updates are appropriately identified, evaluated and factored into each AMLCO’s respective programme
- Acting as a point of consultation and/or support for the AML Programme Director and Global AML Team as required to provide input into global AML-related initiatives, including (but not limited to):
- Global Accenture Leadership and/or Board reporting
- Global AML Programme Risk Assessment and controls evaluations
- Definition of AML Risk Aids and AML Handbooks
- Practical prospective business venture support, such as pertaining to expansion of existing scope of services or mergers/acquisitions
- Global AML policies and procedures
- Contracts and RFPs containing AML elements
- Definition of predicate offences and red flags applicable to Accenture’s global operating footprint
- CBT requirements for higher risk employees in non-AML regulated areas of Accenture’s business model; and
- Global internal or external AML programme reviews
- Engaging with regulatory bodies related to any regulatory investigations, remediations or other matters
- Working with auditors (internal and external) with regard to the AML programme and monitoring implementation of audit points or regulatory findings
- Contributing to thought leadership articles or regulatory consultations related to AML
- Working in conjunction with the local AMLCOs, designing Accenture’s AML CBT programme. Designing and delivering:
- Tailored AML/CTF training required to be undertaken by AMLCOs and their Deputies/Delegates; and
- Local relevant awareness-raising and issue spotting initiatives, identified in conjunction with input from local AMLCOs as a result of internal or external triggers
- Setting the standard for and ensuring the completion of any agreed formal AML accreditation/certification programs by the AMLCOs (and their Delegate, if considered necessary)
Salary benchmarks
Our take
Previously working as the tech consultancy wing of Arthur Andersen accounting firm, Accenture, now a professional services company, was part of the 1950s team responsible for the first-ever computer installation in Louisville Kentucky. After its split from Andersen in 2001, Accenture took its new moniker, blending the phrase “accent of the future” as a statement of intent.
Accenture has certainly lived up to its name in the last 20+ years, acquiring and developing a large portfolio of cybersecurity, cloud platforms, and technology companies, leading to its value of $177 billion and placement on the Fortune Global 500 company list. In late 2022, Accenture further invested in the frontiers of digital by acquiring BehaVR, a mental health treatment system that utilises virtual reality. It also has an eye on the climate crisis, investing in KETOS, a data intelligence company that helps monitor and address water efficiency and quality.
Through its investments, Accenture has retained a relevance and an importance as a major global player. In January 2023, Accenture partnered with Microsoft and the World Economic Forum to deliver a presentation about investments in the metaverse and its growing importance in business and culture. Accenture’s new metaverse platform, CEO Julie Sweet claims, will help social workers, case workers, firefighters, and the general public train for challenging situations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Led by a woman
6% employee growth in 12 months
Company
Company benefits
- Employees have a choice of national plans (PPO, EPO, HDHP) covering a wide range of medical services and prescription drugs
- Employees have access to dental PPO and dental maintenance organization (DMO) plans, as well as a routine vision care plan
- Wellness program: The program includes an app for tracking fitness, nutrition and resiliency which provides cash rewards quarterly
- Accenture Medical plan participants have access to telemedicine, free second opinion services, and digital weight loss programs.
- Fertility and adoption navigation support, as well as reimbursements for adoption and surrogacy fees
- 16 weeks paid maternity leave for birth parents
- 8 weeks paid time off for other parents
- Subsidized back-up dependent care, as well as a concierge service, is available for children, spouses or elderly family members
- Flexible work arrangements help employees achieve work/life balance while also meeting Accenture’s business needs
- Primary caregivers, both men and women, may work locally for one year following their return from the birth or adoption of a child
- PTO encompasses traditional vacation time along with paid sick leave; days vary based on level and tenure from 17 to 27 per year
- We provide 8 paid standard holidays and 2 culture days (for any days you choose), in addition to the PTO program
- A variety of programs exist to allow employees to take leave when life calls you away from your work
- Employees can immediately contribute and, after meeting eligibility requirements, receive the $1 for $1 match up to 6% of contributions
- Eligible Accenture employees can contribute up to 10 percent of their salary to purchase Accenture shares at a 15 percent discount
- Accenture provides you with a basic level of coverage and you can purchase more coverage for yourself and your family
- Accenture continues a portion of your salary for up to 180 days if you are disabled and can’t work. LTD insurance is also available
- You can use pretax dollars to pay for eligible health care and dependent day care expenses
Company HQ
City of London, London, UK
Leadership
Julie Sweet
(CEO (Not Founder))Previously CEO of North America for Accenture and Partner at Cravath, Swaine & Moore LLP.
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