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Business Integrity Executive - Financial Crime Regulatory

Information About This Job

Job Title: Business Integrity Executive - Financial Crime Regulatory
Contract Type: Permanent
Location: London
Industry:
Contact Name: Ben Kinley
Contact Email: bkinley@lawsonchase.com
Job Published: almost 2 years ago

Job Description

About The Company

The company one of the UK’s Development Finance Institution (DFI) tasked with the inspiring mission to invest in businesses in Africa and South Asia to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. 

The company is one of the world’s oldest DFI and has a proud heritage supporting the building of successful businesses across emerging and frontier markets.  

The company is currently going through an exciting transformation, which has seen it extend the range of its activities to include direct equity investing and direct lending alongside its fund selection business.  Between 2004 and 2011 the company operated as a funds investor only.

Wholly owned by the UK Government’s Department for International Development (DFID), the company plays a key role in DFID’s strategy to reduce poverty in the developing world by supporting economic growth and creating jobs.

In recognition of the company's high quality and developmental approach to investing, DFID recently announced a significant new capital injection of £735 million. Prior to this, since 1948 the UK Government had invested a net £144 million, which had been turned into net assets of £3.4 billion.  The new investment will allow the company to invest on a greater scale in job-creating sectors such as agribusiness, infrastructure, financial institutions and construction.  

The company takes a wholly commercial approach to its investing and lending activities, but, as a DFI, each investment is motivated by the development impact it will achieve.  As it invests from its own balance sheet, the company has considerable flexibility in how it structures investments and in the risk-return profiles it can consider.   It is also able to take a longer view – up to and beyond ten years if necessary.  The company is currently invested in over 1,300 companies in 74 countries.

 

About The Role

The Business Integrity and Compliance team play an important role in reinforcing the company's reputation as a responsible investor; ensuring the company meets its regulatory commitments on financial crime; and working to enhance private sector standards in financial crime management in our target geographies. The Business Integrity Executive leads on due diligence of integrity risks associated with an investment, as well as designing and implementing a suitable monitoring process once an investment is made. In parallel, the Executive promotes the importance of business integrity both within and outside of the company.  

 

Key Responsibilities 

  • To lead on integrity due diligence for individual investments, providing written and oral analysis to investment teams and senior management
  • To review research produced by analysts and engage with external consultants where required
  • To foster strong relationships with company fund, debt and equity investment teams, as well as other operational teams
  • To participate in work to strengthen the company's internal business integrity processes for assessing the risks around investments and the portfolio 
  • To take responsibility for the team’s monitoring of integrity issues  in specific parts of the portfolio, managing relationships with portfolio companies or funds 
  • To develop tools in anti-corruption, anti-money laundering or counter terrorist-financing to help improve business integrity outcomes at portfolio companies and funds
  • To identify, communicate and promote best practices in dealing with BI issues, both internally and externally, such as through training and awareness sessions
  • To provide mentoring and support to junior team members 

 

Skills & Experience

Essential:

  • Extensive knowledge of, and experience with, all aspects of the UK regulatory requirements on anti-money laundering and counter terrorist financing (AML/CFT) and/or anti-corruption 
  • 5 + years experience in financial crime prevention, preferably in private equity or investment banking 
  • Experience with addressing financial crime issues related to:
    • emerging markets, ideally in the company's target geographies in Africa and/or South Asia; and, 
    • a wide range of sectors e.g. infrastructure, manufacturing, financial institutions
  • Experience in development of financial crime prevention solutions
  • University degree and preferably a postgraduate qualification in a relevant discipline
  • Interest in developing countries and poverty reduction 

Desirable experiance with:

  • in a financial crime compliance function, preferably in private equity or investment banking 
  • managing fraud and/or sanctions issues
  • developing and implementing financial crime compliance policies and procedures 
  • conducting and managing investigations of financial crime matters
  • developing anti-corruption solutions and/or application of adequate procedures in line with compliance with the UK Bribery Act

 

Personal Skills
The successful candidate will be expected to demonstrate the following:

  • Sound judgement
  • Strong communication skills, including ability to contribute to written papers and deliver oral presentations to senior stakeholders
  • Ability to emphasise and obtain agreement in a ‘win-win’ fashion in dealing with investment teams to both ‘sell’ and enforce essential internal procedures
  • Highly motivated and results driven
  • Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders.
  • Enjoy working as part of a team, collaborating and coordinating where appropriate
  • Attention to detail

 

Technical Skills

  • Knowledge of tools and techniques in one or more of anti-money laundering, anti-corruption and counter terrorist financing
  • Existing thematic knowledge of integrity issues in the company's target geographies would be an advantage
  • Competency in one or more languages relevant to company's target geographies would also be an advantage

 

Company Identities 

The company is looking for candidates that share their culture and reflect the company's identity, the company identities are described as follows:

  • Compassion is central to everything
  • Owe clients clients and prospective clients a fast and thoughtful process
  • Accept the tough challenges inherent in the company mission
  • Quick and non-defensive when things go wrong
  • Oppose bureaucracy 
  • Never forget that the company is investing and spending taxpayers’ money
  • Promote a fulfilling work environment

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