Due Diligence Senior Specialist (12 month fixed term contract)

Job description

The Role The Due Diligence Senior Specialist provides subject matter expertise through advice and support to inform and enable decision-making to Diamond Trading, and the broader De Beers Group through the Ethical and Sustainable Initiatives Team and other Business Units (BUs). The role ensures the business meets its regulatory and legislative requirements regarding the identification and verification of the identity of counterparties. The role also offers extraordinary in-depth investigation into a variety of red flag issues that may be subject to review by senior leadership, external legal counsel and regulatory authorities. The Due Diligence Senior Specialist cascades information and business intelligence to multiple BUs and coordinates and facilitates De Beers Group access to appropriate third-party due diligence service providers. The role sits within the Ethical Initiatives team closely coordinating with the Best Practice Principles and Pipeline Integrity teams, and Head of Compliance to maintain the disclosure of counterparties and develop capabilities of the BPP SMART System. Please note: this is a 12 month fixed term contract. Key Responsibilities Leading Implementation of the Due Diligence Programme: Lead and accountable for ongoing monitoring and red flag management of platform for counterparty risk issues; specifically: Timely investigations of potential red flags, elimination of false positives; and, Escalation of issues that cannot be dismissed based on publicly available information to the appropriate business unit in accordance with set processes and policies. Management of data on internal systems: Additions: Review and approval of new disclosures including full documentation review and follow-ups as required. Removal: Review, evidence gathering and approval of removal/inactivation requests. Structuring & trouble shooting: Assisting clients with structuring and remedial actions to meet De Beers regulatory compliance requirements Lead and responsible for annual bespoke internal due diligence programme/review. Selection and recommendation of client inclusion in annual checks. Public record research on existing clients & gap identification of undisclosed entities and individuals who may fall within the scope of De Beers disclosure requirements. Identification of adverse information relating to client entities and key individuals & escalation. Delivery of finding reports to clients, assistance and monitoring of remedial action Manage the Enhanced Due Diligence process Recommending the selection of High-Risk clients per annum Review & analysis of third-party produced reports Reporting of outcomes to the relevant internal risk committee Management of remedial actions required with clients and internal escalation if required. Dissemination of relevant changes to relevant business units. Leading Issue Specific Investigations : Lead and accountable for extraordinary investigations as required by De Beers Group handling commercially sensitive matters and reporting findings to relevant stakeholders including senior management. Oversee support for Sight Management & Shipping : Responsible for compilation and distribution of client administration Troubleshooting issues arising from Sight to enable timely transactions & sales by the relevant Business Unit. Leading (or in the case of third-party service access, coordinating) Ad Hoc Due Diligence requests for De Beers Group Management of ‘Ad Hoc’ due diligence requests from various BUs and Joint-Ventures (JVs). Leading & Driving – Engagement with Third-Party Due Diligence service providers : Management of ongoing relationships with suppliers, including cost monitoring and negotiations. Cultivation of new relationships with alternative suppliers. Management of administration and user access for other BUs to subscription services Coordinating and Leading ( on Disclosure related matters) - IT Management Team Management Responsible for one direct report, overseeing their priorities and key work responsibilities, advocating for their opportunities and career development. Allocating and delegating work appropriately, including ad hoc special projects, being accountable for the delivery of their role and responsibilities. Providing training and support to ensure their professional development and role fulfilment and recommending external training opportunities and courses to further develop their skills and understanding of the regulatory environment. Degree or professional qualification in a relevant discipline is essential. High levels of integrity, discretion, judgement and ethical decision making is mandatory. Ability to interpret complex legal and financial scenarios to understand risk and regulatory consequences for De Beers Group in managing its risk profile. Experience of managing external providers to provide solutions for De Beers Group. Ability to anticipate emerging industry trends, regulatory changes and stakeholder expectations and translate them into proactive strategies. Expert Awareness of regulatory landscape, including sanctions, tariffs, Anti-Bribery and Corruption (ABC), Anti-Money Laundering (AML) legislation and enforcement trends. Awareness of the diamond/luxury jewellery industry. Able to work well in relative isolation, but with strong collaborative drive to share high-priority information sensitively and as appropriate. Values driven, embracing an inclusive working environment in which everyone can work to their full potential. Willingness to travel internationally for stakeholder engagements. Willingness to pursue sector specific education and qualifications to keep pace with changing regulatory environment. What you’ll get at De Beers Group At De Beers Group, our purpose is to Make Life Brilliant — and that starts with supporting our people to thrive at work and beyond with benefits that support your health, time, and financial wellbeing . Time that’s yours: 27 days’ annual leave plus bank holidays, with the option to buy or sell leave via our flexible benefits platform. A pension that invests in your future: minimum 4% employee contribution plus 11% company contribution (15% total). Healthcare you can rely on: company‑funded core Private Medical Insurance (Bupa) , with options to upgrade or extend cover. Support when life gets busy: 24/7 confidential Employee Assistance Programme , access to a Mental Health First Aider network , and wider wellbeing resources. Financial perks & savings: access to our flexible benefits platform, including options such as holiday trading, travel insurance, dental cover, critical illness protection, retail vouchers and more. Share schemes: opportunities to participate in Anglo American share plans , including Free Shares, SIP and SAYE. Lifestyle perks: employee discounts, staff discount options, and onsite benefits where available (e.g. gym and restaurant facilities). Benefits may vary and are subject to scheme terms and eligibility. Who we are De Beers Group is a company with a rich history and a sparkling future. Since 1888 our experts have searched the world for nature’s most precious gem. Our diamonds bring beauty to the world. But we think they can do so much more. We want our diamonds, and our business, to make life brilliant – for our people, our customers and the world around us. Venetia Mine is part of De Beers Group Managed Operations Business which integrates mines, operations and support functions in the De Beers Group producer countries of Canada and South Africa to shape a safe, sustainable future for De Beers Group’s people, shareholders, communities and partners. Safety Safety first is a way of life for us. We are unconditional about the safety, health and well-being of our colleagues, at work and at home, and about that of the communities where we work. We aim to lead the industry by investing in innovation to protect people, who are at the heart of our business. Our high performing teams take accountability for their own and others' actions, work collaboratively, and always show care and respect. Inclusion & Diversity We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are. We provide equality of opportunity to enable everyone to fulfil their potential. Referrals incentive applicable: This opportunity is open to a paid referral incentive according to the Referral Policy. Referral incentives are applicable to De Beers Group internal employees only. Building Forever Sustainability is at the heart of our decision-making – it is how we do business. Building Forever is key to our purpose as it represents our ambitious and holistic sustainability framework and is central to our ability to deliver long-term value to our communities and partners. This shapes how we protect our social and environmental license to operate, build a long-term legacy in our host communities and earn consumers’ trust in our diamonds that they can wear with pride. Background Checks Successful candidates will be required to complete background screening which may include a criminal check and validation of qualifications. #LI-SB1