Senior Financial Crime Analyst

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Role Summary and Purpose

As a Senior Compliance Analyst, you will be a key member of the Financial Crime Team, supporting the Senior Compliance Manager across all areas of financial crime, with a particular focus on sanctions. You will play an important role in ensuring that the business operates in compliance with applicable legal, regulatory and internal requirements.

 

You will contribute to the effective operation of a robust second-line Compliance Framework, including monitoring regulatory developments and providing clear, practical guidance to the business on applicable sanctions regimes and their impact on business activities. You will also contribute to the review and development of financial crime policies and procedures and design and deliver relevant training to business colleagues.

 

Key Tasks and Responsibilities

 

Financial Crime Team

• Lead financial crime horizon scanning and provide clear guidance to the business on financial crime laws and applicable sanctions requirements.
• Review and respond to financial crime referrals, including sanctions referrals, from the Claims and Underwriting teams.
• Support the development and delivery financial crime training, including ad hoc in-person sessions, to ensure staff understand and meet relevant regulatory requirements.
• Support the review and update of financial crime policies, procedures and guidance to reflect regulatory developments and industry best practice.

General

• Support the production and distribution of compliance materials and papers for relevant Committee and Board submissions.
• Contribute to the delivery of Compliance Plan activity and support the development of Compliance reports updating the business on the functions progress towards its Annual Compliance Plan.
• Promote a compliance culture by proactively identifying and addressing compliance risks, raising awareness of compliance matters and encouraging adherence to applicable laws and regulations.

 

Role Requirements & Skills

Skills / Competencies

• Strong analytical skills with the ability to interpret complex regulatory requirements and assess potential impacts on business operations.
• Strong interpersonal skills, with the ability to develop and maintain effective relationships with all business functions and liaise with stakeholders at all levels.
• Ability to communicate effectively, both verbally and in writing, including summarising regulatory papers, for distribution to the business.
• Detail-oriented approach with a commitment to accuracy and integrity in all compliance activities.
• Demonstrated ability to work independently, prioritise tasks, and meet deadlines in a fast-paced environment.
• Proficiency in MS Office Software (Word, Excel, Powerpoint) and compliance management systems. 
• Demonstrate an enthusiasm and a desire to learn and contribute as part of a team

Qualifications

• Ideally educated to degree level.

Experience

At least two year’s experience in a compliance role with some exposure to financial crime matters within general insurance or the Lloyd’s/London Market;

or

At least one year’s experience in a legal or paralegal role, with some exposure to insurance and/or sanctions matters.

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