This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The Vacancy
Purpose of the Role:
Global (re)insurance broker is seeking a Financial Crime Analyst to join their UK team to provide support on all aspects of Financial Crime and international sanctions. Reporting to the Financial Crime Manager, you will be required to provide support to the Financial Crime Manager on international sanctions and Financial Crime issues. The role holder will also be required to assist in delivering specific objectives to enhance and embed Group’s sanctions and Financial Crime framework across all regulated entities. You will also be required to support the Segment Head of Risk and Compliance to deliver the functions key objectives.
Key Accountabilities include:
To provide support to the Financial Crime Manager on international sanctions, including escalations to Group Financial Crime as well as collating sanctions and Financial Crime MI information for senior management
Advise stakeholders on all Financial Crime matters, logging and responding to queries, supporting investigations, and assisting in mitigating all sanctions and Financial Crime risks.
Support the implementation and embedding of key Group policies within all segments
Assists with sanctions and Financial Crime monitoring and reporting
Deal with all Financial Crime and sanctions related queries and escalate technical queries to the Financial Crime Manager
Conducting enhanced due diligence as and when required
Working closely with the KYC team on all client onboarding matters
Assist with all 2nd line Financial Crime tasks as may be required by the wider compliance functions
Other Compliance Tasks
To assist in developing a strategic approach to risk and compliance across Ardonagh Specialty.
To ensure that the function is effective in delivering appropriate advice, guidance and challenge to the business in ensuring risks and regulatory requirements are met.
To be a trusted advisor to the business to help achieve good customer outcomes and positive regulatory relations.
Working with the business to ensure that all regulatory, operational and conduct risks that impact the segment have been identified, assessed and have appropriate controls that are appropriately monitored.
To provide effective and efficient risk and compliance support whilst facilitating a good working knowledge of regulatory risk requirements within the business, through clear communication and training.
To ensure that there is on-going assurance of and adherence to relevant Group Policies and Business Standards.
Provide the business support to understand and adopt regulatory change requirements, provide advice, guidance and challenge in the application of regulatory requirements.
Support the wider Compliance Function on relevant compliance tasks.
Take a lead role in supporting the business in reviewing and recording of Terms of Business Agreements.
Support the segment Compliance Manager to ensure the firm has appropriate second line oversight of business practices/processes that are intended to ensure our operations are compliant at all levels.
Assist the Segment Risk and Compliance Director with the provision of information and updates to be included within Board packs and/or discussion papers and support the function for segment or Group committees as required.
Assist the function in ensuring the segment policies and procedures are reviewed and updated at least annually.
Assisting the Segment Risk and Compliance Director in segment and Group regulatory change projects as and when required, including annual reviews of integrated regulatory change.
Key Role Accountabilities:
Functional Knowledge/ technical knowledge:
Demonstrable knowledge of financial crime regulations and laws
Knowledge of sanctions regulations in place by OFAC, EU, UK, UN
Current and actively maintained knowledge of the regulatory environment, including good knowledge of the FCA handbook and how the relevant regulator(s), including overseas as applicable, operate. Able to apply this in a practical way to business processes, procedures and controls.
Business Expertise:
Strong written and oral communication skills.
Strong analytical ability, providing challenge to data received to ensure that reports produced are robust.
Ability to work on own initiative, solving problems where necessary, but ensuring consistency of approach with team colleagues.
Relationships and stakeholder management:
A level of expertise that enables support, guidance and challenge of senior leaders in the business.
Strong influencing skills and ability to sell the benefits of risk and regulatory risk management practices.
Able to build and manage relationships with internal and external stakeholders.
Good team player, gaining the benefits of work as a team to achieve a stronger result.
Qualifications & Experience:
Specialised Knowledge – Current and actively maintained knowledge of the legal and regulatory environment in respect of sanctions and financial crime Working knowledge of the FCA handbook.
Skills – Microsoft Office package to an intermediate level.
Professional Certification – Compliance or Risk Management or Chartered Insurance Institute preferred.
Experience: At least 2 years experience in a Risk and Compliance field focussed on financial crime and sanctions. Experience of managing projects, particularly in the area of risk, compliance and governance preferred.
Person Specification:
Essential:
High level of knowledge of working in a regulated environment.
Strong organisational skills and attention to detail.
Adaptability, ability to embrace and respond positively to change.
Analytical and investigative skills, logical reasoning and problem-solving skills – individually and collaboratively.
Ability to work under pressure.
Ability to quickly learn and work with new processes and systems.
Ability to train others on concepts, systems and processes.
The Company
Ardonagh Specialty Holdings Ltd incorporates Bishopsgate Insurance Brokers Ltd, Price Forbes & Partners Ltd, Ed Broking, Besso and Piiq. Together, these leading brands offer independent expertise and truly global reach across an unrivalled breadth of markets and client needs. #AD
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We and other Ardonagh Group companies will normally keep information for no more than 12 months after the application has ended unless you are successfully appointed, in which case we will retain information throughout the period of your employment (or engagement) and generally for no more than 7 years after you have ceased working for us.
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