Job: Sanctions Manager Location: London Pay: £100,000
You will be responsible for building a strong business partnering model to support the business units to enable the effective sanctions compliance in support of the business strategy. The role will be met by monitoring sanctions laws and developments, leading on projects and advising on sanctions laws and policy and responding to and working with senior members of the business, executive stakeholders and clients and other third parties, where appropriate, to support compliance with policy and applicable sanctions, export control, and anti-boycott compliance laws.
Key Duties
To assist in the implementation & maintenance of sanctions
Review business transactions in line with the sanctions export control
Horizon scanning on regulatory developments and report to stakeholders any impact to business.
To conduct sanctions/trade control reviews, in particular suspected, alleged or actual breaches of sanctions and trade controls or policy.
To undertake due diligence, propose risk mitigation recommendations, support with corrective action plans with the relevant business area.
Engage external counsel where necessary in coordination with the Sanctions Lead
Provide SME support to M&A activity, conduct due diligence and support integration planning.
Conduct regular gap analysis
Assess enhancements of business proposals for local sanctions, trade controls procedures.
SME management of internal and external audits
Apply to obtain requisite licences from regulatory and/or Government bodies to enable licensable transactions including provision of insurance services for movement of controlled goods.
Provide SME support on impact of sanctions, trade controls on risk assessments, report key risks to senior stakeholders.
Provide leadership to staff members, fostering an inclusive and diverse team, providing flexibility, workplace support, training and resources required to undertake the role
Experience and Skills
Experience on sanctions, AML or trade controls in the insurance industry
Ability to balance commercial requirements against legal and regulatory requirements.
Team player with willingness to work with colleagues.
Attend international compliance conferences where relevant.
Business acumen experience in commerciality and risk awareness
Ability to build rapport, establish credibility and to engage and influence stakeholders at all levels, internally and externally
