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Senior Compliance Officer

The details


Job Title: Senior Compliance Officer (Financial Crime)
Salary: £75,000 - £80,000
Location: London/Hybrid
As a member of the Compliance Department, you will provide subject matter expertise and advice on Compliance & Financial Crime; including sanctions, and also provide expertise and advice on licensing.
Key Responsibilities:

  • Promote a culture of compliance by raising awareness of compliance and regulatory matters and ensure adherence to applicable laws and regulations.
  • Provide advice and expertise for colleagues, including underwriting; claims; and finance on Licensing and Financial Crime matters (Sanctions, AML, ABC, Conflicts of Interest, Gifts & Entertainment, Fraud, Tax Evasion, POCA, Market Abuse).
  • Complete new licensing applications and renewals of licences across the globe, maintaining relationships with overseas regulators.
  • Annual review of the Financial Crime Manual and Conflicts of Interest Policy. Produce the half-yearly MLRO reports.
  • Perform an annual risk assessment of every division’s exposure to and control over financial crime, evaluating their controls and their understanding of the company-wide controls in place in respect of key financial crime areas, and ensuring the follow-up of any recommendations.
  • Develop and maintain a scoresheet and guidance document to assist executive management with approving customers or transactions deemed to be ‘high-risk’.
  • Annual review of the Whistleblowing Policy and production of twice-yearly whistleblowing reports.
  • Investigate all notified incidents of fraud and report them to Action Fraud
  • Carry out the quarterly Segregation of Duty reviews, and check for any segregation of duty issues on all new system access requests.
  • Perform the annual Conflicts of Interest attestation. Manage the Conflicts of Interest / Gifts & Entertainment registers.
  • Oversee the Compliance Monitoring Programme and identify and implement enhancements as necessary.
  • Provide management oversight of the Compliance Monitoring Analyst.
  • Central point of contact for ELTO and responsible for ensuring all ELTO requirements are met by the Company.
  • Provide input to all Know Your Customer (KYC) requests from third parties and produce a standard compliance KYC response document.
  • Ensure that contract certainty is understood and that controls to monitor contract certainty are embedded within the company.
  • Ensure that all financial crime training modules remain current and effective and provide training to staff as required. Circulate Compliance Hot Topic bulletins on financial crime issues.
  • Support the Compliance team on other matters where time allows such as horizon scanning; regulatory returns; regulatory relationships; business queries; compliance projects and other work of the Compliance team.

Skills and Experience Specification

  • Knowledge and experience of the application of UK, EU, USA and UN sanctions - ideally in the (re)insurance sector.
  • Demonstrate a high level of problem solving and the ability to resolve issues.
  • An instinct to be proactive, identifying improvements to the department’s ways of working, reporting and communications.
  • Demonstrate a risk-based methodology in work methods and reporting.
  • Ability to manage own workload and that of direct report, prioritising tasks appropriately and ensuring that agreed delivery dates are achieved.
  • Excellent interpersonal skills, able to communicate effectively at all levels of the business in a confident and professional manner.
  • Good written communication skills to allow the job holder to write and respond to emails and other written correspondence in a professional manner both internally and externally.

 If you have relevant experience , please forward your CV to or call Kane Pelgrom on 0203 5877 908.

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