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Senior Financial Crime Officer (Insurance)

The details


Job Title: Senior Financial Crime Officer (International Sanctions)
Reports to: Global Compliance Director                                               
Salary: £80,000 - £90,000
Location: London - Hybrid
You will be focused on four key deliverables:

  • To maintain a framework of Financial Crime policies and procedures designed to ensure Financial Crime (including Money Laundering; Sanctions; Bribery & Corruption; and Fraud) risk is managed to wthin stated appetite and to set the right Financial Crime culture
  • To advise and assist UK and overseas business units in implementing the FCF in a proportionate way that recognises local laws and practises while ensuring risk is adequately managed;
  • To oversee and test the strength of Financial Crime controls, reporting results to the Group Board and working with the business to remedy weaknesses and ensure that the framework responds to operational and legal change, and;
  • To manage and mentor junior team members.

Key Responsibilities & Accountabilities

  • To maintain Policies designed to manage Financial Crime Risk, covering principally Money Laundering; Sanctions; Bribery & Corruption; and Fraud.
  • To assist UK and Overseas Businesses (line 1) in implementing controls and procedures designed to meet Policy requirements including the procurement of services from third parties
  • To prepare an annual Annual Financial Crime Risk Review and Assessment, identifying Financial Crime risks over near term (1 year) and medium term (3 years) and making recommendations to the Board for their resolution.
  • To write other regular reports for the Boards and Committees of BMS globally, advising on the status of Financial Crime risk management
  • To identify emerging Financial Crime risk and advise the Board on risk appetite and controls
  • To represent BMS at industry Financial Crime forums
  • To lead on Financial Crime query resolution and advise the business on transactions and relationships including the approval of High Risk relationships and transactions
  • To lead investgations into significant Financial Crime events
  • To write (and where appropriate) deliver Financial Crime training materials suitable to the jurisdictions in which BMS operates
  • To liaise with, and report to, external bodies on Financial Crime matters including the FCA, NCA, Lloyds of London, OFSI and other global regulatory bodies (and to assist local businesses when doing same)
  • Manage Financial Crime Analysts as & when recruited to the team.
  • Maintain the Financial Crime Register
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