Description
My client, who have a significant presence in the London Insurance market are looking for a Sanctions Officer to help improve their end clients sanction decisions, controls and procedures.
You must have significant experience working in a Sanctions role within insurance industry and Lloyds of London Markets.
Experience:
- Experience of working within Insurance industry and Lloyds of London markets.
- Significant experience of sanctions related roles, and providing sanctions advice.
- An understanding of the legal and regulatory framework relating to sanctions.
- An understanding of the external reporting requirements for sanctions and financial crime.
Responsibilities:
- Support the Sanctions team and Compliance Director, in respect of ensuring that the business is supported to assist with compliance with all aspects of sanctions.
- Responsible for sanctions decisions for the business after appropriate review.
- Conduct first line investigations, to fully understand sanctions issues and potential breaches
- Review and create policy, procedure and process documents related to sanctions
- Train or present sanction matters to employees at all levels within the organisation
- Assist with the day to day identification and management of sanctions related risks and the creation and implementation of applicable controls.
- Help raise awareness of relevant regulatory and legislative obligations and requirements in respect of sanctions compliance
- Act as a senior member of the Compliance team and interact effectively with other members of the team
- Ensure proactive engagement regarding the sanctions prevention and detection programme eg screening of systems, subsequent internal reporting process, leading of projects and tasks as required.