- *Brand-New Contract opportunity - Compliance Officer (Outside IR35)**
My client is a Global and Lloyd's Market Insurance business and they are recruiting for an experienced Compliance Officer to support the Senior Compliance Officer(s) responsible for Financial Crime, Advisory and Monitoring.
The individual will provide subject matter expertise and advice on financial crime; sanctions and licensing matters as well as support the monitoring function and provide guidance where needed.
The role is being offered as a Contract for 3 Months initial term with the view to extension or conversion to perm.
Compliance Officer
Up to £780 per day outside IR35
Initial 3-month contract - Likely extension or conversion to perm
London/Hybrid with 3 days a week in the office ideally
- *Please note you must have recent Sanctions/Financial Crime experience within the insurance sector**
Duties will include:
- To provide advice on queries from the business relating to licensing and financial crime (Sanctions, AML, ABC, Conflicts of Interest, Gifts & Entertainment, Fraud, POCA, Market Abuse), ensuring a collaborative and consistent approach.
- To support underwriters by reviewing and performing the necessary Enhanced Due Diligence checks, where required.
- To assist with any financial crime investigations, as requested by the Senior Compliance Officer(s).
- To provide input to all Know Your Customer (KYC) requests from third parties and produce a standard compliance KYC response document.
- To assist with the review of the daily sanctions alerts via the various screening systems.
- To review the financial crime training modules to ensure that they remain current and effective and, where necessary, provide training to staff, including the delivery of face-to-face training, as required.
To be considered suitable you must have the following skills/experience:
- Strong knowledge and experience of the application of UK, EU, USA and UN sanctions in the (re)insurance sector as well as international licensing requirements.
- Demonstrate a high level of problem solving and the application of a risk-based methodology to resolve issues.
- An instinct to be proactive, identifying improvements to the Department's ways of working, reporting and communications.