Job Title: Financial Crime Officer Salary: £80,000 - £90,000 Location: London/Hybrid Overall Purpose of the Role A rapidly expanding International Insurance Broker is looking to hire a Financial Crime Compliance Officer on a permanent basis. You will sit within the 2nd line of defence to set policy, provide advice and challenge and monitor implementation.
The role has four key deliverables:
To maintain a framework of Financial Crime policies and procedures (the ‘Financial Crime Framework’ [FCF]) designed to ensure Financial Crime (including Money Laundering; Sanctions; Bribery & Corruption; and Fraud)
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 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 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 investigations into significant Financial Crime events
To write (and where appropriate) deliver Financial Crime training materials suitable to the jurisdictions
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
Experience
Experience in a global Financial Crime function within Insurance.
Expert understanding of Financial Crime matters across multiple jurisdictions.
Experience of investigations into Financial Crime breaches
Management of relationships with senior stakeholders up to and including C-Suite
If you feel that you have relevant experience & wish to be fast tracked for this position, please forward your CV & cover letter to kp@arthur-dev.sobold.dev
