Financial Crime Analyst

ENGINEERINGUK; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the insurance sector is seeking a Financial Crime Analyst to join their compliance team. The role involves conducting risk assessments, analyzing control frameworks, and advising on sanctions-related issues. Candidates must have a strong background in financial crime prevention and excellent analytical skills. The company values diversity and encourages applications from all backgrounds.

Benefits

Competitive compensation

Bonus

25 days leave

Private medical insurance

10% pension contribution

Fully paid 6-month family leave

Qualifications

• Proven experience in financial crime roles, ideally within insurance or financial services.
• Strong knowledge of anti-money laundering, terrorist financing, and sanctions regulations.

Responsibilities

• Conduct financial crime risk assessments to identify vulnerabilities.
• Perform sanctions screening to ensure regulatory compliance.
• Advise on financial crime queries, including sanctions issues.

Skills

Analytical

Problem Solving

Communication

Stakeholder Management

Education

Degree or equivalent experience

Professional qualification in Financial Crime prevention

Job description

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View more categories View less categories Sector Banking and Financial Services Role Analyst Contract Type Permanent Hours Full Time

About Great Lakes Insurance SE:

As a specialty provider of primary insurance services in the UK, Great Lakes London Branch ("GLLB") is a significant part of Great Lakes Insurance SE in Munich. Our business model focuses on opportunities related to reinsurance and innovation, as part of the Munich Re Group. Great Lakes Insurance SE operates from Munich and has branch offices in the UK, Ireland, Switzerland, Italy, and Australia.

Great Lakes Insurance UK Limited ("GLLS"), regulated by the PRA and FCA, is a fully owned subsidiary of GLLB and acts as the main facilitator for agency insurance business in the UK post-Brexit.

Job Purpose:

We are seeking an experienced Financial Crime Analyst to join our compliance team on a fixed-term contract. The role focuses on financial crime topics, including sanctions screening and advisory, supporting our efforts to detect and prevent financial crime and ensure compliance with GLLB and GLLS policies and frameworks.

The successful candidate will support financial crime prevention by conducting risk assessments, analyzing control frameworks, and advising on sanctions-related issues, reporting to the UK Head of Compliance.

Key Responsibilities:

• Conduct financial crime risk assessments to identify vulnerabilities.
• Assess and improve control frameworks.
• Perform sanctions screening to ensure regulatory compliance.
• Provide advice on financial crime queries, including sanctions issues.
• Advise on sanctions risks across insurance and reinsurance, ensuring compliance.
• Stay updated on financial crime trends and regulations.
• Conduct fraud risk assessments to meet legislative standards.
• Assist in developing and delivering financial crime training.
• Support onboarding and risk assessment of new business opportunities, including outsourcing arrangements.
• Implement proportionate risk-based financial crime norms aligned with group standards.
• Support compliance with financial crime legislation and regulations.

General Duties:

• Develop and improve financial crime processes.
• Escalate compliance issues with impact analysis.
• Contribute to quarterly compliance reports.

Competencies:

• Results-driven with strong decision-making skills.
• Business insight and understanding of market dynamics.
• Collaborative team player fostering diversity of opinion.
• Client-focused with strong relationship management.
• Innovative, creating efficiencies and leveraging technology.
• Courageous in addressing difficult issues and challenging the status quo.
• Persuasive with clear communication and active listening.

Key Skills and Experience:

Essential:

• Proven experience in financial crime roles, ideally within insurance or financial services.
• Strong knowledge of anti-money laundering, terrorist financing, and sanctions regulations.
• Experience in risk assessments and control framework analysis.
• Experience with sanctions screening and advisory support.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and in teams.
• Experience with complex insurance/reinsurance sanctions queries and outsourcing arrangements.
• Strong stakeholder management skills.

Qualifications:

• Degree or equivalent experience.
• Professional qualification in Financial Crime prevention or progress towards it.

Thought Leadership:

• Recognized as an expert and role model in your field.
• Mentor and share knowledge with colleagues.
• Promote inclusive behavior and a diverse, equitable, and inclusive work environment.

Benefits:

• Competitive compensation, bonus, 25 days leave (plus purchase options), private medical insurance, and a 10% pension contribution.
• Fully paid 6-month family leave.

About us:

We foster a culture of innovation, care, and clear communication. We support growth, digitalization, and inclusivity, aiming to create value for our clients and colleagues.

Diversity, Equity & Inclusion:

We value diversity in all its forms and are committed to an inclusive environment where everyone has equal opportunities to succeed. We encourage candidates from diverse backgrounds to apply, even if their experience does not exactly match all requirements.

Candidates can request reasonable adjustments during the recruitment process by contacting Talent Acquisition.

Company

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