Financial Crimes Specialist

Gallagher; Ipswich; On-site; GBP 40,000 - 60,000; Full time

Job summary

Gallagher Bassett is on the lookout for a Financial Crimes Specialist to enhance compliance efforts, particularly in sanctions and financial crime prevention. This role will involve managing compliance frameworks, conducting audits, and guiding teams while ensuring adherence to regulations. Join a team that values your expertise and offers opportunities for progression within their expanding global operations.

Benefits

Minimum 25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance (4x basic salary)

Income protection covering up to 50% of income

Health cash plan or private medical insurance

Volunteering days

Employee stock purchase plan

Gym discounts

Qualifications

• Extensive experience in compliance, particularly in sanctions and financial crime prevention.
• Preferred experience in the Marine insurance market.
• Ability to work independently and collaboratively in a fast-paced environment.

Responsibilities

• Manage and implement sanctions procedures and screening processes.
• Develop policies and conduct risk assessments in financial crime prevention.
• Assist with compliance-related due diligence for acquisitions.

Skills

Analytical skills

Communication

Problem-solving

Organizational skills

Attention to detail

Tools

Compliance management software

Job description

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Overview

Gallagher Bassett is seeking a Financial Crimes Specialist. This role is crucial for ensuring adherence to all relevant regulations, with a particular focus on advising our newly acquired Marine business, WK Webster. As Gallagher Bassett continues to expand throughout EMEA, this position will play a key role in integrating future acquisitions and scaling the Compliance team, offering opportunities for progression.

How you'll make an impact

• Sanctions Compliance: Manage and implement sanctions procedures and screening processes, ensuring alignment with current regulations and effective risk mitigation. Conduct audits and reviews of business activities to identify potential sanctions violations, providing expert advice on screening results. Serve as the key compliance contact for our Marine business, collaborating with the global Gallagher Sanctions team to ensure consistent compliance efforts.
• Financial Crime Prevention: Oversee financial crime aspects of the compliance framework, including money laundering, fraud, and bribery. Develop robust policies and procedures, conduct risk assessments, investigate suspicious activities, and report accordingly. Provide guidance and training to employees on financial crime prevention strategies.
• General Compliance Matters: Co-manage the compliance mailbox, respond to queries, and develop a knowledge base for streamlined handling. Assist with complaints and data-related matters, ensuring continuity of service during team members’ leave.
• Mergers & Acquisitions (M&A): Assist with compliance-related due diligence for acquisition targets, ensuring thorough evaluation and integration of compliance frameworks. Expand policies and procedures to accommodate new acquisitions, ensuring seamless integration.
• Other Responsibilities: Prepare reports on compliance activities, maintain documentation of processes and investigations, and contribute to the overall success of the compliance team.

About You

• Extensive experience in compliance, particularly in sanctions and financial crime prevention, with a strong understanding of global regulations.
• Preferred experience in the Marine insurance market.
• Excellent analytical, communication, and problem-solving skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Proficiency in compliance management software and tools.
• Strong organizational skills, attention to detail, and discretion in handling sensitive information.

Compensation and Benefits

Alongside a competitive salary, Gallagher Bassett offers a wide range of benefits, including:

• Minimum 25 days holiday plus bank holidays, with options to buy extra days.
• Defined contribution pension scheme with Gallagher contributions.
• Life insurance (4x basic salary, up to 10x).
• Income protection covering up to 50% of income.
• Health cash plan or private medical insurance.
• Additional benefits: volunteering days, employee stock purchase plan, share incentive plan, critical illness cover, gym discounts, season ticket loans, shopping vouchers, family care, and more.