Sanctions and Financial Crime Analyst

Munich Re; London; Hybrid; GBP 35,000 - 65,000; Full time

Job summary

An innovative firm is seeking a Sanctions and Financial Crime Analyst to join their dynamic team. This role is pivotal in ensuring compliance with legal and regulatory requirements related to sanctions and financial crime. You will monitor updates, assist in producing management reports, and provide essential advice to the business. The position offers hybrid working arrangements, allowing you to balance your professional and personal life effectively. Join a company that values diversity and empowers its employees to thrive in a collaborative environment, making a significant impact in the insurance sector.

Benefits

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• Strong understanding of sanctions and financial crime regulations.
• Ability to engage with stakeholders across departments.

Responsibilities

• Monitor updates on sanctions and financial crime regulations.
• Assist in producing sanctions management information reports.
• Provide compliance advice to the business.

Skills

Insurance terminology

Regulatory environment expertise

Stakeholder engagement

Attention to detail

Communication skills

Job description

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us
MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Sanctions and Financial Crime Analyst

Hybrid working – Commutable distance to London, Manchester or Birmingham local office.

We are looking for a Sanctions and Financial Crime Analyst to assist the Manager in ensuring appropriate arrangements are in place to meet legal, regulatory and Munich Re Group requirements relating to sanctions, counter-terrorist financing, ABC, AML, fraud, the UK Criminal Finances Act and export controls.

Responsibilities

• Monitor legal, regulatory and Munich Re Group updates relating to sanctions, export controls and financial crime.
• Assist with the production of monthly and quarterly sanctions management Information (MI).
• Assist with the provision of advice to the business relating to sanctions, export controls and Financial Crime.
• Keep query and tracking logs up to date and ensure that all documentation is appropriately filed.
• Provide assistance relating to other Compliance matters in the absence of the Compliance Assistants.
• Responsible for administrative and ad hoc tasks as and when needed to assist the Risk and Compliance Team.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

• Understanding of insurance terminology and the Lloyd’s market.
• Expertise of the current regulatory environment.
• Stakeholder engagement and an understanding of cross-collaboration between other departments within an insurance organisation.
• Accurate with good attention to detail.
• Good communication skills, both written and oral.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognize diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wider range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

• Electric Vehicle Salary Sacrifice Scheme.
• Study & continuing Professional Development Support.