Compliance Sanctions Analyst
Join a Leading Compliance Team,
A leading Insurance group is seeking a dedicated Compliance Sanctions Analyst.
This role offers a unique chance to be part of a dynamic team within a reputable organisation that provides comprehensive insurance products, underwriting services, and broking.
Reporting to the Head of Compliance, the Sanctions Screening Analyst will support the Compliance Team in maintaining regulatory compliance across the Group.
Key responsibilities include:
- Conducting thorough screening of transactions and customer relationships to identify potential sanctions risks.
- Performing due diligence and risk assessments on new and existing clients, particularly in maritime activities.
- Analysing and investigating transactions, escalating potential sanctions violations as necessary.
- Developing and implementing sanctions compliance policies and procedures.
- Providing training and updates on sanctions laws and regulations.
Benefits of the Role:
- Professional Growth: Engage with a diverse range of compliance duties, enhancing your expertise in international sanctions laws and regulations.
- Collaborative Environment: Work closely with the Compliance Team and various departments, fostering a supportive and integrated work culture.
- Impactful Work: Play a crucial role in ensuring the business meets its global regulatory obligations, contributing to the integrity and success of the business.
- Continuous Learning: Stay updated with the latest changes in sanctions laws and regulations, and provide training to staff, ensuring continuous professional development.
Skills and Experience Required:
- Experience in a sanctions role within the insurance market, preferably with knowledge of the marine market.
- Proficiency in sanctions regimes and international licensing, particularly UK, EU, or US requirements.
- Ability to complete KYC processes and reach conclusive decisions.
- Understanding of Terms of Business Agreements (TOBAs) and regulatory requirements.
- Strong written and spoken communication skills for effective interaction at all levels.
This role is ideal for a motivated individual looking to make a significant impact within a leading compliance team.
