Financial Crime Analyst

Financial Crime Analyst

(Financial Services)

Location: United Kingdom (Remote)

Salary: Competitive

Permanent

Financial Crime Analyst | Financial Services | United Kingdom (Remote)

Company Overview

A leading insurance and risk management solutions provider across the UK and Ireland. With more than 100 offices and over 7,000 employees, the company has a vast scope of operations, providing services to over 6 million customers.

The company operates under several well-known brands and offers a wide range of products, including motor insurance, household insurance, commercial insurance, and specialist insurance for high-risk industries.

Role Overview

The team is looking for a Financial Crime Analyst to join their UK operation and assist with various aspects of financial crime and international sanctions. The position reports to the Financial Crime Manager and involves supporting them on international sanctions and financial crime issues. The role also requires contributing to specific goals to improve and incorporate the Group’s sanctions and financial crime framework across all regulated entities. In addition, the job involves assisting the Segment Head of Risk and Compliance to achieve the department’s key objectives.

Key Responsibilities

• Provide support to the Financial Crime Manager on international sanctions, including escalations to Group Financial Crime as well as collating sanctions and Financial Crime MI information for senior management.
• Advise stakeholders on all Financial Crime matters, log and respond to queries, support investigations, and assist in mitigating all sanctions and Financial Crime risks.
• Support the implementation and embedding of key Group policies within all segments.
• Assist with sanctions and Financial Crime monitoring and reporting.
• Deal with all Financial Crime and sanctions-related queries and escalate technical queries to the Financial Crime Manager.
• Conduct enhanced due diligence as and when required.
• Work closely with the KYC team on all client onboarding matters.
• Assist with all second-line Financial Crime tasks as may be required by the wider compliance functions.
• Ensure that the function is effective in delivering appropriate advice, guidance, and challenge to the business in ensuring risks and regulatory requirements are met.
• Be a trusted advisor to the business to help achieve good customer outcomes and positive regulatory relations.
• Work with the business to ensure that all regulatory, operational, and conduct risks that impact the segment have been identified, assessed, and have appropriate controls that are appropriately monitored.

Requirements

• Demonstrable knowledge of financial crime regulations and laws.
• Knowledge of sanctions regulations in place by OFAC, EU, UK, UN.
• Current and actively maintained knowledge of the regulatory environment, including good knowledge of the FCA handbook and how the relevant regulator(s), including overseas as applicable, operate.
• Strong written and oral communication skills.
• Strong analytical ability and influencing skills.

With a commitment to excellence, innovation, and community engagement, the company provides a supportive and rewarding work environment for its employees, including many exciting opportunities for growth and development.