This is a great opportunity for a Financial Crime & Compliance professional to join this global re/insurance specialist.
Providing leadership to a small team you will support the Head, Financial Crime and Compliance Advisory on the Financial Crime and Compliance risk identification and mitigation activity across their global footprint.
This role would align to a financial services advisory specialist with a broad background working in a similar role within financial services and/or consulting.
Key Accountabilities:
- Provide support to the Head Financial Crime and Compliance Advisory, through team management and the provision of technical expertise, advice and guidance on Financial Crime and Compliance. This includes designing and managing the mechanisms for ensuring quality, consistency, and speed of advice.
- Provide technical expertise and managerial support in developing and, delivering suitable risk assessments for all six pillars of Financial Crime on an annual basis both for our UK and European entities and our global network.
- Maintain all Financial Crime and Compliance policies and standards, updating when necessary, and informing Monitoring and Assurance's testing of first line processes and procedures for compliance with those policies. Also managing the process for following up on identified breaches/ waivers/ dispensations/ RIRs associated with the policies and standards.
- Gather and prepare for presentation all Financial Crime management information, as required by the internal and external reporting requirements set by the Executive, the Board and our regulators.
- Design and deliver appropriate financial crime training to staff
- Acting as deputy nominated officer under the Proceeds of Crime Act, including receiving suspicious activity reports under that Act and Suspicious Transaction and Order Reports under the Market Abuse regime.
- Identify upcoming relevant areas of regulatory or legal change, and how our Financial Crime and Compliance risk management framework may need to change in response.
- Manage the administration of the Financial Crime and Compliance Advisory team, including onboarding of new hires, payment of supplier invoices, data protection process monitoring and other team administration as may be required.
- Operate the Financial Crime Risk Committee secretariat.
- Operate SMCR processes to ensure full regulatory compliance.
- Ensure liaison with other areas/functions, as necessary.
- Manage direct reports to achieve the above.
Knowledge & Experience required:
- Expertise in all applicable Financial Crime regulations and familiarity with the FCA Rulebook as it relates to Financial Crime.
- Knowledge of SMCR.
- Understanding of core Compliance principles and particularly the FCA and PRA Rulebooks.
- Working knowledge of the principles and practice of insurance and reinsurance business in the UK and around the world, including a sound understanding of legal frameworks, risks and requirements.
- Knowledge and experience in the design, implementation and management of effective risk management frameworks and operating risk control processes.
- A good understanding of, and alignment to our strategic objectives and priorities.
- Knowledge of insurance transaction process, market practices, the dynamics of the London Insurance Market and business processes would be an advantage.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
