At a Glance
- Tasks: Support and enhance financial crime compliance across the CFC group.
- Company: Join a dynamic insurance company with a fun and collaborative culture.
- Benefits: Full-time role with competitive pay and opportunities for professional growth.
- Other info: Exciting opportunity to work in a fast-paced environment with excellent career prospects.
- Why this job: Make a real impact in financial crime prevention while developing your compliance skills.
- Qualifications: Experience in compliance and financial crime systems, strong communication skills required.
The predicted salary is between 72000 - 88000 £ per year.
CFC are looking for a Compliance Manager to join us for a 6 month initial contract to be responsible for supporting the enhancement, delivery and implementation of the financial crime framework and controls across CFC group. Reporting to the Head of UK Compliance, the UK Compliance Manager is responsible for supporting the delivery of the Compliance Plan for the UK regulated entity and maintaining effective financial crime compliance systems and controls. In addition, the role provides generalist compliance support across the wider business, including in relation to licensing, conflicts of interest, and outsourcing.
Key responsibilities and accountabilities will include but are not limited to:
- Deliver high-quality and timely regulatory and compliance advice to the business in a practical and commercially focused way in relation to financial prevention and all relevant matters that reduce risk and resolve issues.
- Lead the analysis of complex sanctions cases across UK, EU, US, Canadian and Australian regimes.
- Oversee any suspected financial crime-related regulatory and policy breach or incident investigations, escalating findings and recommendations to the UK Head of Compliance.
- Support the Money Laundering Reporting officer (MLRO) in the performance of their full range of duties, including undertaking a preliminary screening and analysis of Suspicious Activity Reports (SARs) submitted by employees, advising the MLRO on whether disclosures should be passed on to external authorities.
- Lead on the Compliance review of broker additional commission arrangements.
- Perform horizon scanning for any relevant financial crime matters and communicate key changes at the Regulatory Horizon Scanning meeting.
- Manage personal workload proactively to support both the UK Compliance Team and International Compliance colleagues as required.
- Review and approve all escalations of screening alerts from the Compliance Operations team.
- Perform financial crime related monitoring activity.
Governance
- Responsible for maintaining financial crime-related framework, policies, procedures and guidance documents.
MI and Reporting
- Prepare external financial crime and sanctions-related reports (such as licence applications, SARs, and Frozen Assets Report).
- Support with the management of any financial crime projects for the Group.
- Prepare financial crime related content/reports for Risk Committee, Boards and other meetings as required.
- Responsible for developing and enhancing existing financial crime-related MI, KPIs and KRIs.
Training
- Support the development of junior members of the team.
About you
A highly experienced second line compliance professional with strong expertise in financial crime systems and controls within the Lloyd’s, Coverholder or UK company market insurance environment. Skilled at analysing, interpreting and communicating complex regulatory matters to varied audiences, with excellent written and verbal communication, report writing and attention to detail. Builds strong, collaborative relationships with internal and external stakeholders and has a solid understanding of international financial crime laws and regulations, sanctions, delegated authority arrangements, and the design and implementation of effective financial crime controls.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Compliance Manager - 6 month FTC in London employer: CFC Underwriting
CFC is an exceptional employer that fosters a dynamic and collaborative work environment in the heart of London. With a strong focus on employee growth, we offer numerous opportunities for professional development and innovation within our operations team. Our commitment to driving efficiencies and best practices ensures that every day presents new challenges and rewards, making it an ideal place for those looking to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager - 6 month FTC in London
✨Dive into Industry Groups
Join compliance and risk management groups on platforms like LinkedIn and Facebook. These communities often share temp job postings and insights. You’d be surprised at how many temporary gigs float around through word of mouth!
✨Showcase Your Expertise
Consider creating content on compliance topics that get you noticed—think LinkedIn articles or even a blog. This not only shows off your knowledge but can grab the attention of companies like CFC Underwriting when they’re searching for someone to fill a temporary position.
✨Tap into Recruitment Agencies
Reach out to recruitment agencies that specialise in compliance and risk roles. They’re usually in touch with companies looking to fill temporary roles, which can save us a lot of time in our job search.
✨Go Local with Networking
Attend local compliance and risk seminars or workshops. Meeting professionals in our area can open up temp opportunities, and it’s a great way to make your face known in the industry—plus, you might even meet someone from CFC Underwriting!
We think you need these skills to ace Compliance Manager - 6 month FTC in London
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Compliance Manager - 6 month FTC, make sure to highlight your understanding of industry regulations and risk management principles. Mention any relevant coursework, certifications, or projects that showcase your expertise in these areas—it's what sets you apart!
Highlight Your Analytical Skills:In the compliance-risk field, strong analytical skills are essential. Talk about your experiences that required critical thinking and data analysis, whether in past roles, internships, or academic projects. Show us how you've identified risks and implemented solutions in the past.
Tailor Your CV for the Temporary Role:Since this is a temporary role, focus on your availability and flexibility in your CV. Highlight any previous short-term roles or projects that demonstrate your ability to adapt quickly and deliver results in a fast-paced environment. This helps employers see you as an easy fit in their team!
A Concise Cover Letter is Key:Keep your cover letter short and focused! Explain why you're interested in the compliance-risk area specifically for this temporary position at CFC Underwriting. Mention what you hope to learn and achieve, showing your enthusiasm and motivation to contribute positively during your time there.
How to prepare for a job interview at CFC Underwriting
✨Know Your Compliance Basics
Make sure you're clued up on the key compliance and risk regulations pertinent to the industry you're applying to. Understanding frameworks like GDPR or AML will not only impress but also show that you’re ready to hit the ground running in your temporary role at CFC Underwriting.
✨Prepare for Scenarios
Expect scenario-based questions that test your problem-solving skills. They might ask how you'd handle a specific compliance issue. Think through real situations you’ve encountered in past roles or study hypothetical cases to showcase your analytical skills and practical judgement during the interview.
✨Highlight Your Adaptability
Since this is a temporary position, emphasise your ability to adapt quickly to new environments and team dynamics. Share examples of how you’ve successfully adjusted to changes in past roles and how this flexibility can benefit CFC Underwriting in the short term.
✨Gather Your Technical Tools
Familiarise yourself with commonly used compliance tools or software, as they might come up in the interview. If you've used tools for risk assessments or compliance tracking, mention those and be ready to discuss how they can streamline processes at CFC Underwriting.
