At a Glance
- Tasks: Lead financial crime compliance initiatives and enhance policies for a top insurer.
- Company: Market-leading specialty insurer in the Lloyd’s Market.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Join a collaborative team focused on compliance and risk management.
- Why this job: Make a real impact in financial crime compliance and shape industry standards.
- Qualifications: 4+ years in Financial Crime/Compliance, preferably in (re)insurance.
The predicted salary is between 60000 - 80000 £ per year.
Financial Crime Officer opportunity working with a market leading specialty insurer operating within the Lloyd’s Market. You will focus on maintaining, enhancing and implementing financial crime policies and procedures, supporting financial crime risk assessments, and ensuring that company controls support adherence to all relevant laws and regulations applicable.
Key Responsibilities
- Promote a strong compliance culture and ensure adherence to financial crime regulations.
- Support and enhance the Financial Crime and Licensing Governance control framework.
- Maintain up-to‑date knowledge of AML/CTF, fraud, and UK, EU, US, and UN sanctions developments.
- Assist with annual financial crime risk assessments, including control evaluation and remediation follow-up.
- Review and update financial crime policies, procedures, and framework documentation.
- Maintain the High‑Risk Business Approval List.
- Prepare financial crime MI and committee reports, ensuring appropriate escalation of key risks.
- Manage key controls (e.g., Segregation of Duties reviews and Gifts & Entertainment registers).
- Conduct regulatory impact assessments and support business communications on emerging risks.
- Deliver and maintain financial crime training (annual and bespoke).
- Support wider Financial Crime and International Compliance projects, advisory work, investigations, and governance activities.
Skills & Experience
- 4+ years’ experience in Financial Crime/Compliance within the (re)insurance sector.
- Experience in financial crime functions, including risk assessments.
- Knowledge of UK, EU, US, and UN sanctions frameworks.
- Licensing experience within (re)insurance (desirable).
Financial Crime Compliance Lead for Insurance employer: Edenbrook
As a leading specialty insurer in the Lloyd’s Market, we pride ourselves on fostering a dynamic work environment that champions compliance and integrity. Our commitment to employee development is reflected in our comprehensive training programmes and opportunities for career advancement, ensuring that you can grow alongside our innovative team. Join us to be part of a culture that values collaboration, promotes a strong compliance ethos, and offers the unique advantage of working within a prestigious market.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Compliance Lead for Insurance
✨Tip Number 1
Network like a pro! Reach out to professionals in the financial crime compliance space, especially those in the insurance sector. Attend industry events or webinars to make connections and learn about potential job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML/CTF regulations and recent developments in sanctions. We want you to be able to discuss how you can enhance compliance culture and support risk assessments confidently.
✨Tip Number 3
Showcase your experience with real-life examples during interviews. Talk about specific projects where you’ve implemented financial crime policies or conducted risk assessments. This will help us see how you can add value to our team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Financial Crime Compliance Lead for Insurance
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Crime Compliance Lead role. Highlight your experience in financial crime and compliance, especially within the (re)insurance sector. We want to see how your skills match what we're looking for!
Showcase Relevant Experience:In your cover letter, showcase your relevant experience with AML/CTF and sanctions frameworks. We love seeing specific examples of how you've implemented policies or conducted risk assessments in your previous roles.
Be Clear and Concise:When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read through your qualifications and achievements. We appreciate a straightforward approach!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Edenbrook
✨Know Your Financial Crime Regulations
Make sure you brush up on the latest AML/CTF regulations and sanctions frameworks. Being able to discuss recent developments in UK, EU, US, and UN sanctions will show that you're not just knowledgeable but also proactive about staying informed.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience in financial crime compliance. Discuss how you've contributed to risk assessments or enhanced compliance frameworks, as this will demonstrate your hands-on expertise in the field.
✨Demonstrate a Compliance Culture Mindset
Be ready to talk about how you can promote a strong compliance culture within the company. Think of ways you've successfully fostered compliance in previous roles and be prepared to share those stories during the interview.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific financial crime scenarios. Practise articulating your thought process and decision-making skills, as this will help you convey your analytical abilities and strategic thinking.
