At a Glance
- Tasks: Support the Central Sanctions team in managing compliance and screening processes.
- Company: Join Howden, a global insurance group with a strong employee ownership culture.
- Benefits: Flexible working options, career progression, and a supportive team environment.
- Other info: Diverse workplace with opportunities for personal and professional growth.
- Why this job: Make a real impact in compliance while working with a passionate international team.
- Qualifications: Experience in compliance and knowledge of financial sanctions required.
The predicted salary is between 40000 - 50000 £ per year.
Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries. People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.
As part of the broader Central Compliance function, the Central Sanctions team delivers screening services and sanctions advice to the Howden UK and Global Specialty Insurance division, UK Reinsurance division and the UK Retail division.
The UK Broking Central Compliance function comprises three teams; the Regulatory Interaction and Change team, the Monitoring team and the Sanctions team. Working alongside the divisional Compliance teams in UK Broking, the Central Compliance function provides services across the Specialty, UK Retail and UK Reinsurance divisions of Howden.
Role purpose
Supports the Central Sanctions team to maintain a consistent sanctions and screening framework that supports and enables Howden UK Broking to meet applicable sanctions and screening requirements. Assess the risks of Howden entities undertaking activity or transactions with individuals or parties who are subject to sanctions or where screening indicates that they pose a financial crime, money laundering, bribery and corruption, or reputational risk. The role is primarily focussed on reviewing and approving potential sanctions and financial crime matches, handling escalations and providing appropriate advice to the business.
Key Responsibilities
- Review and approval of financial crime and sanctions matters escalated to the Central Sanctions team.
- Manage own caseload of escalation, potential matches and referrals.
- Support with the delivery of the training and understanding programme in respect of sanctions and screening related requirements across all broking divisions in Howden UK.
- Screen books of clients and counterparties from acquisitions for sanctions and financial crime risks.
- Support outsourced services providers such as WNS to enhance delivery of service to the business.
- Supporting with the ongoing assessment of screening system capability, suitability and output.
- Monitoring of adherence to screening expectations by the business.
- Monitoring and liaison with business where potential sanctions matches are not being cleared in a timely manner.
- Assisting with the collation and production of Management Information in respect of sanctions and screening.
Required Skills & Experience
Required Experience
- Experience of managing compliance with the UK financial sanctions regime within a second line compliance function in a UK-based General Insurance broker.
- Experience of using ComplyAdvantage desirable.
- Experience with providing real time support and working in a fast-paced office environment.
Regulatory Knowledge
- Good knowledge of OFSI, OFAC, UN, EU and FCA requirements in respect of sanctions.
- General awareness of FCA requirements relevant to GI brokers.
- Broad knowledge and understanding of insurance, principles, products and services.
Technical & Analytical
- Strong attention to detail.
- Good MS Word, Excel and PowerPoint literacy.
Behavioural Competencies
- Stakeholder management and influencing skills in securing buy-in to recommendations and business benefits.
- Sound judgement and decision-making.
- Strong written and verbal communication skills.
- Good organisational skills.
- Collaborate and communicate within the team to deliver the overall service.
- Able to work independently.
Qualifications
Highly desirable:
- CII and / or London Market qualifications.
- ICA Diploma in Managing Sanctions Risk or similar.
What do we offer in return?
A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us:
- Our successes have all come from someone brave enough to try something new.
- We support each other in the small everyday moments and the bigger challenges.
- We are determined to make a positive difference at work and beyond.
Reasonable adjustments
We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours or hybrid working. If you're excited by this role but have some doubts about whether it’s the right fit for you, send us your application – if your profile fits the role’s criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.
Sanctions Officer in London employer: Endsleigh Insurance Services Ltd
Howden is an exceptional employer that prioritises employee development and fosters a collaborative work culture. As a Senior International Property Claims Lead, you will benefit from comprehensive training opportunities, a supportive team environment, and the chance to make a significant impact on client relationships in a dynamic international setting.
Contact Details:
Endsleigh Insurance Services Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Sanctions Officer 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 Endsleigh Insurance Services Ltd 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 Endsleigh Insurance Services Ltd!
We think you need these skills to ace Sanctions Officer in London
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Sanctions Officer, 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 Endsleigh Insurance Services Ltd. 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 Endsleigh Insurance Services Ltd
✨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 Endsleigh Insurance Services Ltd.
✨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 Endsleigh Insurance Services Ltd 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 Endsleigh Insurance Services Ltd.
