At a Glance
- Tasks: Conduct sanctions screening and manage alerts for compliance in the insurance sector.
- Company: Join a leading Lloyd's managing agent with a focus on regulatory alignment.
- Benefits: Enjoy a competitive salary and an initial 9-month contract.
- Other info: Be part of a dynamic team with opportunities for process improvement.
- Why this job: Make a real impact in compliance while developing your analytical skills.
- Qualifications: Experience in sanctions screening and familiarity with major sanctions regimes required.
The predicted salary is between 50000 - 60000 £ per year.
This role supports the sanctions compliance function of a Lloyd's managing agent client, working as part of an embedded third-party team. The Sanctions Screening Analyst is responsible for the day-to-day operation of sanctions screening processes, alert management, and escalation procedures, with a focus on accuracy, efficiency, and regulatory alignment.
Key Responsibilities
- Conduct sanctions screening across counterparties, coverholders, and transactions in line with client procedures.
- Manage and resolve screening alerts, documenting decisions and escalation rationale.
- Maintain sanctions watchlists and screening configurations, ensuring alignment with OFAC, HMT, UN, and EU designations.
- Support the periodic review of sanctions policies, procedures, and risk appetite.
- Assist in preparing sanctions-related reporting for compliance and risk committees.
- Liaise with underwriting, claims, and delegated authority teams on sanctions queries.
- Contribute to process improvement initiatives including automation and workflow enhancements.
- Monitor sanctions regime updates and assess implications for screening coverage and procedures.
This role is placed and managed by a specialist third-party managing agent. Candidates will be embedded directly into the client's team.
Requirements
- Sanctions screening experience within insurance, financial services, or a related regulated environment.
- Familiarity with major sanctions regimes including OFAC, HMT, UN, and EU frameworks.
- Experience operating screening platforms and managing alert queues.
- Understanding of insurance market counterparty structures, including coverholders and TPAs, beneficial.
- Strong analytical skills with a methodical approach to alert investigation and documentation.
- Comfortable identifying process gaps and contributing to control improvements.
Benefits
- Competitive salary.
- Initial 9-month contract.
Sanctions Screening Analyst - Insurance employer: G MASS Consulting
G MASS Consulting is an excellent employer that values autonomy and innovation, providing a dynamic work environment where you can significantly impact non-financial returns processes. With a strong focus on employee growth, we offer opportunities for professional development and a hybrid working model that promotes work-life balance. Join us in our London office to be part of a collaborative culture that prioritises excellence and continuous improvement.
StudySmarter Expert Advice🤫
We think this is how you could land Sanctions Screening Analyst - Insurance
✨Join Financial Networking Events
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We think you need these skills to ace Sanctions Screening Analyst - Insurance
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at G MASS Consulting will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at G MASS Consulting. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give G MASS Consulting confidence in your short-term commitment to the role.
How to prepare for a job interview at G MASS Consulting
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with G MASS Consulting.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure G MASS Consulting that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
