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- Tasks: Manage sanctions referrals and assess compliance risks across international territories.
- Company: Join a leading Lloyd’s Managing Agent in the dynamic London Market insurance sector.
- Benefits: Enjoy a competitive salary of £80k - £110k and a 12-month contract.
- Why this job: Be part of a crucial compliance team, enhancing your skills in a fast-paced environment.
- Qualifications: Prior experience in the Lloyd’s market and strong knowledge of international sanctions is essential.
- Other info: Ideal for self-starters who thrive with minimal oversight and enjoy stakeholder engagement.
The predicted salary is between 64000 - 88000 £ per year.
We’re working with a leading Lloyd’s Managing Agent to identify a proactive and knowledgeable Sanctions Specialist to join their compliance function.
This is a key role focused on managing sanctions referrals from underwriting teams across a range of international territories, requiring a solid grasp of current sanctions frameworks and strong stakeholder communication skills.
Key Responsibilities:
- Review and process sanctions referrals from underwriters, ranging from straightforward to complex cases
- Assess referrals across multiple high-risk territories including Russia, Cuba, Iran, and Sudan
- Apply up-to-date knowledge of international sanctions frameworks (EU/US/UK) to assess compliance risks
- Review slips and supporting documentation to evaluate exposure and advise on required actions
- Liaise closely with internal stakeholders, clients, and external Managing Agents to ensure accurate and timely responses
- Collaborate with sanctions technicians and analysts to escalate and resolve complex matters efficiently
- Support compliance with Lloyd’s market standards and contribute to the development of internal screening practices
- Prior experience working in the Lloyd’s or London Market is essential
- Strong working knowledge of international sanctions regimes, including sectoral sanctions (e.g. oil & gas transfers)
- Ability to interpret and apply sanctions lists across different jurisdictions and corporate structures
- Familiarity with underwriting processes and technical documentation (e.g. slips, basis of acceptance)
- A self-starter who can mange their time, workload and documentation with minimal oversight
- Excellent communication and stakeholder management skills
- Comfortable working in a fast-paced environment with minimal training required
Initial 12-month contract. Paying in the region of £80k – £110k per annum.
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Sanctions Specialist - London Market Insurance employer: G MASS
Contact Detail:
G MASS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sanctions Specialist - London Market Insurance
✨Tip Number 1
Familiarise yourself with the latest international sanctions frameworks, especially those relevant to the Lloyd's and London Market. This knowledge will not only help you in interviews but also demonstrate your proactive approach to staying updated in a fast-paced environment.
✨Tip Number 2
Network with professionals already working in the compliance function within the Lloyd's market. Engaging with them can provide insights into the role and may even lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed sanctions referrals or similar compliance issues in the past. Highlighting your experience with high-risk territories and complex cases will showcase your capability to handle the responsibilities of this role.
✨Tip Number 4
Demonstrate your strong stakeholder communication skills by preparing questions for your interviewers. Showing that you understand the importance of collaboration in compliance will set you apart as a candidate who is ready to contribute effectively from day one.
We think you need these skills to ace Sanctions Specialist - London Market Insurance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Sanctions Specialist. Familiarise yourself with the key requirements mentioned in the job description, such as knowledge of international sanctions frameworks and experience in the Lloyd’s or London Market.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job. Emphasise your understanding of sanctions regimes, stakeholder management, and any previous roles in compliance or underwriting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the industry. Mention specific examples from your past work that demonstrate your ability to handle sanctions referrals and communicate effectively with stakeholders.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at G MASS
✨Know Your Sanctions Frameworks
Make sure you have a solid understanding of the current international sanctions frameworks, especially those relevant to the role. Brush up on EU, US, and UK sanctions regulations, as well as sectoral sanctions related to high-risk territories like Russia and Iran.
✨Demonstrate Stakeholder Communication Skills
Prepare examples that showcase your ability to communicate effectively with various stakeholders. Highlight experiences where you successfully liaised with internal teams or external clients, particularly in complex situations.
✨Familiarise Yourself with Underwriting Processes
Since the role involves reviewing slips and supporting documentation, it’s crucial to understand underwriting processes. Familiarise yourself with technical documentation and be ready to discuss how you would assess compliance risks based on this information.
✨Showcase Your Problem-Solving Abilities
Be prepared to discuss how you approach complex sanctions referrals. Think of specific instances where you had to analyse a situation, interpret sanctions lists, and advise on required actions, demonstrating your analytical skills and attention to detail.
