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- Tasks: Lead the Compliance team in tackling Financial Crime and liaise with regulators.
- Company: Join a specialist Insurance business in the prestigious Lloyd’s Market.
- Benefits: Gain valuable experience in a senior role with potential for career growth.
- Why this job: Make a real impact in governance and compliance while enhancing your professional skills.
- Qualifications: Must have experience in Compliance within a UK Insurance firm and knowledge of Financial Crime.
- Other info: This role includes responsibilities as Money Laundering Reporting Officer and Data Protection Officer.
The predicted salary is between 43200 - 72000 £ per year.
Working for the Compliance Director of this specialist Insurance business in the Lloyd’s Market, you will perform a senior role in the Compliance team, taking the lead on Financial Crime, acting as the main point of contact for the regulators, be the Money Laundering Reporting Officer (SMF17) and Data Protection Officer, and contribute to all aspects of the management of the Governance, Risk & Compliance team.
Current experience working in Compliance within a UK based Insurance firm is required, along with a strong track record on Financial Crime and Anti Money Laundering, and interacting with the Regulators.
Money Laundering Reporting Officer employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer
✨Tip Number 1
Make sure to familiarize yourself with the specific regulations and compliance frameworks that govern the UK insurance market. Understanding the nuances of these regulations will help you demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work within the Lloyd’s Market. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in financial crime prevention.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed compliance issues or interacted with regulators. Highlighting your hands-on experience will set you apart as a strong candidate for this senior role.
✨Tip Number 4
Stay updated on recent developments in anti-money laundering practices and financial crime legislation. Being knowledgeable about current events will show your commitment to the field and your proactive approach to compliance.
We think you need these skills to ace Money Laundering Reporting Officer
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasize your current experience in Compliance within a UK-based Insurance firm. Detail your specific roles and responsibilities related to Financial Crime and Anti Money Laundering.
Showcase Regulatory Interaction: Demonstrate your experience interacting with regulators. Provide examples of how you have effectively communicated and collaborated with regulatory bodies in your previous roles.
Detail Your Leadership Skills: As this role involves taking the lead on Financial Crime, highlight any leadership or senior roles you've held in compliance teams. Discuss how you have contributed to team management and decision-making processes.
Tailor Your Application: Customize your CV and cover letter to align with the job description. Use keywords from the job posting to ensure your application resonates with the hiring team and showcases your fit for the role.
How to prepare for a job interview at IPS Group
✨Show Your Expertise in Compliance
Make sure to highlight your current experience in Compliance within a UK-based Insurance firm. Be prepared to discuss specific examples of how you've handled Financial Crime and Anti Money Laundering issues.
✨Understand Regulatory Expectations
Familiarize yourself with the key regulations and guidelines that govern the insurance industry, especially those related to money laundering. Demonstrating your knowledge of these regulations will show that you are well-prepared for the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making skills in compliance situations. Think about past experiences where you had to interact with regulators or manage compliance risks, and be ready to share those stories.
✨Emphasize Your Leadership Skills
As this role involves taking the lead on Financial Crime, it's important to showcase your leadership abilities. Discuss any previous experiences where you led a team or project, particularly in a compliance context.
