Financial Crime Analyst

To support the effective operation of Miller’s Financial Crime framework, with a particular focus on sanctions compliance. The role is responsible for undertaking sanctions screening and investigations, providing timely sanctions guidance to the business, supporting financial crime controls and contributing to the ongoing development of Miller’s sanctions and financial crime framework.

Role Responsibilities

• Undertake sanctions screening and enhanced due diligence as part of the onboarding and ongoing monitoring of clients, counterparties and transactions.
• Review, investigate and resolve alerts generated through sanctions screening systems, documenting analysis and decisions clearly and escalating complex or high-risk matters where appropriate.
• Assess sanctions referrals from the business and provide clear, timely and practical guidance on the permissibility of proposed activities.
• Maintain accurate records of sanctions assessments, investigations and decisions in accordance with internal procedures and regulatory expectations.
• Support the monitoring of business activity against Miller’s sanctions and financial crime policies, identifying potential breaches or control weaknesses and assisting in investigations where required.
• Assist in the preparation of management information relating to sanctions screening, high-risk jurisdictions and financial crime risks for internal governance forums including the Compliance Committee.
• Provide day-to-day sanctions advice and guidance to the business and support internal stakeholders in understanding sanctions risks and requirements.
• Maintain up-to-date knowledge of relevant sanctions regimes including UK, EU, US, UN and other applicable regimes relevant to Miller’s operations.
• Monitor developments in sanctions legislation, regulatory expectations and market guidance, highlighting potential impacts to Miller and supporting updates to internal policies and procedures where required.
• Support the management of sanctions licensing considerations, including assisting with the preparation of licence applications or regulatory engagement where required (e.g. OFSI).
• Assist in maintaining and developing Miller’s sanctions and financial crime policies, procedures and controls to ensure alignment with applicable legislation and regulatory expectations.
• Contribute to financial crime risk assessments and support periodic reviews of the effectiveness of sanctions and financial crime controls.
• Assist in responding to regulatory or internal audit requests relating to sanctions and financial crime compliance.
• Support the preparation of internal reports, governance papers and other materials relating to sanctions and financial crime risk management.
• Promote strong compliance culture across the business by providing practical support, guidance and challenge where appropriate.
• Perform additional responsibilities as reasonably delegated from time to time.

Qualifications

• Professional qualifications in insurance or financial crime are desirable, such as CII, ICA or ACAMS.

Knowledge

• Strong understanding of sanctions regimes and financial crime risks relevant to the insurance sector, particularly within the Lloyd’s and London Market environment.
• Strong knowledge of UK, EU, US (OFAC) and UN sanctions regimes and their application within the marine insurance context.
• Good understanding of financial crime regulatory frameworks applicable to financial services firms, including the Sanctions and Anti-Money Laundering Act 2018, FCA requirements, the Money Laundering Regulations, Proceeds of Crime Act, Criminal Finances Act, Bribery Act and relevant Lloyd’s requirements.
• Good understanding of customer due diligence and KYC expectations applicable to regulated firms.

Experience

• Experience working in a sanctions role within the Lloyd’s or London Market, with direct experience assessing sanctions risks arising from marine insurance placements.
• Experience conducting sanctions screening, investigations and enhanced due diligence.
• Experience analysing sanctions risks and providing clear, practical guidance to business stakeholders.
• Strong written and analytical skills, including the ability to document sanctions assessments and produce clear reports.
• Strong attention to detail and the ability to make accurate decisions in a timely manner.
• Ability to communicate effectively with stakeholders across different seniority levels.
• Strong organisational skills and ability to manage competing priorities in a high-volume environment.

At Miller, we are committed to creating an inclusive and supportive environment for all candidates. If you require any adjustments or accommodations to support you during the application process, please don’t hesitate to let us know.