We are looking for an individual with previous Sanctions experience within insurance or financial services to join our London office.
The Sanctions Officer is a key member of the Risk & Compliance team, reporting to the Head of Risk & Compliance. They are responsible for ensuring that Miller maintains effective sanctions and financial crime screening systems and controls, and that accurate and timely sanctions advisory services are provided to the business.
- Join an established business team at Miller, working alongside a team of 10 Risk & Compliance professionals – a well-respected and high-profile team at Miller,
- A role will significant exposure to senior stakeholders, including the Board
- Excellent professional development, and a team with opportunity to be involved in wider financial crime aspects in future
- Keep abreast of regulatory and legislative changes and assist in advising on the impact of any applicable FCA Consultative Papers, Policy Statements, Rule changes, EU and other directives and any other guidance/ requirements relating to financial crime and sanctions.
- Regularly review and ensure that Miller’s sanctions related policies, procedures, systems and controls remain appropriate, given changes to legislative requirements or the risk profile of the business.
- Undertake enhanced due diligence and screening checks as part of the take-on of new business entities, researching various sources of publicly available data via the Internet and purchased software in order to be satisfied the entity can be traded with.
- Review, investigate, authorise or escalate alerts raised as a result of sanction screening.
- Monitor the on-going suitability and performance of Miller’s sanctions screening software, together with undertaking administrative duties on behalf of all screening software users.
- Proactively communicate changes which may impact policies; business processes; management and compliance risk management controls.
- Contribute and provide financial crime support in strategic or operational projects.
- Assist with the preparation of timely and accurate meeting packs, registers, reports and notifications for the Company relating to sanctions and high risk screening.
- Identify opportunities to improve the effectiveness and efficiency of financial crime related processes, in particular escalation processes between the business and the Compliance Team.
- Proactively provide sanctions advice and guidance to the business.
- Assist in the development of financial crime related training modules and guides.
- CII certified (or working towards)
- A comprehensive understanding of the insurance industry, and the regulatory environment within which Miller operates and the sanctions and financial crime related requirements it must meet.
- A proven understanding of and experience in making business decisions based on applicable sanctions regimes, in particular sanctions expectations under EU/HM Treasury, OFAC, UN and the Export Control Order 2008, and the awareness of the risks associated with Politically Exposed People.
- Proven experience working in a the financial services sector within a sanctions role, preferably having held such a role in an insurance broking firm or a consultancy providing advisory services to insurance firms.
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We recognise that many individuals are balancing careers with commitments outside of work and we are open to discussing flexible working situations. We also recognise that there may be adjustments we can make to support your application. Please feel free to discuss your requirements with your recruiter or our HR team.