Compliance Manager – 6 month FTC
Department: Governance
Employment Type: Fixed Term – Full Time
Location: UK – London
Reporting To: Alex Kasparian
CFC are looking for a Compliance Manager to join us for a 6 month initial contract to be responsible for supporting the enhancement, delivery and implementation of the financial crime framework and controls across CFC group.
Reporting to the Head of UK Compliance, the UK Compliance Manager is responsible for supporting the delivery of the Compliance Plan for the UK regulated entity and maintaining effective financial crime compliance systems and controls. In addition, the role provides generalist compliance support across the wider business, including in relation to licensing, conflicts of interest, and outsourcing.
About the role
Key responsibilities and accountabilities will include but are not limited to:
Advisory and oversight
- Deliver high-quality and timely regulatory and compliance advice to the business in a practical and commercially focused way in relation to financial prevention and all relevant matters that reduce risk and resolve issues.
- Lead the analysis of complex sanctions cases across UK, EU, US, Canadian and Australian regimes.
- Oversee any suspected financial crime-related regulatory and policy breach or incident investigations, escalating findings and recommendations to the UK Head of Compliance.
- Support the Money Laundering Reporting officer (MLRO) in the performance of their full range of duties, including undertaking a preliminary screening and analysis of Suspicious Activity Reports (SARs) submitted by employees, advising the MLRO on whether disclosures should be passed on to external authorities.
- Lead on the Compliance review of broker additional commission arrangements.
- Perform horizon scanning for any relevant financial crime matters and communicate key changes at the Regulatory Horizon Scanning meeting.
- Manage personal workload proactively to support both the UK Compliance Team and International Compliance colleagues as required.
- Review and approve all escalations of screening alerts from the Compliance Operations team.
- Perform financial crime related monitoring activity.
Governance
- Responsible for maintaining financial crime-related framework, policies, procedures and guidance documents.
MI and Reporting
- Prepare external financial crime and sanctions-related reports (such as licence applications, SARs, and Frozen Assets Report).
- Support with the management of any financial crime projects for the Group.
- Prepare financial crime related content/reports for Risk Committee, Boards and other meetings as required.
- Responsible for developing and enhancing existing financial crime-related MI, KPIs and KRIs.
Training
- Support the development of junior members of the team.
About you
A highly experienced second line compliance professional with strong expertise in financial crime systems and controls within the Lloyd’s, Coverholder or UK company market insurance environment.
Skilled at analysing, interpreting and communicating complex regulatory matters to varied audiences, with excellent written and verbal communication, report writing and attention to detail.
Builds strong, collaborative relationships with internal and external stakeholders and has a solid understanding of international financial crime laws and regulations, sanctions, delegated authority arrangements, and the design and implementation of effective financial crime controls.
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