Financial Crime Specialist - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

In this role, you will:

Establish an open and constructive relationship with regulators (and supervisory bodies). Coordinating and managing this relationship including, but not limited to, the Prudential Regulation Authority, the Financial Conduct Authority and Lloyd's;
Provide advice to the governing bodies on compliance with applicable laws and regulations, and providing advice to the business, for example in the form of policies and procedures or written updates, in relation to applicable laws and regulations;
Assess the possible impact of any regulatory development on the operations of the business and working with the business with regard to compliance;
The identification and assessment of compliance risk, and the development and oversight of an appropriate framework to ensure the management of compliance risk;
Such a framework will include assessing the adequacy of the measures adopted by the business to prevent noncompliance including monitoring to ensure these procedures are being adhered to;
Ensure that the firm's Compliance Strategy is in line with its broader strategic objectives. Working with the business to assess new opportunities and ensuring appropriate control frameworks are established;
A key part of Compliance Strategy will be to oversee the company's Conduct Risk framework and associated policies and procedure in conjunction with management and the business;
Work closely with Group Compliance & Ethics to ensure that the the compliance framework is consistent with the framework in place for the Group;

Skills and experience required:

Relevant professional qualifications and strong academic record. A legal background is strongly preferred, together with a demonstrable experience in a compliance function.
Awareness of the applicable regulator's requirements and the enforcement environment.
Excellent understanding of the general insurance and reinsurance industry and ideally the position of the London market.
First class people skills and a team player with excellent written and verbal communication.
Proven experience and track record of solving problems and delivering solutions to the business in a way that balances regulatory obligations with a strong commercial understanding.