Financial Crime Officer (Advisory)

Job Title: Financial Crime Officer (Advisory)

Reporting to: Senior Financial Crime Officer

Direct Reports: N/A

Position Type: Permanent, 35 hours per week

Hybrid: 3 days in the office, 2 days working from home

Job Purpose
 

The Financial Crime Officer (Advisory & Investigations) will be part of an essential team within International Compliance – the Financial Crime Advisory & Investigations team who support and advise the business and internal functions in matters relating to:

• All pillars of financial crime (Sanctions, Anti-Money Laundering (AML)/ Counter-Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Fraud, Market Abuse and Anti-Tax Evasion Facilitation) and,

• TMHCC’s Licensing and authorisations compliance.
   

Reporting to the Senior Financial Crime Officer (Advisory & Investigations), this role will involve the timely response to all queries, referrals and escalations from the business, and working within a team to ensure regulatory compliance with relevant financial crime and licensing laws and regulations, and support the resolution of any required investigations.

Key Responsibilities

• Assess, review and prepare timely responses to financial crime related referrals and business queries, ensuring adherence with regulatory expectations.

• Promote a culture of compliance by raising awareness of financial crime and compliance considerations, ensuring adherence to applicable laws and regulations.

• Develop and maintain current knowledge on relevant financial crime regulatory developments particularly in relation to UN, UK, EU and US sanctions, Fraud, and AML/ CTF.

• Support the timely provision of advice to support adherence to TMHCC’s licensing and authorisation permissions and applicable conditions.

• Support the process for AML related verifications including preparing responses to all KYC requests from third parties.

• Review, assess and timely closure of financial crime screening alerts which have been escalated to 2LOD.

• Support the annual, and as necessary ad hoc reviews, of financial crime related policies, procedures and contribute input into other documentation that comprises the Financial Crime Framework.

• Maintain the Licensing & Financial Crime Schedule ensuring financial crime indicators and licensing permissions and conditions are up to date.

• Support the review of all financial crime or licensing related exceptions or escalations that may arise across THMCCI.

• Support the investigation of all notified financial crime related incidents including (as applicable) all required reporting to Action Fraud, NCA, OFSI and FCA.

• Support the input into regular reports to key stakeholders, including the relevant Committees, on the output of the monitoring and assurance activities as well as high risk business.

• Maintain all internal logs and records of advice, investigations, and issues to ensure an accurate audit trail.

• Support the Financial Crime team where necessary on other matters falling within the overarching Financial Crime Framework, such as horizon scanning, initiatives to enhance key financial crime controls, review and updates to policies and procedures, financial crime risk assessments, screening, financial crime projects, training and communications, and other workstreams of the broader International Compliance team.

Skills and Experience Specification:
 

Essential:

• Financial Crime /Compliance Officer with 4+ years experience in the (re)insurance industry.

• Previous experience within a financial crime advisory and investigation function.

• Good knowledge and experience of the application of UK, EU, US and UN sanctions in the (re)insurance sector.

• Demonstrate a high level of analytical and problem-solving capability and the ability to convey complex messages in a clear manner.

• Demonstrate a risk-based methodology in work methods and reporting.

• Ability to prioritise and manage own workload, ensuring tasks are completed within delivery dates.

• Excellent interpersonal skills with the ability to communicate effectively and build relationships with a wide range of people.

• Excellent written communication skills to allow the job holder to deliver clear and fit-for-purpose documents including procedures and guidance.

Preferable:

• Experience advising on licensing matters within the (re)insurance sector.

• Strong knowledge and experience in investigating fraud suspicious and involvement in implementing anti-fraud control frameworks.