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Senior Compliance Manager - Financial Crime Lead

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Lockton Companies

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • London

AI generated summary

  • You must have extensive regulatory knowledge, financial crime expertise, strong analytical skills, and experience in risk management and compliance, along with leadership and project management capabilities.
  • You will enhance Financial Crime policies, lead compliance oversight, manage the team, conduct regulatory scanning, resolve issues, develop training, and report on risks and trends.

Requirements

  • Extensive knowledge of the regulatory environment, particularly in Sanctions (US, UK, EU), the UK Bribery Act and other financial crime legislation, SMCR, and ICOBS, and their application in a business context.
  • Demonstrated ability to identify operational efficiencies and implement effective internal controls and systems.
  • Proven experience working within a risk and compliance function, with a deep understanding of regulatory frameworks and financial crime prevention.
  • Strong analytical skills, with the ability to compile, interpret, and present complex management information to facilitate informed decision-making.
  • In-depth understanding of the legal principles and regulations applicable to the insurance industry, including the structure and workings of the Lloyd’s market, insurer products, and broking processes.
  • Proven expertise in financial crime prevention, detection, and compliance monitoring activities.
  • Ability to build and maintain strategic relationships, delivering compliance solutions that meet both business and regulatory needs.
  • Experience in managing E&O risks and developing workflows that enhance operational efficiency.
  • A commitment to continuous professional development, with a focus on staying current with industry trends and regulatory changes.
  • Strong leadership and project management skills, with the ability to lead cross-functional teams and optimise the use of internal resources.
  • Proven ability to manage complex projects, demonstrating accountability and ensuring timely, effective delivery.

Responsibilities

  • Oversee the ongoing review, enhancement, and implementation of the organisation’s Financial Crime policies and procedures.
  • Lead second-line oversight and monitoring of the Financial Crime Framework, ensuring effectiveness and regulatory compliance.
  • Provide leadership and direct line management to Financial Crime SMEs within the Compliance team.
  • Serve as the Money Laundering Reporting Officer (MLRO) for Lockton European Brokers Limited (Malta) (TBC).
  • Proactively conduct horizon scanning to identify relevant emerging regulatory trends and issues, advising the business accordingly.
  • Manage the resolution of regulatory and financial crime breaches and complaints, ensuring accurate record-keeping, lessons learned, and corrective actions are effectively implemented.
  • Ensure the development and maintenance of strong controls and procedures to mitigate regulatory risk across the business.
  • Develop and deliver training across the international organisation.
  • Support the Head of Compliance in daily operations and in executing strategic compliance initiatives.
  • Drive the development of Management Information (MI) and Business Insights to inform decision-making and regulatory reporting.
  • Escalate significant issues, risks, or emerging trends to the Head of Compliance, offering strategic recommendations.
  • Collaborate closely with other Senior Compliance Managers and the broader Compliance Team to meet organisational goals and regulatory requirements.
  • Lead the implementation of best practices, staying informed on office-specific business activities and industry standards.
  • Oversee MI and reporting to the Financial Crime Committee, ensuring data integrity and regulatory alignment.
  • Act as the primary liaison with external advisors on complex Financial Crime matters.
  • Lead the organisation’s Financial Crime risk assessment, ensuring a proactive and comprehensive approach to risk management.

FAQs

What is the job title for this position?

The job title is Senior Compliance Manager - Financial Crime Lead.

Where is the vacancy located?

The vacancy is located in London, United Kingdom.

What type of work arrangement is offered for this position?

The position offers a hybrid work arrangement.

What is the main purpose of the role?

The main purpose of the role is to ensure the organisation has robust policies and procedures in place to prevent and detect financial crime across international operations.

What are some key responsibilities of the Senior Compliance Manager - Financial Crime Lead?

Key responsibilities include overseeing the review and implementation of Financial Crime policies, leading second-line monitoring of the Financial Crime Framework, managing a team of Financial Crime SMEs, and acting as the Money Laundering Reporting Officer (MLRO) for Lockton European Brokers Limited (Malta).

What qualifications or experience are required for this position?

Candidates should have extensive knowledge of the regulatory environment, experience working within a risk and compliance function, strong analytical skills, and proven expertise in financial crime prevention and detection.

Is there any specific knowledge about the insurance industry that is required?

Yes, an in-depth understanding of the legal principles and regulations applicable to the insurance industry, including the structure and workings of the Lloyd’s market, is required.

How important is leadership experience for this role?

Strong leadership experience is essential, as the role involves managing Financial Crime SMEs and leading cross-functional teams to optimize the use of internal resources.

What kind of skills are emphasized for this position?

Strong analytical skills, project management abilities, relationship-building skills, and a commitment to continuous professional development are emphasized for this position.

What is Lockton’s status in the insurance brokering industry?

Lockton is the world’s largest privately owned insurance broker with revenues in excess of $3.5 billion.

Is this position full-time or part-time?

This position is full-time and permanent.

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Lockton Companies

Finance
Industry
10,001+
Employees
1966
Founded Year

Mission & Purpose

What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 10,750+ Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.