Skill Band: Niche Location: United Kingdom - Chatham
Type: Permanent Date Posted: 2 May 2019 Associate, Compliance & Oversight Chatham, Kent About Us All roles within Lloyd's have an integral support part to play in the achievement of the current strategic vision and will contribute overtly to: Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world's specialist centre for (re)insurance. Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work. The Role To support the Compliance & Oversight Manager, Market Services, in delivering an effective, high quality and efficient service that conforms to Lloyd's Compliance and Financial Crime arrangements and relevant regulatory framework in respect of Membership of Lloyd's and associated activities. What Will You Do?
Responsible for the maintenance and monitoring of Lloyd's PEP Register ensuring it is up to date at all times and flagging within systems reflects the PEP status.
Undertake daily sanctions screening and monitoring, ensuring all potential results are properly investigated and recorded, in line with procedures.
Provide support to both the Compliance and Oversight Manager (COM) and Financial Crime Manager (FCM) with monthly, quarterly, annual reporting and MI.
Assist with the review of PEP matches, material negative press issues, potential reputational risks, suspicious and unusual cases for escalation to Lloyd's Financial Crime Team.
Provide support to the COM and FCM in the escalation, to Lloyds Financial Crime Team, of suspicious activity and transaction monitoring issues arising from Market Services activities during the monitoring and review of members and third parties.
Provide assistance and support to the COM and FCM in the monthly quality assurance testing and reporting.
Assist in the review and updating of policies and procedures and the implementation of any new or amendments to Lloyd's policies, arising from changes to regulatory requirements/guidance.
Assist in the preparation and provision of on-going Compliance and Financial Crime training for Market Services.
Assistance with other ad-hoc Compliance and Financial Crime related activities. Ensure compliance with Lloyd's Trustee obligations, Compliance, Financial Crime and anti-money laundering legislation.
What You'll Need
Ability to react to continual changes in market conditions and policies
Ability to build and maintain stakeholder relationships
Influencing & negotiating skills
Ability to support a culture of continuous process improvement
Ability to use IT to analyse complex data
Ability to focus on the detail
Review & evaluation skills
Ability to interpret legal and regulatory advice & take appropriate practical actions
Knowledge of relevant UK and International legal & regulatory requirements
Knowledge of client onboarding requirements and the associated risks to Lloyd's
Understanding of the risks and issues that impact on the ability of CO Team to meet its objectives
Understanding of best practice principles
Knowledge of rules relating to membership of Lloyd's and Lloyd's trustee obligations
Knowledge of the Lloyd's annual business timetable
Experience of working in Compliance, Financial Crime and AML
Experience of working as part of a multi-process Team with varying fixed deadlines
Understanding of financial and operational risk
Experience of working within the rules and regulations of Compliance, Financial Crime, Anti Money Laundering
Experience of client on-boarding requirements
As the successful candidate, you can expect to be rewarded with a competitive salary, an enviable range of benefits. To apply, please visit www.lloyds.com We are committed to flexible working, therefore if you would like to consider this as a part-time opportunity, please email email@example.com At Lloyd's we believe that innovation comes from having an inclusive culture of equality and diversity. We use ClearTalents to discover how we might help you feel welcomed, supported and able to do as well as you can when applying to work for us, including identifying any reasonable adjustments that we may need to make. Should you feel that you require reasonable adjustments during your application process we request that you please follow this link to create a ClearTalents user profile: https://cleartalents.com/apply/lloyds-ac11556096118
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