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​​​​​​​Sanctions Advice Specialist - (P/T, job-share or F/T)

25621

Sanctions Advice Specialist – (P/T, job-share or F/T) 

Location: London, Swindon (other locations and home working will also be considered) 

 

       

The opportunity:  

A fantastic opportunity has arisen for a Sanctions Advice Specialist to join the UK Financial Crime team within the 2nd line of defence. This is a varied and challenging role providing support across several Insurance related lines of business, covering all areas of financial crime risk exposure with a primary focus on Trade and Economic Sanctions. 

 

The role will ideally suit individuals with strong international Sanctions knowledge, a deep understanding of the London market for insurance and reinsurance, and the ability to build and maintain strong relationships with stakeholders across all levels of business. Ideally you will have a good understanding of the operation of a Financial Crime Risk Management Framework within the UK Financial Crime regulatory environment.

 

The role will require strong relationship, influencing and decision-making skills and be required to work primarily within the UK, but also as part of a Regional and Global Compliance function. The role will require someone who is able to work both independently and as part of a team, in close collaboration with colleagues across the three lines of defence.

 

This role is available part-time, job-share or full time. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. 

 

 

Key Responsibilities:  

  • Investigation of specific sanctions case referrals and provision of Trade and Economic Sanctions advice and guidance to support all areas of the UK business in identifying, assessing, mitigating and monitoring ongoing exposure to Sanctions risk
  • Building and maintaining strong collaborative working relationships with 1st line business at all levels
  • Providing input into management of sanctions elements of the financial crime framework components including key governance forums, risk and controls assessment processes, issue management and response and contributing to regular internal reports
  • Ongoing management of 2nd line processes, policies and procedures relating to Trade and Economic Sanctions, assisting in review and updating them as required and in line with the Financial Crime Framework and both local and Group policies and standards
  • Proactively engaging with First line key stakeholders to advise on the design and oversight of systems, controls and risks pertaining to Sanctions
  • Tracking sanctions and embargoes regulatory changes and ensuring they are implemented to stay compliant, including supporting briefing papers to 1LoD colleagues
  • Providing input to design and execution of sanctions monitoring and testing program
  • Support and where appropriate manage key external relationships e.g.  relevant industry groups, regulatory bodies and government departments and maintain an informal network of contacts within the market
  • Contribute to the design, implementation and delivery of mandatory and higher risk employee Trade and Economic Sanctions Training
  • Escalate appropriate matters to senior management (including MLRO/Head of Financial Crime)
  • Communicate key Financial Crime updates to the UK business
  • Assist with Group led activities including deep dive reviews and Financial Crime compliance across individual Zurich Entities and Zurich UK

 

 

Your skills and experience:  

  • Strong knowledge and experience of best practice in managing Sanctions risks
  • In depth knowledge of main sanctions regimes and their international application (OFAC, EU, UN, OFSI)
  • Excellent understanding of multi-national General Insurance market in the UK, including international program business
  • Strong stakeholder management, business partnering and influencing skills demonstrated across leadership levels
  • Strong analytical skills with excellent attention to detail, with ability to understand complex (re)insurance and Sanctions scenarios and providing clear and commercially sensitive advice
  • Excellent verbal, written, and interpersonal communication skills, with ability to explain complex matters in simple terms
  • Strong awareness of latest regulatory and legislative developments
  • Ability to work independently in completing assigned duties to sometimes tight deadlines
  • A number of years of practical experience in Sanctions advisory roles within an FCA / PRA regulated financial services firm or regulator
  • Professional qualification from an internationally recognised body would be a bonus - ICA Financial Crime / Sanctions / AML Diploma or Advanced Certificate or similar 
  • A recognised legal qualification or experience would be a bonus but not essential – law degree / CILEx or similar

 

 

The Reward:

We offer an excellent lifestyle benefits package which includes:

  • Industry leading Defined Contribution Pension scheme where employer contributions are 12 % of base salary
  • 25 days holiday plus an additional 3 volunteering days
  • Full private medical cover/ contribution to medical cover
  • Car Allowance
  • Discounted gym membership
  • Discounted technology offers
  • Virtual GP appointment
  • Home workers allowance
  • Plus many more! 

 

At Zurich we will consider requests for flexible working on hiring.  Many of our employees work flexibly in many different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours.  Please talk to us at interview about the flexibility you may need. 

 

 

Who we are: 

With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees. If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. The success of our business is built on the contributions of our highly talented employees - people who work every day to position us at the forefront of the insurance industry. We therefore look to hire great people and we encourage those people to give their best. 

You’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.  

 

 

Further information: 

At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers and we want our employee base to reflect that.

Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.

 

With the above in mind we accept applications from everyone regardless of your background, beliefs or culture however we especially welcome applications from women, people from ethnic minorities, people with a disability and people who are LGBT+ as these groups are currently under-represented in our organisation.

 

We are committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity through the Zurich Community Trust.

 

We have won numerous awards for our work on Diversity and Inclusion.  We are also proud to be nominated for the 2020 Insurance Times award for Diversity and Inclusion.  You can read about our awards on our website.

 

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

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Apply now »