Regulatory Compliance Officer

City of London Temporary £400 - £700 per day
  • 6 Month Contract Rolling
  • Competitive Day rate

About Our Client

Insurance firm based in the City

Job Description

  • Keep abreast of regulatory and legislative changes and assisting in advising on the impact of any applicable FCA Consultative Papers, Policy Statements, Rule changes and any other guidance/ requirements relating to the UK regulatory environment and financial crime, in particular sanctions.
  • Maintain knowledge of on-going changes in legislation, policies, procedures and practices in the EU and in other related geographies, identifying how these changes will impact the business.
  • Undertake enhanced due diligence and screening checks as part of the take-on of new business entities, researching various sources of publicly available data via the
  • Internet and purchased software in order to be satisfied the entity can be traded with.
  • Review, investigate, authorise or escalate alerts raised as a result of sanction screening.
  • Proactively communicate issues which may impact policies; business processes; management and compliance risk management controls.
  • Assist with the development, documentation and maintenance of their Financial Crime policies and procedures, ensuring that the requirements of external legislation and regulations (e.g. FCA, Lloyd's legislation, Money Laundering/Proceeds of Crime, Data Protection) are appropriately incorporated.
  • Provide sanctions advice and guidance to the business in a timely manner.
  • Monitor business activity against their sanctions policies and procedures to identify incidents of non-compliance, investigating and responding as appropriate and assisting in the provision of management information to the business units and Compliance Committee.
  • Support the advisory role provided by the department by responding to queries and issues from business units and overseas entities, principally from internal sources, relating to licensing requirements.
  • Assist, where required, with the preparation of information requests from the FCA and Lloyd's (and any other relevant regulatory or legislative body).
  • Assist, where required, in the undertaking of regulatory risk assessments across the firm, and determine the on-going adequacy of systems and controls.
  • Assist, where required, with the preparation of timely and accurate meeting packs, registers, reports and notifications for the Company relating to regulatory policy, sanctions and high risk screening.
  • Perform assigned responsibilities as delegated routinely or from time to time.
  • Adhere to and meet fully the expectations of teh firm, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to them.

The Successful Applicant

  • Good understanding of the insurance industry is highly desirable, including the regulatory environment within which operates and the sanctions and financial crime related requirements it must meet.
  • Proven understanding of and experience in making business decisions based on applicable sanctions regimes (in particular sanctions expectations under EU, HM Treasury,
  • OFAC, UN and the export control order 2008, and the awareness of the risks associated with Politically Exposed Persons).
  • General awareness of applicable financial crime requirements and their application to financial services firms, including but not limited to, expectations under FCA regulations, Bribery Act, Criminal Finances Act, Data Protection Act, Lloyd's legislation and Money Laundering/Proceeds of Crime.
  • Good understanding of the financial crime and know your client expectations that is expected to comply with.

What's on Offer

  • 6 month rolling contract
  • £400-£700 per day
Roisin Kelly
Quote job ref
Phone number
+44 207 776 5924

Job summary

Job function
Regulatory Compliance
City of London
Contract type
Consultant name
Roisin Kelly
Consultant phone
+44 207 776 5924
Job reference