West is a leading insurance provider to the global maritime industry. Our aim is to develop a sound understanding of our Members’ businesses and commercial objectives and to build long term relationships where service is a key component. We are headquartered in Luxembourg and our network of regional service centres in London, Piraeus, Hong Kong, Singapore and New York provide help and support to our Members in everything they do to in respect of their shipping operations.
The role
We are seeking an experienced and dynamic professional to join our team to assist with the management of the regulatory and legislative compliance function across jurisdictions within which our Mutual operates through the maintenance of an effective worldwide framework.
Key Responsibilities, including but not limited to
- Review Customer Due Diligence (“CDD”) documentation in place for policyholders and ensure appropriate execution of the CDD policy and procedure. Escalate issues when required.
- Monitor completeness of CDD documentation, including frequency of reviews, contribute to the continuing improvement of the CDD process.
- Liaise with Underwriting teams and provide support to address CDD complexities.
- Support the digitalisation project of CDD documentation.
- Monitor and review data to be collected in relation to sanctions’ regulations the Club is subject to. Ensure records are up to date and complete, liaise with Underwriting when required.
- Support the Compliance Manager in the preparation and provision of compliance trainings, ensure targeted attendance across offices.
- Ensure adherence to various Club’s policies and procedures and monitor processes such as Conflict of Interest declarations and Gift Register.
- Monitor licencing requirements in those countries where the Club operates and support the Compliance Manager to maintain the Licencing Guide.
- Monitor the calendar of annual compliance submissions, including both regulatory returns and licence renewals.
- Monitor adherence to requirements for the completion of Data Protection Impact Assessments.
- Provide general support to the Compliance Manager to deliver the Compliance Plan.
Qualifications and Skills
- Firsthand experience in CDD / Financial Crime within the London Insurance Market.
- Knowledge of general insurance regulation, operating processes and technology in the financial services industry.
- Detail orientated, ability to interact with other people and other functions and to work as a team member.
- Strong IT skills, proficient in managing data from different systems to ensure the timely delivery of management information and adherence to the Club’s procedures.
Working at West
At West, we firmly believe that our employees are the driving force behind our success. As a leading global maritime insurance organisation, we take immense pride in cultivating a workplace that not only values our employee’s expertise but also celebrates their achievements and personal growth.
We are dedicated to creating a dynamic and inclusive work environment that fosters professional development, encourages innovation, and promotes a healthy work-life balance. When you become a part of our team, you'll experience a supportive atmosphere where your skills are highly regarded, and your potential is nurtured to its fullest.
Join us on this exciting journey as we aim to set new standards in the industry and make a real difference. Your dedication and contributions are appreciated, and your overall growth and well-being are prioritised. Be part of a team that values its employees and empowers them to succeed.
West is an equal opportunity employer. We are committed to creating a diverse and inclusive work environment where all employees and applicants are treated with fairness, respect, and without discrimination.
We value the unique perspectives and experiences that everyone brings to West, and we believe that diversity is a source of strength and innovation. We actively promote equal opportunities for employment and advancement, regardless of race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected characteristic as defined by applicable laws.