Compliance Analyst

We are partnered closely with a highly reputable Insurance business who are seeking a Compliance Analyst to join their warm and growing Compliance function.

Duties:

• Undertaking client due diligence checks and determining the nature and level of due diligence required.
• Facilitating the onboarding process for new customers.
• Check that all appropriate information is contained in the KYC review of documents to meet all regulatory and legal requirements
• Ensure compliance with AML/KYC regulations, Internal policies, and procedures
• Report any suspicious or unusual activity to the compliance department.
• Using Sanctions & Regulatory Checking database to establish if there are reputational or sanction related issues.
• Ensure that during the process, any identified ‘High Risk’ cases from due diligence and sanctions activities are escalated to management
• Advising the business day-to-day as required on policy application and interpretation – e.g. customer due diligence requirements.
• Assist with specific departmental projects as required.
• Adhere to company and regulatory policies, procedures together with mandatory training requirements.

Experience:

• Previous experience within a Due Diligence/KYC/Compliance environment ideally within the London Insurance Market.
• Knowledge and use of sanction checking software
• Understanding of regulation and legislation requirements
• Experience of the technical tasks listed under key responsibilities & accountabilities
• Understanding of regulation and legislation requirements
• Good IT skills and ability to pick up new systems quickly
• Strong communication skills