Manager. Financial Crime (Corporation)
Lloyd's
United Kingdom - London
1d ago

About Us

The Future at Lloyd's - Sharing Risk to Create A Braver World

Lloyd's is the world's leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market's underwriters and brokers, Lloyd's helps to create a braver world.

The Lloyd's market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

It promises a trusted, enduring partnership built on the confidence that Lloyd's protects what matters most : helping people, businesses and communities to recover in times of need.

Lloyd's began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd's market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

The Role

The role holder will support the Senior Manager, Financial Crime (Corporation) on the Financial Crime risk identification and mitigation activity across the Corporation including :

  • Acting as deputy nominated officer under the Proceeds of Crime Act;
  • Updating the Enterprise Wide Financial Crime Risk Assessment (EWRA) at an appropriate frequency using a risk-based methodology and in line with material changes in regulations and legislation;
  • Maintaining and updating the Corporation's Financial Crime policies and procedures and risk-based view of controls;
  • Developing and delivering Financial Crime training tailored to the requirements of the target audience;
  • Providing management information and updates on Financial Crime risk matters as and where required e.g. for operational risk purposes;
  • Receiving and analysing internal reports of suspicious activity, and reporting on where necessary;
  • Preparing internal and external reports relating to Financial Crime as required by the Corporation, such as REP-CRIM and the MLRO Report; and
  • Advising the first line in relation to its Financial Crime risk mitigation activities.
  • The role has a global dimension in that Lloyd's has offices in various jurisdictions.

    What Will You Do?

  • Deliver oversight (including supporting appropriate monitoring and assurance testing) of Lloyd's Members' Agents regarding the introduction (and management) of Members' FAL, to ensure compliance with applicable financial crime legislation.
  • Provide support to the Senior Manager, Financial Crime (Corporation), through team management and the provision of technical expertise, advice and guidance to the Corporation on Financial Crime.
  • This includes designing and managing the mechanisms for ensuring quality, consistency and speed of advice.

  • Provide technical expertise and managerial support in developing and, delivering suitable risk assessments for all six pillars of Financial Crime on an annual basis.
  • Maintain all Financial Crime policies, updating when necessary, and delivering review of first line processes and procedures for compliance with those policies.
  • Also managing the process for following up on identified breaches / waivers / dispensations / RIRs associated with the policies.

  • Gather and prepare for presentation all Financial Crime management information, as required by the internal and external reporting requirements set by the Executive, the Board and the Corporation's regulators.
  • Provide appropriate financial crime training to staff.
  • Acting as deputy nominated officer under the Proceeds of Crime Act, including receiving suspicious activity reports under that Act and suspicious transaction reports under the Market Abuse regime.
  • Identify upcoming relevant areas of regulatory or legal change, and how the Corporation's Financial Crime risk management framework may need to change in response.
  • Manage the administration of the Financial Crime team, including onboarding of new hires, payment of supplier invoices, data protection process monitoring and other team administration as may be required.
  • Operate the Financial Crime Risk Committee secretariat
  • Ensure liaison with other areas of the Corporation as necessary.
  • Manage direct reports to achieve the above.
  • What You'll Need

  • Expertise in all applicable Financial Crime regulations.
  • Working knowledge of the principles and practice of insurance and reinsurance business in the UK and around the world, including a sound understanding of legal frameworks, risks and requirements.
  • Knowledge and experience in the design, implementation and management of effective risk management frameworks and operating risk control processes.
  • A good understanding of, and alignment to, Lloyd's strategic objectives and priorities.
  • Knowledge of Lloyd's insurance transaction process, market practices, the dynamics of Lloyd's and business processes would be an advantage.
  • Experience of the dynamics and international players in regulatory and law enforcement, and a similar understanding regarding international insurance business and markets.
  • Proven ability of issuing clear and concise guidance and the delivery of effective training presentations.
  • The ability to analyse, understand, manage, develop and implement solutions and processes involving complex information.
  • The ability to lead project teams of professionals on complex issues and highly effective at building collaborative teams across organisations.
  • Existing project management / leadership experience would be an advantage.
  • Apply
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