<p><b>Job Description</b></p><p><b>Title:</b> Senior Compliance Associate </p><p><b>Division:</b> Risk & Compliance</p><p><b>Reports to:</b> Head of Advice & Guidance</p><p><b>Location: </b>London</p><p><b>Job Purpose</b></p><ul><li>To provide efficient and effective support to the Head of Advice & Guidance, the Advice & Guidance Team and wider Risk & Compliance function in the provision of risk-based and commercially focused advice to the Amwins Global Risks Group (AGRG).</li><li>To assist AGRG in its understanding of, and compliance with, all relevant laws and regulations.</li><li>To assist in the implementation of effective risk-based controls.</li></ul><p><b>Responsibilities</b></p><ul><li>Undertake screening of new & renewing business and payments for sanctions and financial crime indicators using tools provided and independent research, escalating potential matches to the Head of Advice & Guidance. Present findings relating to adverse results and recommending appropriate courses of action. </li><li>Undertaking research in relation to UK and international law, regulation, financial & trade sanctions regimes and other ad hoc subjects as may be required to support the provision of risk-based and commercially focused advice to AGRG and its trading entities.</li><li>Consideration and review of new and renewing counterparty relationships, including referral to the Head of Advice & Guidance and/or Chief Risk Officer and liaising with the Business Support Unit (BSU) and Business Divisions where required.</li><li>Assist in reviewing ongoing sanctions and due diligence alerts and escalating potential matches.</li><li>Assist in the review, negotiation and agreement of terms of business agreements (TOBAs) with market counterparties and other contractual trading arrangements or agreements with external parties, including non-disclosure agreements and broker transfer agreements, as well as creating and maintaining appropriate central records of this activity.</li><li>Assist in the review and sign-off of financial promotions and other marketing material.</li><li>Contribute to regulatory horizon scanning through analysing, recording, and communicating developments to key internal stakeholders.</li><li>Assist with regulatory reporting and the submissions to regulators, including applications to perform controlled functions.</li><li>Support the provision of training and engagement with other support teams and business units.</li><li>Support administrative functions, projects and other responsibilities that may be required within the Risk & Compliance Team.</li></ul><p><b>Personal Attributes</b></p><p><b>Knowledge/Skills/Qualifications</b></p><ul><li>Strong knowledge of current regulatory and legal measures applying to financial crime, including fraud, money laundering, sanctions and tax evasion.</li><li>Strong knowledge of UK regulatory environment, including the FCA Handbook.</li><li>Some knowledge of international regulatory environment is beneficial. </li><li>Familiarity with the Lloyd’s market, its practices and operational infrastructure.</li><li>Experience in reviewing and negotiating TOBAs and other agreements.</li><li>Minimum six years’ Risk & Compliance experience within general insurance. </li></ul><p><b>Key Competencies</b></p><ul><li>Able to effectively manage workload and competing priorities.</li><li>Strong attention to detail and high levels of accuracy and precision.</li><li>Excellent communication and interpersonal skills.</li><li>Good stakeholder management skills.</li><li>Ability to work within a team and support colleagues. </li><li>Ability to conduct independent research and offer solutions to complex problems.</li><li>Ability to convey complex information in a way which is easy to understand.</li></ul>
