Senior Compliance Manager - Financial Crime Lead
London, United Kingdom
003184
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
About the Position
Schedule
Full Time Permanent
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
Purpose of the Role:
Ensure the organisation has robust policies and procedures in place to prevent and detect financial crime across international operations.
Serve as the subject matter expert (SME), providing strategic guidance to the business on financial crime prevention and detection matters.
Establish and maintain the framework for second-line monitoring of the financial crime prevention and detection control structure.
Lead and collaborate with the Compliance team to ensure alignment with business and regulatory objectives.
Balance the company’s commercial interests with regulatory requirements and customer protection
Develop the knowledge and capabilities of the Financial Crime SMEs
Key Responsibilities:
- Oversee the ongoing review, enhancement, and implementation of the organisation’s Financial Crime policies and procedures.
- Lead second-line oversight and monitoring of the Financial Crime Framework, ensuring effectiveness and regulatory compliance.
- Provide leadership and direct line management to Financial Crime SMEs within the Compliance team.
- Serve as the Money Laundering Reporting Officer (MLRO) for Lockton European Brokers Limited (Malta) (TBC).
- Proactively conduct horizon scanning to identify relevant emerging regulatory trends and issues, advising the business accordingly.
- Manage the resolution of regulatory and financial crime breaches and complaints, ensuring accurate record-keeping, lessons learned, and corrective actions are effectively implemented.
- Ensure the development and maintenance of strong controls and procedures to mitigate regulatory risk across the business.
- Develop and deliver training across the international organisation.
- Support the Head of Compliance in daily operations and in executing strategic compliance initiatives.
- Drive the development of Management Information (MI) and Business Insights to inform decision-making and regulatory reporting.
- Escalate significant issues, risks, or emerging trends to the Head of Compliance, offering strategic recommendations.
- Collaborate closely with other Senior Compliance Managers and the broader Compliance Team to meet organisational goals and regulatory requirements.
- Lead the implementation of best practices, staying informed on office-specific business activities and industry standards.
- Oversee MI and reporting to the Financial Crime Committee, ensuring data integrity and regulatory alignment.
- Act as the primary liaison with external advisors on complex Financial Crime matters.
- Lead the organisation’s Financial Crime risk assessment, ensuring a proactive and comprehensive approach to risk management.
Qualifications
Candidate Profile:
- Extensive knowledge of the regulatory environment, particularly in Sanctions (US, UK, EU), the UK Bribery Act and other financial crime legislation, SMCR, and ICOBS, and their application in a business context.
- Demonstrated ability to identify operational efficiencies and implement effective internal controls and systems.
- Proven experience working within a risk and compliance function, with a deep understanding of regulatory frameworks and financial crime prevention.
- Strong analytical skills, with the ability to compile, interpret, and present complex management information to facilitate informed decision-making.
- In-depth understanding of the legal principles and regulations applicable to the insurance industry, including the structure and workings of the Lloyd’s market, insurer products, and broking processes.
- Proven expertise in financial crime prevention, detection, and compliance monitoring activities.
- Ability to build and maintain strategic relationships, delivering compliance solutions that meet both business and regulatory needs.
- Experience in managing E&O risks and developing workflows that enhance operational efficiency.
- A commitment to continuous professional development, with a focus on staying current with industry trends and regulatory changes.
- Strong leadership and project management skills, with the ability to lead cross-functional teams and optimise the use of internal resources.
- Proven ability to manage complex projects, demonstrating accountability and ensuring timely, effective delivery.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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