Sanctions Screening Manager (12 month FTC)

Massenhove Recruitment
London (Central)
17 Feb 2019
25 Feb 2019
Contract Type
Full Time

The role holder will provide support to the Anti-Money Laundering and Sanctions Manager. The role holder will primarily support the team with the enhancement of the sanctions screening processes, as well as reviewing and assessing sanctions alerts from the screening tool. The role holder will manage a dedicated team of alert handlers providing day-to-day support, advice and feedback. The role holder will work with offshore service centres to provide support and feedback to drive efficiencies in the screening process. The role holder will act as a Sanctions Screening Manager in the best interests of the company.


Provide oversight, management and reporting to the AML and Sanctions Manager for sanctions screening processes and act as a point of escalation, within the financial crime team, for the Sanctions Screening Analysts.

Provide line management to a team of Sanctions Screening Analysts based across two locations.

Maintain a role as a strong influencer and help internal stakeholders to understand sanctions screening processes to anticipate, understand, prepare for and implement regulatory and policy change.

Respond to a wide range of complex enquiries, ensuring that the information provided is clearly understood by the business.

Monitor screening tools to ensure the continuous and accurate screening of clients and trading partner data.

Develop and execute a risk based approach for sanctions screening processes depending upon the risk appetite. Identify enhancements and efficiencies to existing processes to drive improvements and reduce processing times.

Work closely with overseas service centre to provide quality assurance, feedback and support to their alert handling teams.

Investigate referrals of potential sanctions from overseas service centres:

o Follow set processes to conduct open source checks

o Build or review existing profiles to compare against potential sanctions matches

o Cross reference open source information against in-house source systems

o Provide a concise rationale to each alert reviewed and dismiss or escalate the alert accordingly.

Liaise with the business divisions as part of the investigation of sanctions alerts.

Escalate potential sanctions matches to the AML and Sanctions Manager.

Support with the enhancement of sanctions screening processes including testing requirements.

Record and provide relevant management information to the AML and Sanctions Manager.

Support Financial Crime Team related projects, providing assistance to manage and deliver these projects in a timely manner.

Ensure relevant financial crime logs are maintained.



o Educated to a degree level, or with equivalent experience;

Technical Knowledge:

o Good understanding and working knowledge of current financial crime practices and techniques.

o Detailed technical knowledge of, and experience of the working within, the UK regulatory framework, ideally as it applies to insurance brokers, with a particular focus on sanctions risk.

o Understanding of alert handling processes including best practices for the insurance industry.

o Understanding of latest regulatory developments and key current issues facing insurance brokers.

o A thorough knowledge of the UK and US Sanctions & Terrorist Financing legislation.

o Able to get up to speed on new subjects quickly, and deliver high quality output within tight deadlines.


o Experience of Insurance/Reinsurance sector, including broking environment, desirable.


o Strong organisational skills and ability to work well under pressure.

o Advocates client service as a core discipline.

o Takes a hands-on practical problem-solving approach to achieving business outcomes and to ensuring that the right business culture and behaviours are being pursued.

o Ability to deal constructively with uncertainty and ambiguity.

Exceptional verbal and written communication skills and good active listening skills, including the ability to:

o Distil complex issues into succinct messages;

o Present confidently and concisely to a variety of internal and external stakeholders at all levels;

o Deliver clear and persuasive messages and capable of robust dialogue.

Able to evaluate the adequacy and effectiveness of financial, operational, regulatory and technology controls.

The ability to work under own initiative and in many different and challenging environments in a fast growing business while recognising when to ask for guidance.

Be able to look at the bigger picture, always striving to think ahead and take a proactive approach.

The ability to take a pragmatic/commercial approach in understanding and applying regulatory requirements.

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