The Financial Crime Specialist will play an integral role in GRS’s Financial Crime risk management, including (but not limited to) Sanctions, Anti‑Money Laundering, Fraud, Bribery and Corruption (collectively, Financial Crime). The individual will work within GRS’s Compliance function and will report to the GRS UK & EMEA Head of Financial Crime and support the Financial Crime Analysts and members of the Compliance team on Financial Crime related matters.
Key Responsibilities
* Act as a member of the LSM Compliance Function in carrying out the responsibilities outlined above.
* Represent the LSM Compliance Function at certain LSM governing body meetings, reporting on financial crime‑related issues and participating in executive management matters.
* Actively contribute to the implementation, delivery, monitoring and enhancement of an effective financial‑crime compliance programme across LSM businesses and locations, including:
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o Participating in day‑to‑day support and monitoring activity such as ensuring all regulatory deadlines, insofar they are relevant to financial crime, are met and all business activity is conducted consistently in line with LSM Compliance policies.
o Assisting in the oversight of:
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+ Compliance processes to ensure appropriate, timely and strategic advice is provided to the business.
+ Due diligence for a variety of new business opportunities and verification of controls across existing operations.
o Supporting the Head of Financial Crime in managing the regulatory relationship with LSM’s key regulators and conducting strategic reviews of internal frameworks relevant to financial‑crime controls.
o Assisting with the effective management of the relationship with Liberty Mutual Group Compliance & Ethics department.
o Supporting Risk and Compliance and any other transformation projects, such as building and implementing new technological solutions to enhance financial‑crime controls.
o Supporting the Compliance Business Partner in building new and maintaining positive relationships with the business.
o Participating in the delivery of an effective and appropriately tailored LSM Compliance financial‑crime training programme to both business‑facing and compliance team members.
o Undertaking sanctions screening, detailed and strategic assessments of the application of relevant trade control measures to specific coverages, and acting as a second‑line review for junior team members.
o Conducting independent horizon scanning to identify material developments in the sanctions, trade control and wider financial compliance space, delivering targeted communications and training on the same, and adapting internal procedures accordingly.
o Providing financial‑crime‑related advice and guidance to the business, supporting monitoring activities, preparing and contributing to internal and external reporting, assisting with regulatory and internal audits, and carrying out other financial‑crime compliance activities reasonably required to support the effective operation of the LSM Compliance Function.
* Adhere to all relevant regulatory requirements and demonstrate behaviours as set out in the Conduct Risk Policy, in line with LSM's commitment to the Liberty Values.
Skills and Experience
* Relevant professional qualifications and a strong academic record; a legal background is strongly preferred, together with demonstrable experience in a compliance function.
* Strong experience with the scope and application of EU, UK, US and UN sanctions measures and wider trade controls, including licences and authorisations.
* Awareness of the applicable regulators’ requirements and the enforcement environment.
* Excellent understanding of the general insurance and reinsurance industry and ideally the London market.
* First‑class people skills and a team player with excellent written and verbal communication.
* Proven experience and track record of solving problems and delivering solutions to the business while balancing regulatory obligations with commercial understanding.
* Natural organisation and project management skills and a champion of change.
* Ability to challenge and be challenged.
* Open, accessible, participative manager.
* Ability to grasp complex issues quickly and offer relevant, focused advice.
* Ability to listen, be flexible yet decisive.
* Pragmatic and principled, not dogmatic.
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