This role supports the sanctions compliance function of a Lloyd's managing agent client, working as part of an embedded third-party team. The Sanctions Screening Analyst is responsible for the day-to-day operation of sanctions screening processes, alert management, and escalation procedures, with a focus on accuracy, efficiency, and regulatory alignment.
Key Responsibilities:
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Conduct sanctions screening across counterparties, coverholders, and transactions in line with client procedures
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Manage and resolve screening alerts, documenting decisions and escalation rationale
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Maintain sanctions watchlists and screening configurations, ensuring alignment with OFAC, HMT, UN, and EU designations
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Support the periodic review of sanctions policies, procedures, and risk appetite
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Assist in preparing sanctions-related reporting for compliance and risk committees
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Liaise with underwriting, claims, and delegated authority teams on sanctions queries
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Contribute to process improvement initiatives including automation and workflow enhancements
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Monitor sanctions regime updates and assess implications for screening coverage and procedures
This role is placed and managed by a specialist third-party managing agent. Candidates will be embedded directly into the client's team.
Requirements
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Sanctions screening experience within insurance, financial services, or a related regulated environment
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Familiarity with major sanctions regimes including OFAC, HMT, UN, and EU frameworks
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Experience operating screening platforms and managing alert queues
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Understanding of insurance market counterparty structures, including coverholders and TPAs, beneficial
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Strong analytical skills with a methodical approach to alert investigation and documentation
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Comfortable identifying process gaps and contributing to control improvements
Benefits
Competitive salary
Initial 9-month contract
