The primary focus of this role is to provide day to day compliance support to the Chubb business in EMEA through the provision of proactive and reactive financial crime compliance activity, advice and support. 

In particular, ensuring that Chubb EMEA’s Financial Crime framework, policies and guidance are maintained and enhanced, where required, to ensure compliance with all applicable external legal and regulatory requirements and for providing assurance that these obligations are being met through the provision of proactive and reactive financial crime risk assessment, monitoring and quality assurance activity.

Key Responsibilities

Keep up to date

Maintain Chubb EMEA’s financial crime framework, policy, guidance, controls and procedures. Maintain an excellent knowledge of how these controls mitigate financial crime risk, as well as an excellent knowledge of financial crime risk assessment, monitoring, oversight and assurance procedures and activity, and how these should be applied to Chubb’s financial crime framework and controls. Maintain a good knowledge of financial crime regulations and how the latest regulatory position will impact Chubb’s control environment.

Planning

Work with the Compliance Policy team to ensure that Chubb EMEA’s financial crime framework, policy, guidance and procedures are maintained and updated to meet changing legal and regulatory obligations. Work with Financial Crime colleagues and the Compliance Monitoring team to prepare risk-based financial crime risk assessment and monitoring programmes.  Manage preparatory work ahead of risk assessment and monitoring activity.

Performing

Maintain Chubb EMEA’s financial crime framework, policy, guidance and procedures. Provide day to day proactive and reactive financial crime compliance activity, advice and support. Lead or supervise desk based financial crime risk assessment and monitoring reviews.  Partner with Compliance Monitoring on Compliance Assurance Reviews and thematic reviews and provide support on technical issues.  Oversee analysis of data and management information reports, identify trends. Lead and/or perform internal investigations, as required. 

Reporting

Oversee the production high quality monitoring reports in a timely manner, clearly identifying issues and required enhancements.  Oversee closure of gaps identified and ensure financial crime breaches and incidents are followed up to closure. Present report findings to management. In relation to financial crime monitoring, assist in the production of departmental MI and committee reporting. 

Other 

Undertake all other financial crime assurance activity and financial crime work allocated from time to time by the Senior Compliance Manager (Financial Crime).  Adhere to departmental policies and procedures, particularly those relating to compliance monitoring and quality assurance, advice, record retention and training, etc. Work within the framework of the company’s ethical and service standards. Develop and maintain effective working relationships with key stakeholders within Chubb EMEA. Attend key business meetings. Be responsive, working to the department’s service level agreements. Where required, negotiate and influence to ensure compliance. Manage outsource partners, where required.  Escalate issues, seek guidance and report as necessary to the Senior Compliance Manager (Financial Crime). Carry out ad hoc work as instructed by the Senior Compliance Manager (Financial Crime from time to time. 

 

Required Skills/Knowledge :

University Degree (desirable)Working to or attained CERT CII/CII (desirable)Financial crime experience (minimum of 5 yrs)Monitoring and quality assurance experience Experience of insurance industry is very importantProficiency in a European language an advantage, but not a strict requirementYou will have an understanding of the insurance industry, especially non-life sectors. They must also have a good understanding of the UK and EU regulatory environments. Some knowledge and experience of Middle East and African regulations desirableYou will work well within a team and be adept at handling competing priorities with excellent time management and organisation skillsThe candidate should also have strong inter-personnel skills and be skilled at communicating compliance and regulatory issues to key stakeholders, both verbally and in writing