Sanctions Screening Analyst - Insurance

About this job

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: • Conduct sanctions screening across counterparties, coverholders, and transactions in line with client procedures • Manage and resolve screening alerts, documenting decisions and escalation rationale • Maintain sanctions watchlists and screening configurations, ensuring alignment with OFAC, HMT, UN, and EU designations • Support the periodic review of sanctions policies, procedures, and risk appetite • Assist in preparing sanctions-related reporting for compliance and risk committees • Liaise with underwriting, claims, and delegated authority teams on sanctions queries • Contribute to process improvement initiatives including automation and workflow enhancements • 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 • Sanctions screening experience within insurance, financial services, or a related regulated environment • Familiarity with major sanctions regimes including OFAC, HMT, UN, and EU frameworks • Experience operating screening platforms and managing alert queues • Understanding of insurance market counterparty structures, including coverholders and TPAs, beneficial • Strong analytical skills with a methodical approach to alert investigation and documentation • Comfortable identifying process gaps and contributing to control improvements Benefits Competitive salary Initial 9-month contract