Sanctions Manager

Job title:

Sanctions Manager

Company

Gallagher

Job description

Job Description:IntroductionJoin us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you’ll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
OverviewAre you passionate about ensuring compliance and mitigating financial crime risks on a global scale? Gallagher Re is seeking a dedicated Sanctions Manager to join our dynamic team. In this pivotal role, you will be instrumental in delivering the operation of sanctions and trade compliance, designing and overseeing appropriate controls across Gallagher Re globally.As a key player in our compliance team, you will build a robust business partnering model to support Gallagher Re business units, ensuring effective sanctions compliance that aligns with our business strategy. Your responsibilities will include monitoring sanctions laws and developments, leading projects, advising on sanctions laws and policies, and collaborating with senior business members, executive stakeholders, clients, and third parties to ensure adherence to applicable sanctions, export control, and anti-boycott compliance laws.Additionally, you will support the Re Global Financial Crime Director on Anti Money Laundering (AML), high-risk relationships, and other financial crime risks, ensuring our business remains compliant with relevant policies, regulations, systems, and controls. Your role will also involve supporting businesses in meeting company and regulatory requirements while balancing commercial impact and maintaining effective communication with colleagues and senior stakeholders.
How you’ll make an impact

• Assist in the implementation, maintenance and socialisation of sanctions, export control and anti-boycott compliance framework which is designed to be robust, fit for purpose and in line with applicable Government / industry recommended frameworks.
• Review business transactions in line with the sanctions export control and anti-boycott laws and the Gallagher Global Sanctions, AML, Export Control & Anti-boycott Policy and procedures to help assure transactions are legal and consistent with Gallaghers risk appetite.
• Horizon scanning on regulatory developments in coordination with the Center of excellence and report to stakeholders any impact to business. Respond appropriately to changes in law and alert the business to these changes.
• Conduct sanctions/trade control reviews, in particular suspected, alleged or actual breaches of sanctions and trade controls or policy.
• Undertake due diligence, propose risk mitigation recommendations, support with corrective action plans with the relevant business area.
• Engage external counsel where necessary in coordination with the Sanctions Lead and Chief International Trade Counsel
• Provide SME support to M&A activity, conduct due diligence and support integration planning.
• Conduct regular gap analysis on Gallagher Re policies, procedures, training, systems and controls.
• Assess enhancements of business proposals for local sanctions, trade controls procedures.

About You

• Experience on sanctions, AML or trade controls in the insurance industry
• Ability to balance commercial requirements against legal and regulatory requirements
• Knowledge of bribery and corruption, fraud, market abuse and counter terrorist financing.
• Decisive, fair, reasonable, practical, an action taker with lots of common sense.
• Attend international compliance conferences where relevant, and maintain CPD certificate.
• Business acumen experience in commerciality and risk awareness
• Ability to build rapport, establish credibility and to engage and influence stakeholders at all levels, internally and externally

Compensation and benefitsOn top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversityInclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.Should you require reasonable adjustments to your application, please get in touch with . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Expected salary

Location

London

Job date

Sat, 19 Oct 2024 02:42:59 GMT

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