Sanctions Screening Analyst - Insurance
G MASS Consulting · Gloucester
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
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