Purpose of the Role:

Ensure the organisation has robust policies and procedures in place to prevent and detect financial crime across international operations.

Serve as the subject matter expert (SME), providing strategic guidance to the business on financial crime prevention and detection matters.

Establish and maintain the framework for second-line monitoring of the financial crime prevention and detection control structure.

Lead and collaborate with the Compliance team to ensure alignment with business and regulatory objectives.

Balance the company’s commercial interests with regulatory requirements and customer protection

Develop the knowledge and capabilities of the Financial Crime SMEs

Key Responsibilities:

• Oversee the ongoing review, enhancement, and implementation of the organisation’s Financial Crime policies and procedures.

• Lead second-line oversight and monitoring of the Financial Crime Framework, ensuring effectiveness and regulatory compliance.

• Provide leadership and direct line management to Financial Crime SMEs within the Compliance team.

• Serve as the Money Laundering Reporting Officer (MLRO) for Lockton European Brokers Limited (Malta) (TBC).

• Proactively conduct horizon scanning to identify relevant emerging regulatory trends and issues, advising the business accordingly.

• Manage the resolution of regulatory and financial crime breaches and complaints, ensuring accurate record-keeping, lessons learned, and corrective actions are effectively implemented.

• Ensure the development and maintenance of strong controls and procedures to mitigate regulatory risk across the business.

• Develop and deliver training across the international organisation.

• Support the Head of Compliance in daily operations and in executing strategic compliance initiatives.

• Drive the development of Management Information (MI) and Business Insights to inform decision-making and regulatory reporting.

• Escalate significant issues, risks, or emerging trends to the Head of Compliance, offering strategic recommendations.

• Collaborate closely with other Senior Compliance Managers and the broader Compliance Team to meet organisational goals and regulatory requirements.

• Lead the implementation of best practices, staying informed on office-specific business activities and industry standards.

• Oversee MI and reporting to the Financial Crime Committee, ensuring data integrity and regulatory alignment.

• Act as the primary liaison with external advisors on complex Financial Crime matters.

• Lead the organisation’s Financial Crime risk assessment, ensuring a proactive and comprehensive approach to risk management.

Candidate Profile:

• Extensive knowledge of the regulatory environment, particularly in Sanctions (US, UK, EU), the UK Bribery Act and other financial crime legislation, SMCR, and ICOBS, and their application in a business context.

• Demonstrated ability to identify operational efficiencies and implement effective internal controls and systems.

• Proven experience working within a risk and compliance function, with a deep understanding of regulatory frameworks and financial crime prevention.

• Strong analytical skills, with the ability to compile, interpret, and present complex management information to facilitate informed decision-making.

• In-depth understanding of the legal principles and regulations applicable to the insurance industry, including the structure and workings of the Lloyd’s market, insurer products, and broking processes.

• Proven expertise in financial crime prevention, detection, and compliance monitoring activities.

• Ability to build and maintain strategic relationships, delivering compliance solutions that meet both business and regulatory needs.

• Experience in managing E&O risks and developing workflows that enhance operational efficiency.

• A commitment to continuous professional development, with a focus on staying current with industry trends and regulatory changes.

• Strong leadership and project management skills, with the ability to lead cross-functional teams and optimise the use of internal resources.

• Proven ability to manage complex projects, demonstrating accountability and ensuring timely, effective delivery.

Since its foundation in 1966 Lockton has grown to become the world’s largest privately owned insurance broker with revenues in excess of $3.5bn. Today with more than 12,500 Associates in over 140 offices worldwide, Lockton is a dynamic and innovative organisation that embraces its uncommonly independent status.

We are now seeking individuals who will thrive in this type of atmosphere and in line with the firm’s strategy and continued growth, the Compliance team is developing and enhancing its capabilities and we are now looking to recruit a Senior Compliance Manager (Financial Crime Lead) to join our dynamic and expanding team.