Sanctions Compliance Officer

Job Description:

Job Title: Sanctions Compliance Officer

Location: Home-based, with occasional pre-approved travel to a DXC office in London.

Type: Full-time, Permanent

Velonetic represents the joint ventures between DXC Technology, the International Underwriting Association (IUA), and Lloyd’s of London.  Previously referred to as the London Market Joint Ventures, we have been operating for over 20 years in the London market (Lloyd's and Company), in both insurance and reinsurance business. Processing over £101 billion worth of premium and claims transactions today, we are building a new digital platform and services that will enable our customers to move transactions and money through the processing lifecycle with greater efficiency and speed, releasing time to drive innovation and focus on higher value activities. Our core business services involve performing checks on insurance documents, processing premium transactions and processing claims transactions.

Individual will reside in the UK and have Right to Work in the UK.

Job Overview

Velonetic is looking for an experienced Sanctions Compliance Officer to join our Ethics and Compliance function. You will act as a senior sanctions subject matter expert, providing practical advice on complex sanctions matters across our London Market operations.

What you will be doing

• Provide expert advice on OFSI, OFAC, EU and UN sanctions.
• Assess complex claims and premium-processing referrals.
• Monitor regulatory developments and recommend updates to controls and procedures.
• Support sanctions risk assessments, training and compliance improvement projects.
• Advise strategic business initiatives and contribute to sanctions governance forums.
• Manage relationships with customers, external legal counsel, regulators and industry groups.

We’re looking for people who have

• Strong proven experience of trade and financial sanctions regulations.
• Experience in compliance or legal, ideally within a second-line function.
• Strong knowledge of the Lloyd’s and London company insurance markets.
• Experience applying sanctions regulations within an insurance environment.
• Excellent analytical, communication and stakeholder-management skills.
• The ability to work independently, manage competing priorities and explain complex issues clearly.

This is an excellent opportunity to take a leading role within an established sanctions compliance programme and help shape how sanctions risk is managed across a significant London Market operation.

Investment In Training and Development

We offer a comprehensive range of training and career development opportunities, a structured induction programme, tailored job training as well as mentoring and support for relevant sponsored professional qualifications. We’re developing an environment where people can grow and harness their careers and skills to be the best that they can be to focus on the long term. 

Our Culture

Here at Velonetic we support with care and compassion. We are constantly evolving our initiatives around equality, diversity, and inclusion to ensure that everyone feels equally involved and supported in the workplace no matter of who they are or what they do. We are proud of the culture we are creating to ensure that our commitment is ongoing and have a diverse mix of employees working within an inclusive environment and culture to create a high performing workforce led by talented leaders. We aspire to be recognised for our innovative and modern thinking approach. 

Employee Benefits

As part of our competitive remuneration package, flexible benefits are available. There is an option to “flex up and down” on specific benefits, for example buy or sell annual leave, Private Medical Benefit, Dental and Travel Insurance. You will also have access to ‘Perks at Work’, a discount store to purchase gift cards at reduced rates and get discounts on holidays, restaurants, activities, groceries and more. 

DXC Recruitment Team will be engaging with all candidate applications on behalf

of Velonetic. DXC will be managing the recruitment throughout the onboarding

process.

At DXC Technology, we believe strong connections and community are key to our success. Our work model prioritizes in-person collaboration while offering flexibility to support wellbeing, productivity, individual work styles, and life circumstances. We’re committed to fostering an inclusive environment where everyone can thrive.

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