Sanctions Technician

Job Description:

Job Title: Sanctions Technician

Location: Remote Working
Department: Sanctions Team

Type: Permanent, Full - time (37.5 hrs per week)

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

We have a fantastic new job opportunity for an individual who wants to grow their insurance understanding. If you are starting out on your insurance career, then this could also be just the role for you.

The Sanctions Technician works under the direction of the Sanctions Manager (part of the Control, Quality and Sanctions function) and the role is central to ensuring that the department is compliant with all US, EU, and UK Sanctions regulations.

What you will be doing

Carry out Sanctions screening work. Working closely with the team, the business and compliance. Representing Velonetic when working with various customers i.e., Brokers, underwriters, managing agents, legal representatives.

• Clearing potential sanctions concerns
• Support sanctions regulatory change
• Flag incidents
• Looking out for and helping to monitor trends
• Support quality improvement initiatives
• Support in identifying quality concerns, and escalate for investigation when needed
• Proactively support continuous improvement initiatives and ensure non-compliance and or persistent issues are escalated where appropriate to the Sanctions Manager
• Ensure high standards are met

What will you bring

• A high degree of independent judgement for decision making and problem solving
• A positive attitude with ability to listen to and resolve customer issues and preserving positive relationships (by being effective, efficient, tactful, and courteous)
• Excellent communication skills with the ability to relay information clearly and concisely in both written and verbal communications
• Highly organised and disciplined to balance a number of priorities at any one time
• Able to build productive networks and relationships with a variety of internal and external customers and colleagues
• Willingness to learn about London Insurance Market practices and procedures
• Adapts positively to support change initiatives, promoting professional image of self, the team and Velonetic
• Good analytical and problem-solving skills
• Ability to work independently and as part of a team
• Competent in the use of Microsoft Office applications (Word, Excel, and Outlook)

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.

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