About Us

The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.

Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.

The Role

We are seeking an experienced Head of Sanctions and Financial Crime to lead on all aspects of financial crime with the emphasis on sanctions. TFP highest financial crime risk is sanctions. We are seeking a person with deep sanctions experience to manage all aspects of TFP sanctions risk. This person will have two direct reports dedicated to sanctions and financial crime. This team also supports the broader compliance team with queries from the business in relation to international licencing requirements. This is a hands on role.

Key Accountabilities

• Act as TFP subject matter expert and key decision maker on sanctions.
• Working with the Head of Group Compliance to deliver on all other aspects of financial crime for TFP.
• Identify, design and implement controls to manage all sanctions legislation.
• Manage the team that handles all complex sanctions queries making complex decisions as required.
• Manage the software used for sanctions screening, including setting screening thresholds.
• Oversight of overnight sanctions screening, including any hits are appropriately managed.
• Design and deliver sanctions training to the business.
• Oversight of the financial crime reporting to senior leadership, including to the boards.
• As a senior manager, contribute to the wider regulatory agenda of the Compliance Team.
• Manage the relationship on sanctions and financial crime with capital provides; external counsel and relevant regulators.
• Lead; motivate; develop and manage 2 direct reports.

Skills & Experience

• Deep understanding of UN/UK/EU/US sanctions regimes as they apply to general insurance.
• Wider experience of financial crime is desirable.
• Experience of advising on country licenses to conduct business desirable.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work both independently and collaboratively in a fast-paced environment.
• Attention to detail and a commitment to upholding ethical standards.

Other

The Fidelis Partnership Ethos

At The Fidelis Partnership, we aim to be different while making a difference.

• We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
• Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
• We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
• We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
• We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.

Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.

Diversity, Equity & Inclusion

Diversity & Inclusion in the workplace

• Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
• We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
• This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
• We aim to maintain a focus on equal opportunities across all stages of hiring process
• We measure and minimise the pay gap where possible.

Bring Your Whole Self to Work

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.

To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.

Apply by 26/09/2024

Reference: FID01143