Assistant Manager - Sanctions

JOB TITLE: Assistant Manager- Sanctions

SALARY: £43,803 to £48,670

LOCATIONS: Edinburgh

HOURS: Full-Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week or 40% of your time at one of our office sites.

About This Opportunity

We're a small team in the Commercial Banking 1st Line Economic Crime Prevention (ECP) function. We handle Sanctions risk across Business & Commercial Banking (BCB) & Corporate & Institutional Banking (CIB) clients.

The remainder of the team have responsibility for conducting enhanced due diligence on new and existing Correspondent Banking and Politically Exposed Persons (PEPs) relationships. We're highly collaborative and encourage innovation, to be best in class among our peer banks!

What You’ll Be Doing

You'll conduct risk assessments on customers believed to have a connection to sanctioned countries/entities and make recommendations to senior management for approval. As a subject matter expert, you'll keep abreast of industry developments and regulation, sharing information across appropriate teams within the division.

Why Lloyds Banking Group

We’re on an exciting journey and there couldn’t be a better time to join us. The investments we’re making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.

What You’ll Need

You’ll need to show a passion for the subject matter and keeping abreast of the global Sanctions landscape as well as knowledge or a keenness to learn about the intricacies of KYC, and payments, alongside these essentials:

• Proven ability to investigate and assess sanctions risk.

• Track record in coordinating work in order to achieve expectations and follow established timelines.

• Partner management skills, to collaborate closely with Coverage and ECP colleagues.

• Experience and technical knowledge in an ECP role.

• Knowledge of, or a passion to learn about, KYC and international/domestic payment mechanisms.

And Any Experience of These Would Be Really Useful

• Coaching skills and track record of personal development.

• Experience of reviews involving Politically Exposed Persons (PEPs)

• Experience in the design and implementation of a compliance programme while ensuring adherence to regulatory and compliance standards.

• Ability to identify shortcomings, then suggest and implement improvements to existing business practices.

About Working for Us

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme. 

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 28 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.