We are working with an exciting London Market Insurance business who are seeking a Compliance Analyst to join their collaborative and growing Compliance function.
You will be working very closely with senior individuals as well as develop your current compliance skill set and knowledge of the Lloyd's Market.
The key responsibilities of the role are listed below but there is an opportunity to take on responsibility for many other areas of the compliance function depending on the individuals interests and specific skills
- Keeping informed of regulatory developments, considering the impact, and communicating key changes out to the business, including in the UK, Australia and Europe
- Responsible for horizon scanning, including maintenance of the horizon scanning log and conducting initial impact assessments
- Responsible for undertaking initial due diligence on pre-bind sanctions referrals
- Responsible for supporting the Senior Compliance Analyst in conducting the annual financial crime risk assessment
- Maintaining compliance training records and determining any training requirements of the business
- Providing advice and guidance to the business on regulatory matters, including licencing and sanctions referrals
- Reviewing and updating compliance policies and procedures
- Supporting the Senior Compliance Analyst with drafting of compliance management information and reporting to Boards, Committees and regulators
- Maintaining the business timetable to ensure all regulatory returns are captured and submitted on time
- Responsible for conducting monthly monitoring activities to identify any issues in the compliance controls including sanctions, licensing, TOBAs.
- Support the Compliance Assurance Manager in performing thematic reviews on key compliance areas of the business
- Support with complaints handling, ensuring adherence to regulatory timescales
- Maintain the Compliance SharePoint page and the monthly Compliance newsletter
- Monitor compliance mailbox and support the compliance team in responding to queries
- Represent compliance at key meetings, both internal and external where required
- Co-ordinate business' access to Lloyd's systems
- Support with regulatory returns and information gathering for regulatory submissions and information requests
- Maintain compliance breaches register
- Maintain gifts and hospitality register
- Set new joiners up with compliance e-learning and track progress
- Contributing to business wide projects where required such as opening of new offices overseas and onboarding of new syndicates
- Supporting with the annual fit and proper process for Senior Managers and Certification staff
- Supporting in other areas of compliance when the need arises (e.g. SMCR conduct rule breach investigations, drafting the compliance plan, delivering training)
Skills, Knowledge and Experience
- Technical knowledge of PRA/FCA/Lloyd's regulations
- Experience working in a regulatory compliance role within the insurance sector (Lloyd's Managing Agency experience preferred)
- Financial Crime experience, including sanctions
- Ability to work independently, pro-actively – meeting deadlines and maintaining flexibility in a fast-paced environment
- Demonstrates the ability to approach compliance matters in a pragmatic and solution-oriented manner
- Proven track record of working on own initiative to support the business
- Excellent communication skills – both verbal and written. Confident to interact with all levels of staff within the business