Compliance Analyst

Discipline: Audit, Risk & Compliance
Job type: Permanent
Contact email: alex@weareedenbrook.com
Job ref: J4481
Published: about 1 year ago
New Compliance Analyst opportunity working with a top performing specialty insurer which operates within the Lloyd’s market. Role and Responsibilities: • Provide assistance with respect to the complaints process. • Undertake scheduled Compliance Monitoring as detailed in the annual compliance monitoring plan such as sanctions and licensing slip reviews, gifts, and hospitality, third party payees, denied claims, cancelled policies and anti-money laundering and summarising any findings. • Undertake financial crime risk assessments for coverholders / binding authorities. Ensure Compliance • Delegated Underwriting approvals are dealt with promptly, escalating matters as appropriate. • Maintain the Compliance SharePoint site including keeping any underwriting / claims / other guidelines / reference tools current. • Oversight and administration of on-line regulatory training. • Ensure appropriate dissemination and recording of regulatory / Market bulletins and publications to the business. • Assist in ensuring the efficient running of the Product Oversight Group, including drafting agendas, minute taking, liaising with the Chair and members, collating committee papers, circulation of papers. • Undertake regular reviews of sanctions matches, clearing false positives and escalating true matches as appropriate. • Assist with oversight of the regulatory returns process and maintenance of the SharePoint site/ calendar, liaising with internal stakeholders to ensure returns are submitted and signed off in a timely manner. • Provide general administrative support to members of the Compliance team. Skills and Experience: • Experience in regulatory compliance within a Lloyd’s syndicate or insurance company • Strong academic record. • Some legal knowledge an advantage