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New Compliance Analyst opportunity working with a rapidly growing Lloyd’s Syndicate. Reporting directly to the Senior Compliance Analyst and working closely with the Head of Compliance and underwriting teams, you will support the Compliance team on a wide variety of Compliance matters, with a particular focus on being responsible for the monthly monitoring activities.
Key Responsibilities
• Keeping informed of regulatory developments, considering the impact, and communicating key changes out to the business
• Supporting the other compliance analyst with conducting initial impact assessments for new regulatory requirements
• Supporting the team in undertaking initial due diligence on pre-bind sanctions referrals
• 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 and Compliance Assurance Manager with drafting of compliance management information and reporting to Boards, Committees and regulators
• 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
• 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 access to Lloyd’s systems
• Co-ordinate broker due diligence and drafting of new TOBAs
• Supporting with the annual fit and proper process for Senior Managers and Certification staff and supporting with regulatory approval applications for SMFs
• Supporting with other areas of the Senior Managers and Certification Regime such as annual review of statement of responsibilities and handover documents
• Maintain gifts and hospitality register
• Contributing to business wide projects where required such as opening of new offices overseas and onboarding of new syndicates and new classes of business
• 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
Compliance Analyst
Discipline: | Audit, Risk & Compliance |
Job type: | Permanent |
Contact email: | alex@weareedenbrook.com |
Job ref: | J5052 |
Published: | 9 days ago |
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