Compliance Officer

Harrison Holgate ,
London, Greater London
More Details
Job Type: Full-time
Salary: £50,000 per annum

Overview

A leading International and Lloyd's Market Insurer are currently recruiting for a Compliance Officer in the London City office. The role will offer huge exposure to the whole business and there is lots of opportunity to progress. The ideal candidate will have 2-3 years of relevant insurance market compliance experience (ideally Lloyd's market) and looking for a new challenge Job Summary: To provide regulatory compliance assistance and assurance supporting regulatory compliance across the company as it grows in size and complexity. Support UK & RoW compliance function as necessary Key Responsibilities Provide advice to the business on ad hoc regulatory issues.This may be written or verbal or through assisting the compliance team with training sessions and workshops.This involves being available and very responsive, able to carry out research quickly and effectively. Review and investigate results from sanctions screening and escalate possible matches to the financial crime compliance manager and UK & RoW Head of Compliance. Manage and monitor the due diligence process and the terms of business agreements with Lloyd's and non-Lloyd's brokers. Perform regular monitoring to ensure business is only placed with approved brokers. Support the relevant compliance manager with management and oversight of broker onboarding outsourced provider. Work with Compliance monitoring team to investigate results from the monthly exception reports on sanctions and the ECO Assist with the preparation of compliance papers to various committees. Assist with ad-hoc compliance work and projects arising from time to time. Support the compliance function in designing, writing and implementing frameworks, policies, procedures, processes and systems Support compliance and regulatory projects, including implementation of legislation / regulation Understand Lloyd's requirements and assist with the minimum standards attestation process Build and maintain a close working relationship with the business Provide excellent customer service to the internal business and support teams so that all teams go to Compliance for support in ensuring they carry out their roles in a compliant fashion Liaison with underwriting on compliance issues pertaining to underwriter decisions. Supporting the relevant compliance manager to work with the coverholder management team to ensure best practices around delegated underwriting controls. Support the business generally through finding ways to get objectives achieved, and achieved effectively. Co-ordinate and attend regulatory review meetings as required. Support the relevant compliance managers with approved persons work. Support the relevant compliance managers with advice to the business on licensing and permissions. Support the relevant compliance managers with regulatory liaison and information requests. Support the relevant compliance managers with oversight of and liaison with specific offices and territories and service companies operating in those territories. Support the compliance management team on any specific areas as required. Knowledge and Experience Compliance/regulatory/legal experience in insurance underwriting/insurance broking (Lloyd's Market) preferable. Aptitude and Disposition Attention to detail Information seeking Outcome focussed Self motivated Professional approach to successfully interact with colleagues and external suppliers

People also viewed