Compliance Analyst

A leading multinational composite insurer is looking for a Compliance Analyst to join a team of 7 people on a permanent basis based in London.

To be considered for this role you must:

  • Have insurance experience
  • Have experience as a member of a compliance team in the insurance industry
  • Have experience in working for a multi-line insurance organisation (company and / or) Lloyd’s market will be useful
  • Have knowledge of insurance principles, practices and procedures
  • Have knowledge of PRA, FCA and Lloyd’s regulatory regimes
  • Have the ability to implement process improvements and execute change
  • Have knowledge of Microsoft Office Suite and other business-related software systems
  • Have an ability to organise, prioritise and manage work effectively to deadlines
  • Have decision-making ability and the ability to analyse and resolve problems
  • Some experience of project management would be an advantage
  • Experience interpreting UK legal and regulatory requirements

The main purpose of this role will be to support the Compliance Manager and/or Senior Compliance Analyst. Other duties will include:

  • Assist in ensuring that the compliance tone, which is set by the board, is being respected by the business
  • Work with the Compliance Manager and Senior Compliance Analyst to manage day to day compliance issues across the business and provide compliance support as required
  • Assist with the preparation of reports as necessary for groups, committees and the board
  • Assist with the interpretation and application of PRA, FCA, Lloyd’s and applicable overseas regulation
  • Assist with the maintenance and review of compliance policies and procedures.
  • Assist with the preparation of the compliance plan and/or monitoring plan and delivery thereof
  • Assist with the provision of advice on and/or monitoring of international sanctions, licensing, financial crime, anti-money laundering, anti-bribery, contract certainty and conduct risk
  • Maintain awareness of and plans for the implementation of future regulatory requirements as highlighted by PRA / FCA Consultation Papers, Policy Statements etc
  • Help organise and implement and/or monitor training for all compliance
  • Assist with broker and/or coverholder on boarding, due diligence, administration and reporting.
  • Assist with special projects as necessary at the behest of the regulator and/or senior management
  • Assist in ensuring and/or monitoring compliance with Lloyd’s minimum standards
  • Assist with the provision of advice on and/or monitoring of compliance with complaints and relevant policies
  • Attend Lloyd’s, LMA, IUA, COG, DUM and Market Reform groups as necessary

If this role is of interest to you then please send a CV to jamesa@ hfg.co.uk OR call 0207 337 8818