Compliance Monitoring Officer

Harrison Holgate
City of London, London
17 Jul 2017
16 Aug 2017
Contract Type
Full Time
A Compliance Monitoring Officer job opportunity is currently available working for a leading Lloyd's Market Insurance Company based in London. As part of the Compliance Monitoring and Operations team, you will provide assurance in relation to investment, and general regulatory compliance across the group, and provide operational support the wider compliance function as necessary.

Key Responsibilities - Investment specific:
Develop and maintain policies and procedures which are necessary to comply with the firm's/regulatory requirements and best practice within the asset management industry.
Create an annual risk based investment compliance monitoring plan and ensure that it is completed.
Prepare a compliance report for, and attend the Investment Operations Committee.
Prepare a compliance report for (and attend as required) the Investment Committee.
Prepare investment compliance monitoring updates for other relevant committees.

Key Responsibilities - General monitoring:
Contribute to the on-going development of the risk based compliance monitoring approach and framework.
Assist in the development and delivery of the annual compliance monitoring plan.
Scope, plan and undertake risk based compliance monitoring, and assurance reviews across the group to provide assurance that the requirements of external legislation and regulations, company best practice, and other compliance procedures are adhered to.
Prepare compliance monitoring reports for senior management to specified standards, including format, style and timeliness, with the need for minimal changes. Your reports will include root cause analysis, be pragmatic and make value adding recommendations.
Manage relationships with other parts of the business.
Work closely with colleagues in Compliance, and other assurance functions to ensure efficiency, knowledge sharing, and identify areas of concern.
Assist with the preparation of compliance papers to various committees.
Assist with ad-hoc compliance work and projects as required.
Provide operational support to the Compliance function as required.
Provide excellent customer service to key stakeholders to encourage staff to go to the Compliance function for support to help ensure they carry out their roles in a compliant fashion.

Personal Specification

Education and Qualifications:
Educated to degree level or equivalent.
Investment, insurance, or assurance related professional qualification desirable.

Knowledge and Experience:
Investment management compliance experience highly desirable, a working knowledge an investment management function is essential.
Three years minimum in an assurance related role, e.g. compliance monitoring, internal/external audit, provision of quality assurance.
A working knowledge of risk assessment and identification.
Experience of delivering assurance projects (planning, designing and executing testing, performing root cause analysis, reporting results), as well as liaising with senior management as appropriate.
Strong understanding of the insurance industry and its regulatory environment in one or more of the following jurisdictions: US, UK, Canada.
Understanding of corporate governance.