Compliance Assistant - Insurance Sector

Massenhove Recruitment Ltd
United Kingdom
to £30,000
07 Oct 2017
08 Nov 2017
Contract Type
Full Time
Compliance Assistant Job Market - Insurance To assist in the day-to-day running of the Compliance Department and the fulfilment of its Lloyd's and UK regulator obligations. Responsibilities include the monitoring and reporting of regulatory deadlines, compliance timetables and staff training requirements and the supervision of countering financial crime procedures (sanctions, anti-money laundering and anti- bribery and corruption). The Compliance Assistant is also responsible for maintaining compliance records, registers and files, and distributing regulatory information and news throughout the business. To be successful, the role also requires effective relationships with all areas of the business and external regulators. To assist the Compliance function and contribute to the monitoring of compliance with applicable UK (PRA and FCA), Lloyd's, overseas and EU insurance regulations and sanctions Compliance Assistant -About the job To review, monitor, investigate and report on all financial crime matters through the Compliance Officer To liaise with the underwriting and claims teams on financial crime screening of third parties To conduct daily review of output from third party sanctions screening software To run weekly and monthly compliance exception reports, investigate any anomalies and produce reports on findings using RAG ratings and KPIs, where relevant To participate in Compliance thematic monitoring work and assist with the drafting of reports detailing the findings To produce and regularly monitor adherence to compliance timetables To assist, and perform where appropriate, the distribution and completion of regulatory applications / returns / forms as required, including the weekly complaints returns to Lloyd's To assist the Compliance function in the provision of training and advice on regulatory and other compliance related matters as appropriate to all levels of the business To have on-going communication with Lloyd's for business queries where required To assist in the collation and submission of data / materials requested by Regulatory Authorities in relation to any thematic or regular reviews they be undertaking Compliance Assistant Key requirements Experience of the insurance industry, preferably within the Lloyd's Market Intermediate knowledge of Excel, Word and Powerpoint Desirable Working understanding of Lloyd's and/or overseas regulatory regimes Good working understanding of the UK Regulatory regime (PRA / FCA) Degree level / ACII / 3 levels
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