Compliance Analyst - Lloyd's Market

6 days left

Harrison Holgate
05 Feb 2017
05 Mar 2017
Contract Type
Full Time
A leading Lloyd's Market Insurer is recruiting for an ambitious and progressive Compliance Analyst to join their dynamic Compliance function in the city of London. The main purpose of job is to support the Head Of Compliance in ensuring that the business has a robust compliance framework in place which actively identifies, controls and reports on the management of significant regulatory risks.

Assist the Head of Compliance in establishing and maintaining a robust compliance framework (including the oversight of corresponding policies and procedures) which allows Sompo Canopius to comply with FCA, PRA and Lloyd's requirements.
Assist the Head of Compliance in managing regulatory relationships e.g. FCA, PRA, Lloyd's and overseas regulatory authorities.
Liaising with the business owners to ensure the business is able to demonstrate compliance with the Lloyd's Minimum Standards.
Assist the Head of Compliance in ensuring a robust framework is in place to ensure adherence to internal standards and requirements.
Monitor activities of the business against internal and external requirements, reporting MI as necessary to ensure effective oversight.
Oversight of regulatory requests, returns and timetable. Ensuring these are answered accurately and within deadlines.
To act as a point of contact within the business for compliance queries.
To monitor and communicate emerging compliance risks to the Head of Compliance and wider business as appropriate.
Review regulatory issues, analyse and interpret their application to the business and communicate the analysis within the business as appropriate.
Actively develop and maintain relationships with a wide range of senior managers and underwriters to ensure that compliance processes are fully embedded.
Assist in developing a positive compliance and risk management culture in the Company and observing all FCA & PRA, Lloyd's and other regulatory requirements.

Essential skills or experience:

Demonstrable comprehensive Compliance knowledge and experience from the Lloyd's Market (Ideally 2-3 years + of experience)
Strong communication skills
Previous experience of managing regulatory relationships
Able to analyse compliance requirements and embed them into business processes
Ability to build relationships to implement change
Ability to apply regulatory requirements to commercial scenarios