Compliance Analyst Insurance

Recruiter
ENS Recruitment
Location
Pitsea
Posted
11 Feb 2018
Closes
21 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

An established Lloyd’s broker based in the Southend on sea, Essex area is currently looking to recruit an Assistant to the Head of Risk & Compliance to join their successful team. This is a well-respected Lloyd’s insurance broker that prides themselves on the service they produce.

Job Description Overview

Suitable candidates for the position will already have a working knowledge of the FCA and insurance compliance and will have gained experience working in an administrative support role (ideally within Insurance) and will be looking for a new challenge within a small and respected Lloyd’s broker.

You will need to be able to cope with a busy work environment dealing with varied tasks throughout the day.

Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:

Assisting in the company's compliance duties which include, for example:

  • Conduct Compliance monitoring and audits of the significant business processes to provide the business with assurance on FCA regulated business areas.
  • Ensure compliance requirements are adhered to.
  • Monitor, analyze and communicate new regulatory developments and legislation that affect the business and operation of the company and update department’s working papers as necessary.
  • Provide guidance/sign off on financial promotions.
  • Understand and implement oversight and audit requirements in accordance with SYSC rules.
  • Develop and lead the Compliance Plan as agreed by the Board.
  • Embed and communicate Lloyd’s requirements as appropriate.
  • To support and assist the AML Officer as required.
  • Lead projects and develop plans for implementation.
  • Help to develop and create internal policies/procedures.
  • Manage the breach register and evidence ‘end to end’ resolutions.
  • Assist the Board of Directors to identify, manage and mitigate risks.
  • Liaise with the regulators (i.e FCA) or Lloyds in regards to queries or issues.
  • Monitor FCA / Lloyd's publications and evidence action taken or lessons learned or review completed.
  • Facilitating Insurer and client audits or reviews (i.e. Lloyd’s Binders etc).
  • Collate data and complete filing of various returns to Lloyd's and the FCA as required.
  • Attend external training events to enhance own knowledge and/or to assist with future legal/regulatory changes, reporting back to the Board and/or staff as appropriate.
  • Preparing the necessary paperwork for approval, conducting sanctions checks & contacting clients and brokers as necessary to obtain outstanding documentation
  • Keeping the companies clients & insurers lists up to date
  • Reviewing all company procedures & ensuring that these are FCA compliant
  • Conducting files checks in both Southend & London office and reporting back to Management
  • Updating the Gift & Expenses Register
  • Assisting preparing and implementing staff training programs
  • Helping with all ad hoc duties - General office duties such as answering the telephone, scanning & filing.
    • Conducting files checks in London and reporting back to Management
    • Assisting preparing and implementing staff training programs
  • Reviewing and submitting new clients and insurers for approval
  • Dealing with incoming and outgoing post, faxes & emails
  • Assisting ongoing projects

Person Specification

This is a pivotal position within the company and therefore demands a responsible attitude. The ideal candidate will need to have strong computer skills. Good communicational and organisational skills are also essential.

Other desirable skills are:

• Advanced knowledge of Microsoft products (Word, Excel and Outlook) or similar software applications.

• Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.

• Ability to understand and execute oral and written instructions.

• Ability to communicate effectively and professionally both verbally and in writing with clients, insurers and other associates.

Desirable Qualifications
Professional qualifications either gained or working towards would be advantageous. These may include CII Insurance Exams or AML/Compliance Qualifications (ICA).

Education
You must have at least 5 GCSE’s including English and Math’s at Grade B or above.

Our client is committed to continuous professional education and will offer study support when required.

ENS Recruitment is an Equal Opportunities Employer

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