Compliance Assistant

Harrison Holgate
Ipswich, UK
13 Sep 2019
25 Sep 2019
Contract Type
Full Time
A leading specialist broker in the Lloyd's Market are currently recruiting for a Compliance Assistant to join on a 6 month FTC in Ipswich

An exciting opportunity for an individual to join on a fixed term 6 month contract role. You will be responsible for undertaking the necessary due diligence to ensure that the company only undertakes business with entities that are of good repute and do not pose a financial crime or sanctions risk

The role will involve:
*Undertaking and verifying due diligence of new clients, markets and third parties
*Assessing the financial crime and sanctions risks posed by new and existing entities
*Escalating high risk entities for further review and approval by the Compliance Committee
*Producing regular performance reports to the Compliance function and Compliance Committee
*Issuing market terms of business agreements to insurers with whom risks are placed
*Verifying and setting up entity bank details
*Reviewing global licence requirements
*Reviewing changes to market security ratings and issuing updates to business units
*Liaising with business units to discuss entity set up requirements, Lloyd's coverholder applications, market rating downgrades

The candidate:
*Strong academic background (minimum of A Levels of equivalent)
*Strong interpersonal skills
*Experience of working in a results driven/deadline based environment
*Experience of working as part of a team
*Strong communication skills and attention to detail
*An interest in pursuing or continuing a career in compliance
*Insurance or financial services sector knowledge (desirable)
*Experience of working in a 'Know Your Customer' related role (desirable)

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