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Compliance Manager

Harrison Holgate
Closing date
14 May 2021

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Contract Type
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Job Details

New Job Opportunity (Perm)
Compliance Manager
Lloyd's Insurance Company / MGA
Salary - Up to £65,000 + excellent benefits
A brand new permanent Compliance Manager opportunity is available working for a growing Lloyd's Market Insurance Company and MGA. This is a broad Compliance role and the candidate will take responsibility for:-
  • Compliance advisory, compliance monitoring and relevant deep dives to writing up reports and making recommendations for policy and procedural updates in line with Lloyd's, the FCA and PRA regulations.
  • Advising the business on a wide range of regulatory projects and matters such as, GDPR and Data Protection, Conduct Risk, Brexit, IDD and SM&CR ongoing requirements.
  • To assist the compliance function in the completion and development of the Annual Compliance Plan and Annual Compliance Monitoring Plan, escalating any issues as appropriate.
  • To assist in maintaining a controlled environment proportionate with the stated risk appetite of the group to ensure that all compliance requirements are met.
  • To keep up to date with industry knowledge to ensure appropriate competency levels are maintained including, keeping abreast of FCA, PRA, Lloyd's and other applicable overseas regulatory developments.
  • To assist in the maintenance of existing compliance &/or regulatory policies, procedures and processes to ensure they support the business in satisfying compliance requirements.
  • To assist the compliance function with the monitoring of sanctions and financial crime. This includes providing assistance in undertaking client &/or territorial sanctions screening reviews, as may be requested by senior managers; underwriters &/or claims staff, as well as monitoring the continued relationships with clients through the screening tools utilised.
  • To contribute towards adherence to Data Protection compliance, through the assessment of legal and regulatory developments; undertaking project assignments in support of ongoing processes, and working with the Compliance & Regulatory Analyst in monitoring operational risk.
  • To monitor and research industry and business related compliance and regulatory developments and contribute towards the production of Management Information and the Regulatory Update for the Board and Senior Management.

Experience Required
  • A minimum of 5 years' experience at an Insurance Company, MGA or Broker, in a compliance role is required and experience working within the Lloyd's market is preferred
  • The successful candidate will be able to demonstrate the right blend of technical knowledge, desire to work as part of a team, and communication skills that are required to thrive in this position.

Key Technical Skills/Knowledge/Professional Qualifications
  • At least five years' solid relevant experience in a compliance or regulatory environment
  • Ability to demonstrate knowledge of PRA and FCA regulations
  • Commercial experience of working in Lloyd's &/or London company markets
  • Good understanding of GDPR requirements
  • Ability to understand detailed requirements and to interpret for others - essential.
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