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Compliance Analyst 9 Month FTC

Harrison Holgate
Closing date
24 Jun 2022

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Contract Type
Full Time
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A reputable Insurance Brokerage is currently recruiting for an Interim Senior Compliance AnalystOverall Role:To assist the Compliance Team in all areas of general compliance, with specific focus on dealing with business queries, sanctions issues, counterparty due diligence, security assessments, and the compliance monitoring plan.To provide guidance, support and advice to the business on compliance and risk matters in support of business objectives, best practice and high level of ethics and integrity.Key AccountabilitiesCompliance Management* Assist in ensuring that all statutory and regulatory rules are met* Support the implementation of changes to systems, controls, procedures and processes in response to regulatory rule and legislation changes in so far as these affect each area within the business* Assist in monitoring regulatory publications and any impending changes to regulation* Act as a trusted advisor and subject matter expert to advise, support, improve and guide the business on compliance matters such as the interpretation of applicable FCA, Lloyd's and overseas regulations* Assist in the production and monitoring of the annual compliance plan and ensure deadlines therein are met* Assist in reviewing financial promotions / marketing materialsFinancial Crime Prevention* Prepare applications for the approval of new third-party producers for submission to senior management for sign off* Carry out annual reviews for all types of third-party producers and review and issue third party agreement wordings if necessary* Assist in reviewing and developing policies and procedures for anti-bribery & corruption, anti-money laundering, counter terrorist financing, sanctions, fraud and anti-tax evasion* Support staff compliance through procedures adherence, guidance and training* Monitor, review and resolve positive matches emanating from World-Check screening of clients, underwriters and third-partiesSecurity & Counter-Party* Review security and counter-party agreements such as agency agreements, client terms of business agreement, insurers' terms of business agreements* Oversee new agreements to ensure due diligence is completed effectively and any issues are escalated to the Head of Risk & Compliance as necessaryTraining* Monitor compliance with the FCA training and competence requirements* Carry out compliance and risk inductions for all new joiners* Assist in annual compliance training for all staffPolicies and Procedures* Maintain, update and develop the Best Practice Manual in liaison with the Technical Committee* Monitor and periodically review divisional policies and procedures to evaluate their adequacy and effectivenessCompliance Monitoring Reviews* Assist with risk-based gap analysis/thematic reviews as required* Carry out divisional risk-based compliance monitoring reviews to ensure that:-legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing-high technical standards are maintained to achieve quality, minimal rework and minimal E&O exposure-correspondence, documents, statistics etc are retained on file in accordance with Best Practice Manual and divisional procedures providing a complete audit trailDesirable Experience:* 7 years + experience within the compliance area* Sound understanding of all aspects of financial crime* Involvement with the carrying out / delivery of a compliance monitoring plan
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