Conduct Risk Analyst to £50,000 + bonus
This leading insurance organisation has an excellent global reputation and is continuing to grow. They are now looking for a new member of staff for their Compliance function, specifically the Conduct Risk Team, to assist with the implementation and ongoing development of the Conduct Risk Framework to enable group entities to demonstrate compliance with the FCA, Lloyd's, LIC and other relevant regulatory requirements.
Previous Conduct Risk experience within an FCA environment is required.
Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Review and help develop Conduct Risk Framework, associated policies and procedures, and ensure they are reviewed annually and remain up to date;
Provide assistance to the business on the interpretation and practical application of conduct risk policies and procedures, and relevant regulatory requirements;
Identify new/changing regulatory requirements, work with Conduct Risk Manager to assess their impact on the business and help provide advisory and oversight support over implementation;
Assist with the creation and delivery of training on conduct risk matters for all relevant employees;
Help develop and maintain the product catalogue for the Syndicates and IDCs, working with underwriting teams to obtain and update key product information and policy wordings;
Assist the Conduct Risk Manager and the first line with completing new and renewal coverholder and product reviews ensuring that conduct risks are appropriately identified and mitigated;
Support with the creation and collation of conduct and product risk MI and updates to be reported to conduct oversight committees;
Regular collation and review of conduct MI to identify conduct risks and undertake customer outcomes assessments and propose mitigating actions; and
To assist the business with conduct risk related queries with escalations to Conduct Risk Manager or other functions as necessary.