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Job Description

Job Title:              Compliance Advisor

Department:      Compliance

Reports to:         Senior Compliance Manager

Grade:  Staff Member (SM)

Job Description:

Working with the Compliance team to contribute to the operation of an effective and robust compliance framework within the Insurance Group and performing day-to-day compliance work.

Key Responsibilities

1              Assist the Compliance team to maintain and monitor the effectiveness of the compliance framework and to assist with the delivery the annual Compliance Plan.

2              Undertake monitoring and oversight activities as directed in areas such as: conduct of business, TCF/Conduct Risk, data protection, contract certainty, underwriting license conformance, complaints handling, and sanctions screening; and report and deal with any exceptions arising.

3              Support those business processes requiring Compliance input and approval, such as: complaints handling, broker terms of business, and coverholder/binding authority approvals.

4              Respond to sanction queries and regulatory/compliance queries from the business. 

5              Support the delivery of regulatory and compliance training to the organisation, as required.

6              Support the completion of regulatory returns, as required.

7              Monitor regulatory developments and announcements and ensure these are appropriately communicated to the organisation.

8              Support the business’ responses to regulatory changes.

9              Support the production of Compliance management information and reports to management and Boards.

10           Support the maintenance and application of Group compliance policies and procedures across the organisation.

11           Assist the Compliance team in keeping its procedures up to date, accurate, and reflecting current regulatory requirements.

12           Deputise for the Senior Compliance Manager at meetings, as appropriate and when required.

Person Specification:

1              General regulatory awareness and Compliance functional experience are preferred.

2             3+ years London Market experience in a Compliance role and a proven track record of applying regulatory knowledge effectively to a Lloyd’s business.

3              Good literacy, numeracy and analytical skills. Ideally educated to degree level.

4              Competent use of Microsoft Office software (Word, Excel, Powerpoint) and information systems generally.

5              Ability to develop and maintain effective relationships with all business functions.

6              Organised and methodical – ability to meet deadlines.

7              Attention to detail and sound analytical skills.

8              Reliability and integrity.

9              Good communication skills, both written and verbal.

10           Enthusiasm and desire to learn and contribute as part of a team