Global insurer with a strong reputation in providing insights for property, casualty, accident and health insurance solutions and seeking an experienced compliance professional to join their establish compliance function.
Supporting the Head of Compliance to develop and deliver the Compliance Plan, you will ensure all relevant regulatory requirements are identified and implemented ensuing the Compliance function operates effectively. This opportunity will have coverage across advisory, identifying and assessing impact of regulatory change, coordinating internal and external reporting, maintaining and expanding company licence capabilities, and ensuring the financial crime controls are adequate and effective.
Key responsibility includes:
- Take the lead on key compliance projects ensuring collaboration across all business as necessary to implement regulatory change and systems and controls enhancement.
- Be the subject matter expert in respect of sanctions and ensuring appropriate financial crime controls.
- Compile compliance reporting and management information to relevant committees.
- Liaise with third-parties and internal functions to maintain and improve oversight of Warranty programmes.
- Ensure external regulatory reporting undertaken by Compliance is prepared accurately and submitted in a timely manner.
- To keep abreast of legal and regulatory developments issued by relevant regulators and assess impact for our London entities issuing guidance accordingly.
- Ensure internal regulatory policies, procedures, and risk assessments are consistently reviewed against any legal and regulatory developments, whilst simultaneously challenging the effectiveness of existing controls.
- Engage with business to ensure Compliance policies/procedures are understood and embedded accordingly and stakeholders are aware of applicable regulatory and legal developments.
- Maintain existing company licences and prepare applications for licenses in new jurisdictions.
- To support the business by dealing with compliance queries and by offering commercially viable guidance and advice whilst ensuring adherence with relevant regulatory requirements.
- To deliver and keep up to date the Compliance Induction Programme.
- Mentor junior members of the team providing technical training and supervision as required.
- Assist the Head of Compliance maintain a culture of ethical behaviour maintaining a culture of openness and transparency and disclosure.
- Immediately advise Compliance of any complaints.
- Immediately report any suspicion of financial crime to the Money Laundering Reporting Officer.
- Manage any potential conflicts of interest to avoid disrepute to the company's integrity.
- Operate within the Company's standards for Conduct.
- Assist in Company secretarial duties as required to support the team.
Experience & knowledge required:
- Proven track record in a similar compliance role
- Lloyd's and London Market practices (and related International Lloyd's standards);
- FCA/PRA regulatory framework, handbooks and approach;
- Knowledge of Conduct Risk
- Commercial acumen and application of regulatory compliance;
- Planning and organisational skills;
- Strong communication skills both written and oral;
- Relationship Building both internal and external;
- Professional business writing and presentation skills;
- Judgement and decision making;
- Project Management;
- Ability to act with due professional care, demonstrating sound integrity and confidentiality; and
- Analytical thinking - explores and understands trends, opportunities and risks that could affect the business.
- MS Office - Excel, Visio, Word, PowerPoint and Outlook; and
- Adaptability of working with various business and reporting tools
- Ideally degree educated and a professional qualification is an advantage but not essential.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
