To provide efficient and effective support to the Compliance Manager and the wider Risk & Compliance team. To assist in the implementation of an effective Compliance systems and controls regime for the UK regulated entities across our Global Group.
Key responsibilities include:
- Assist and provide timely advice and guidance on all matters relating to compliance ensuring records of all advice and guidance given are maintained
- Provide day to day advice and guidance on all aspects of regulation including the FCA Handbook including SYSC and ICOBS as well as Lloyd's market standards
- Liaise with the Business Support Unit as needed in relation to Counterparty relationship matters and Compliance issues generally
- Monitor developments in international sanctions and trade licence requirements, analysing such developments and assessing the impact of them on the activities of the Group's UK regulated entities
- Assist in formulating recommendations to address changes in the international sanctions and trade licence arena, agreeing appropriate reaction to those changes with the Chief Risk Officer and communication resultant updated information and/or amended business practices to Business Divisions affected
- Perform pre-bind screening of transactions relating to high-risk territories
- Investigate potential due diligence screening matches referred by the Business Support Unity or Business Division personnel, assessing likely impact to trading activities and risk appetite of the Group's UK regulated entities and providing appropriate advice/decision on proposed trading relationship
- Assist with oversight of the effectiveness of the company's financial crime monitoring systems
- Assist with the review and sign off financial promotions and other marketing material, including branded on-line facilities and maintaining a register of all approvals
- Assistant with the review, negotiation and agreement of TOBAs with Market Counterparties and other contractual trading arrangements or agreements with external parties, including Non-Disclosure Agreements
- Managing Broker of Record transfer agreements, liaising with Business Divisions as appropriate
- Develop and maintain a suite of relevant Compliance management information for onward reporting to Group's governance committees and the Boards
- Contribute to the Regulatory Horizons Scanning through analysing, recording, and communicating latest regulatory trends
- Communicate the trends to the Risk & Compliance Team and to the business affected by them
- Attend the industry conferences discussing regulatory trends and industry matters and provide updates to the compliance team
- Review company compliance training material, liaise with the L&D department with regards to any updates/changes necessary
- Undertake any other responsibilities that may become necessary for the proper performance of the role
Knowledge & Qualifications required:
- Awareness of current regulatory and legal measures applying to financial crime, including fraud, money laundering, sanctions and tax evasion
- Demonstrable knowledge of sanctions scanning systems
- Ability to evaluate and improve effectiveness of financial crime frameworks
- Familiarity with Lloyd's market, its principles, practices, and operational infrastructure
- Sound knowledge of conduct risk in insurance
- Awareness of current UK regulatory trends, conversant with the FCA Handbook
- Experience with TOBAs, non-disclosure agreements, broker transfer agreements
- Ability to think critically, research and offer solutions to complex problems, reach sound decisions
- Excellent stakeholder management, collaborative and communicative
- Excellent written and oral communication skills
- Well organised and motivated
- CII qualifications
- Prior experience in a similar Compliance role within the insurance industry
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
