Negotiable
Overview
POSITION: Senior Compliance AnalystASSIGNMENT NO: 28808LOCATION:
LondonOur client is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. They are also a registered Lloyd’s Broker. They have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world. They specialise in underwriting, broking and capacity management for US Excess and Surplus (EandS) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through in-house binding authorities, while providing customers with access to Lloyd’s, London Market companies.Description:The purpose of this position is to support the Risk Management and Compliance Support Department (RMCS) and Board of Management in advising the business and delivering key legal and regulatory obligations to ensure they continue to meet its legal and regulatory requirements.Responsibilities
Be a first contact for general compliance queries, to resolve quickly and efficientlyGuide and assist the business in delivering the correct outcomes for their clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of MRS-NA BA; the goals of the FCA and the interests of their clientsConduct horizon scanning, notably UK and US regulation, to identify any regulatory changeWork with the Head of Risk and Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments, identifying opportunities to collaborate with the Group businesses and use existing skills and processes wherever possibleBe the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers and Certification Regime for Enhanced Scope firms within the transitional periodHelp manage the Senior Managers and Certification Regime Framework, support the RMCS team with the implementation of the FCA''s rules on Operational Resilience as part of MRS-NA BA''s transition to Enhanced Firm status, to ensure that all legal and regulatory obligations are met in a way that is proportionate and conducive to MRS-NA BA''s commercial goalsBe the subject matter expert, and lead the project to implement the FCA''s upcoming rule changes on Non-Financial MisconductCompile and deliver compliance training to the business (Executive Management included)Draft and maintain policies and procedures following regulatory obligationsHelp with the oversight and ongoing monitoring of Line One processes, identifying where remediation activity may ensure compliance with internal processes and regulatory obligations, and working with the business to implement theseComplete allocated tasks outlined in the Annual Compliance PlanAssist the Head of Risk and Compliance in compiling the Compliance Monitoring Plan. Deliver compliance monitoring reviews (business unit and thematic)Help produce periodical internal reports to Committees of the Board of Management, and KPI monitoring to Group Compliance, and external reports to key stakeholdersAssist the team in managing the notification of data incidents and breaches, working with the Data Protection Officer to resolve the sameAnnually review and where required, update Modern Slavery Act statementBe a coach to help develop other team members; and attend market conferences as required to include Lloyd''s, LIIBA, etc.Other Duties and Responsibilities
To embrace and implement the core principles of Continuous Conversations; (Commitments, Feedback and Development) as part of daily activities and with other colleaguesIn line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support)To abide by the policies and procedures of MRS-NA BAQualifications / Desired Skills and Experience
Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance companyIn-depth understanding of the insurance market and placing process is necessaryIn-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUPExcellent interpersonal and communication skills with the ability to influence decision makersAble to research, analyse and interpret regulatory requirements, presenting findings and making recommendations that are both compliant and proportionate to facilitate decision-makingCan translate regulatory requirements into proportionate proceduresConscientious, positive attitude and self-motivated, with excellent organisational skills and a good eye for detailExperience with US surplus lines business is preferred but not essentialKnowledge of Microsoft productsSeniority level
Mid-Senior levelEmployment type
Full-timeJob function
General BusinessIndustries
Insurance and Insurance Agencies and ..... full job details .....
Negotiable