A large and well-established Insurance Broker is currently recruiting for a Senior Compliance Associate to support the Head of Compliance in the London operation
Summary
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 in the Group.
Responsibilities
- Assist the Head of Advice and Guidance providing 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 with oversight of the effectiveness of the company’s financial crime monitoring systems
- Assistant with the review, negotiation and agreement of TOBAs with Market Counterparties
- 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
Knowledge/Skills/Qualifications
- Minimum 3-5 years of experience in a Compliance role within the insurance industry, ideally in a broking firm
- CII qualifications – DipCii preferred
- 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
