A new
Compliance Monitoring Associate job vacancy is open with a leading Global and London Market Insurance Broker.
Responsibilities
Work with the Head of Risk, Monitoring & Reporting and Monitoring Associates in delivering the Compliance Monitoring Plan. Monitoring includes but may not be limited to:
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- Tracking and reporting of the firms Contract Certainty Performance
- Oversight and Management of Brokerage Monitoring
- Supporting the Monitoring Associates on review preparation
- Oversight of action implementation by Divisions post review
- Management of trend analysis and subsequent reporting
- Placement/Broking file reviews
- Work with the Head of Risk, Monitoring & Reporting and Monitoring Associates in the production and management of monitoring dash boards/management information for provision to the Boards and their Committees.
- Support the Head of Risk, Monitoring & Reporting and Monitoring Associates as directed on regulatory projects and creation of the Risk Monitoring Plan.
- Undertake other responsibilities necessary for the performance of the role and support the teams alignment of the Monitoring Framework.
- Attend internal forums and external webinars relevant to the Compliance Monitoring team as required.
- Assist the Head of Risk, Monitoring & Reporting and Monitoring Associates in the writing of terms of reference and reports to Senior Management relevant to reviews.
Experience
- Insurance industry or regulatory/compliance experience.
- An understanding of (re)insurance broking market and General Insurance.
- Understanding of conducting file reviews and/or audits within an insurer/broker.
- Previous experience in an administrative role within a Broker or Insurer.
- Any Class of Business insurance broking/underwriting experience would be seen to be an advantage as would any Claims Handling experience.
Knowledge/Skills/Qualifications
- Awareness of the of UK regulatory and insurance broking industry.
- Able to manage workload and competing priorities with efficient administrative and organisational skills.
- Ability to communicate professionally and effectively.
- Awareness of Contract Certainty requirements and/or Market Reform Contract (slip) standards.
- Able to show initiative and develop solutions to challenges.
- Appreciates the need for consistency and high quality in working practices.
- Attention to detail and accuracy in producing documentation.
- Can demonstrate good qualities of a team player.
