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Compliance Analyst

  • London
  • Permanent
  • £50,000

Job details.


Hybrid role

A Lloyd’s Syndicate is seeking a compliance professional to join their team in London.

We are looking for someone who already possesses at least 1 year in the insurance compliance market that understands all legislations and procedures.

Your responsibilities can include, but not limited to:

  • Provide assistance with respect to the complaints process.
  • Working with Callidus Consulting to provide oversight and administration of the broker approval process (on-boarding of brokers - broker due diligence and TOBA administration).
  • Undertake scheduled Compliance Monitoring as detailed in the annual compliance monitoring plan such as sanctions and licensing slip reviews, gifts and hospitality, third party payees, denied claims, cancelled policies and anti-money laundering and summarising any findings.
  • Undertake financial crime risk assessments for coverholders / binding authorities.
  • Ensure Compliance Delegated Underwriting approvals are dealt with promptly, escalating matters as appropriate.
  • Maintain the Compliance SharePoint site including keeping any underwriting / claims / other guidelines / reference tools current.
  • Oversight and administration of on-line regulatory training.
  • Ensure appropriate dissemination and recording of regulatory / Market bulletins and publications to the business.
  • Assist in ensuring the efficient running of the Product Oversight Group, including drafting agendas, minute taking, liaising with the Chair and members, collating committee papers, circulation of papers.
  • Undertake regular reviews of sanctions matches, clearing false positives and escalating true matches as appropriate
  • Provide assistance in the oversight and co-ordination of the business’ annual Lloyd’s Oversight Principles self-assessment, and to provide updates on any outstanding actions.
  • Oversight of the regulatory returns process

Sector:

  1. General Insurance

Teri Mortier

Director - General Insurance

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