Compliance Assistant

  • Location

    City of London

  • Sector:

    General Insurance

  • Job type:


  • Salary:

    £20000.00 - £28000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

  • Job ref:


  • Published:

    11 days ago

  • Expiry date:


  • Startdate:


  • Consultant:

    Teri Mortier

Role: Compliance Assistant

  • Lloyd's Insurance Syndicate - City based
  • Hybrid working
  • Great working atmosphere
  • Long term prospects available

Our client is looking for a candidate Ideally that has gained some experience within Compliance or has a desire to enter this field. You will be joining this small 3 person team supporting the Compliance Manager in various administration duties including internal policies, laws and regulations applicable to their activities, including activities authorised and regulated by the PRA and the FCA.

Duties for the Compliance Assistant include:

  • Assist with the drafting, implementation and embedding of such policies, procedures, processes, systems and controls as may be required to ensure compliance with all applicable regulatory requirements and, where appropriate, market best practice.
  • Assist in the allocation of regulatory reporting responsibilities (business / compliance timetable) via SharePoint and assist in the monitoring of adherence to the reporting deadlines as well as ensuring regulatory filings are made on a timely basis.
  • Assist in maintaining the overview (both in terms of completeness) of the Managing Agency's policies and procedures (master document index) and monitor adherence to the review deadlines.
  • Assist in the review of the sanction batch screening and on-going returns from the due diligence screening tool.
  • Assist in handling sanction referrals in line with the Managing Agency's approach.
  • Upload the active policies file (batch) issued by IT to the sanction screening tool.
  • Assist in reviewing the sanctions and embargoes high-risk country list.
  • Assist in the adherence to the firm's prescribed responsibility of its obligations under the outsourcing part of the PRA Rulebook
  • Assist in organising the Managing Agency's Board and Committee meetings as appropriate and in accordance with the Compliance Analyst
  • Assist in the annual review and assessment of the Managing Agency Board's performance and effectiveness.
  • Assist in other Governance matters or projects as appropriate and in accordance with the Compliance Analyst
  • Keep up to date with market bulletins / regulatory articles in order to manage the agency's horizon scanning
  • Assist in advising the business on compliance related queries as well as design and provide training as appropriate
  • Assist in the implementation and maintenance of TOBAs as required
  • Assist the independent review process in terms of compliance related queries and provide compliance commentary on all classes of business
  • Assist with internal audit as applicable
  • Assist with data related queries alongside the Data Protection Officer

Experience Required:

  • Similar experience gained within the Insurance or regulated industry Or a Graduate looking to work in Compliance
  • Knowledge of regulatory requirements
  • Strong analytical skills