Compliance / Security Analyst

  • Location


  • Sector:

    General Insurance

  • Job type:


  • Salary:

    £38000.00 - £40000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

  • Job ref:


  • Published:

    16 days ago

  • Expiry date:


  • Startdate:


  • Consultant:

    Teri Mortier

Role: Compliance / Security Analyst

**Lloyd's Broker **London **Salary to £40,000 plus excellent benefits and real propects for progression

This is a great opportunity to work alongside and support a specialist in this area within this market leading Insurance Broking Group. You will work alongside a true leader who will develop and grow your skill set and offer a structured progression path. You too will be able to mentor and develop junior staff members. Strong work ethics and service excellence is key for this role. You will have experience of working within Insurance within a regulatory role with experience of Client onboarding, Toba's, KYC and due diligence. Experience of Global XB and / or Sector would be highly Beneficial.

Role details:

The job holder is responsible for supporting nominated business units through delivering effective and compliant onboarding of clients, insurers and other counterparties. They will provide support to other team members, by delivering effective administration of the Account Request and Approval System (ARAS) and ensuring the maintenance and integrity of Global XB and Sector Broking System account records!

They will have responsibility for managing other employees within the team as well as the requirement to manage and oversee 3rd party support provided in India.



  • Determines own work priorities and activities in line with agreed objectives to ensure the achievement of the Business Plan.
  • Maintains records to produce metrics and updates measures to ensure their continued effectiveness
  • Provides input into the plans of the wider Security & Counterparty team in order to ensure these include appropriate considerations for delivery.
  • Manages assigned projects and contribute to other projects as required
  • Provides relevant management information to senior management


  • Is a referral point for the business providing advice in relation to the requirement s for the onboarding of clients, insurers and other counterparties.
  • Oversees the approval process for clients, insurers and other counterparties.
  • Reviews Insurer Terms of Business Agreements, providing informed analysis, collaborating closely with relevant parties until agreements are finalised in line with requirements
  • Assists the business to complete Agency/Intermediary questionnaires and other onboarding documents
  • Utilises information contained within the Company systems and provided externally by rating agencies to monitor security, including insurance and rating movements notifying the business of any material ratings changes
  • Keeps informed of all regulatory and legal changes which impacts on the job role
  • Ensures up to date records are maintained at all times on the Company systems
  • Responds appropriately to urgent issues as they arise

Policy, Process and Procedures:

  • Assists and provides advice to the business, regarding how to meet the Security & Counterparty policies and procedures that are required by the business
  • Contributes to the development and compilation of procedural manual for the Security & Counterparty team to ensure all policies, processes are documented and work activities are consistent and efficient.
  • Interprets instructions and issues arising, and then implement actions according to policies and procedures

Environment, Customer Focus and Relationships:

  • Builds strong and effective relationships across the business to promote a positive image of the Security & Counterparty team and efficiently support work activities.
  • Promotes an open line of communication to, from and within the Security & Counterparty team
  • Maintains awareness of organisational structures and activities, including cross-border activities and intercompany relationships/dependencies, in order to understand business dynamics, pressures and needs.
  • Maintains awareness of regulatory developments and supports the business in assessing impacts and enhancing controls where necessary.
  • Attends internal and external seminars, forums and events where necessary, to positively represent the Company and increase own knowledge and understanding of changing priorities, new legislation and market trends etc.
  • Responds to the clients(both internal and external) requirements as appropriate
  • Behaves with all clients (both internal and external) fairly and ethically
  • Shares information that could be beneficial to the Operating Entity/Group

People Management/Personal Development:

  • Manages the performance of direct reports and any people management issues connected with teams within their area of responsibility
  • Acts as a role model for positive management and leadership behaviours


  • Successful candidates must have previous working knowledge of Global XB and/ or Sector processing systems.
  • Experience of operating in the compliance department/Security & Counterparty department of a public company in the UK regulatory environment.
  • Commercial awareness and focus on the application of regulation within the insurance broking industry.
  • Knowledge of relevant legislation and regulations.
  • Broad knowledge and understanding of insurance, principles, products and services.
  • Broad knowledge of risk management practices.