Compliance Analyst

Discipline: Audit, Risk & Compliance
Job type: Permanent
Contact name: Alex
Contact email: alex@weareedenbrook.com
Job ref: J5052
Published: about 1 year ago
New Compliance Analyst opportunity working with a rapidly growing Lloyd’s Syndicate. Reporting directly to the Senior Compliance Analyst and working closely with the Head of Compliance and underwriting teams, you will support the Compliance team on a wide variety of Compliance matters, with a particular focus on being responsible for the monthly monitoring activities. Key Responsibilities • Keeping informed of regulatory developments, considering the impact, and communicating key changes out to the business • Supporting the other compliance analyst with conducting initial impact assessments for new regulatory requirements • Supporting the team in undertaking initial due diligence on pre-bind sanctions referrals • Providing advice and guidance to the business on regulatory matters, including licencing and sanctions referrals • Reviewing and updating compliance policies and procedures • Supporting the Senior Compliance Analyst and Compliance Assurance Manager with drafting of compliance management information and reporting to Boards, Committees and regulators • Responsible for conducting monthly monitoring activities to identify any issues in the compliance controls including sanctions, licensing, TOBAs. • Support the Compliance Assurance Manager in performing thematic reviews on key compliance areas of the business • Support with complaints handling, ensuring adherence to regulatory timescales • Monitor compliance mailbox and support the compliance team in responding to queries • Represent compliance at key meetings, both internal and external where required • Co-ordinate access to Lloyd’s systems • Co-ordinate broker due diligence and drafting of new TOBAs • Supporting with the annual fit and proper process for Senior Managers and Certification staff and supporting with regulatory approval applications for SMFs • Supporting with other areas of the Senior Managers and Certification Regime such as annual review of statement of responsibilities and handover documents • Maintain gifts and hospitality register • Contributing to business wide projects where required such as opening of new offices overseas and onboarding of new syndicates and new classes of business • Supporting in other areas of compliance when the need arises (e.g. SMCR conduct rule breach investigations, drafting the compliance plan, delivering training) Skills, Knowledge and Experience: • Technical knowledge of PRA/FCA/Lloyd’s regulations • Experience working in a regulatory compliance role within the insurance sector