An established insurance provider within the Lloyd’s market is seeking a Compliance Officer to join its growing Compliance team. The role involves working closely with the Director of Legal & Compliance to support strong compliance management across the business. This position offers exposure to a broad range of responsibilities within a collaborative team, with opportunities for professional development and career progression.
Key Responsibilities:
-Reviewing all internal policies and procedures.
-Taking part in negotiations and renewals of principal insurer agreements.
-Horizon scanning for regulatory and legislative changes.
-Providing compliance advice to all areas of the business.
-Completing compliance monitoring reviews and underwriting/claims file audits.
-Assisting with the arrangement of business agreements with third parties.
-Being a liaison point for external audits and leading the implementation of findings and recommendations.
-Assisting with Complaints handling and reporting, as well as regulatory submissions to the regulator.
Skills & Experience:
-3-5 yrs experience in a compliance role within the insurance sector.
-Working knowledge of the FCA handbook and all relevant regulatory requirements (GDPR, IDD, SMCR, Consumer Duty, etc.)
-CII or ICA qualifications and knowledge and/or experience in drafting service level agreements and delegated underwriting authorities are desirable
