Compliance Assistant

Job Description

Job Title Insurance Compliance Officer

Contract Permanent

Salary

Location London

Organisation Description

An established Lloyds broker based in the City are currently looking to recruit a Compliance Officer to join their successful team. This is a well-respected Lloyds insurance broker that prides themselves on the service they produce.

Job Description Overview

Suitable candidates for the position will already have a working knowledge of the FCA and insurance compliance and will ideally have gained experience working within an insurance environment.

You will need to be able to cope with a busy work environment dealing with varied tasks throughout the day.

Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:

Assisting in the companys compliance duties which include:

• Conduct Compliance monitoring and audits of the significant business processes to provide the business with assurance on FCA regulated business areas.
• Ensure compliance requirements are adhered to.
• Monitor analyze and communicate new regulatory developments and legislation that affect the business and operation of the company and update departments working papers as necessary.
• Provide guidance/sign off on financial promotions.
• Understand and implement oversight and audit requirements in accordance with SYSC rules.
• Develop and lead the Compliance Plan as agreed by the Board.
• Embed and communicate Lloyds requirements as appropriate.
• To support and assist the AML Officer as required.
• Lead projects and develop plans for implementation.
• Help to develop and create internal policies/procedures.
• Manage the breach register and evidence end to end resolutions.
• Assist the Board of Directors to identify manage and mitigate risks.
• Liaise with the regulators (i.e FCA) or Lloyds in regards to queries or issues.
• Monitor FCA / Lloyds publications and evidence action taken or lessons learned or review completed.
• Facilitating Insurer and client audits or reviews (i.e. Lloyds Binders etc).
• Collate data and complete filing of various returns to Lloyds and the FCA as required.
• Attend external training events to enhance own knowledge and/or to assist with future legal/regulatory changes reporting back to the Board and/or staff as appropriate.
• Reviewing and submitting new clients and insurers for approval
• Preparing the necessary paperwork for approval conducting sanctions checks & contacting clients and brokers as necessary to obtain outstanding documentation
• Keeping the companies clients & insurers lists up to date
• Reviewing all company procedures & ensuring that these are FCA compliant
• Updating the Gift & Expenses Register
• Assisting preparing and implementing staff training programs

• Assisting ongoing projects

• Conducting files checks in London and reporting back to Management
• Assisting preparing and implementing staff training programs

Person Specification

This is a pivotal position within the company and therefore demands a responsible attitude. The ideal candidate will need to have strong computer skills. Good communicational and organisational skills are also essential.

Other desirable skills are:

Advanced knowledge of Microsoft products (Word Excel and Outlook) or similar software applications.

Ability to manage time prioritise and ensure that deadlines are met without compromising quality.

Ability to understand and execute oral and written instructions.

Ability to communicate effectively and professionally both verbally and in writing with clients insurers and other associates.

Desirable Qualifications

Professional qualifications either gained or working towards would be advantageous. These may include CII Insurance Exams or AML/Compliance Qualifications (ICA).

Education

You must have at least 5 GCSEs including English and Maths at Grade B or above.

Our client is committed to continuous professional education and will offer study support when required.

For extra information please contact Glen Parker on

Email: