Senior Compliance Analyst

Posted 30 April 2024
Salary Up to £80000 per annum + bonus + benefits
LocationCity of London
Discipline Compliance & Legal
Contact NamePaul Miller

Job description

A successful MGA that operates in the Lloyd's and Company markets is currently seeking an insurance compliance specialist with product governance experience to join on a 12 month fixed-term contract.

Duties include:

  • Take the lead in maintaining existing company licenses and prepare applications for licenses in new jurisdictions.
  • Engage with business to ensure compliance policies/procedures are understood and embedded accordingly and stakeholders are aware of applicable regulatory and legal developments.
  • Take the lead representing compliance on key business projects.
  • Assist with the compiling compliance reporting and management information to relevant committees.
  • Support the delivery of external regulatory reporting undertaken by compliance to ensure it is prepared accurately and submitted in a timely manner.
  • Analysing Line 1 management information, key performance indicators and risk metrics to identify any potential indicators which increase regulatory exposure.
  • Keep up to date with external regulatory developments
  • Support with maintaining compliance owned policies, procedures, and risk assessments.
  • Assist with the delivery of the face-to-face UK Compliance Induction training.
  • Advise internal stakeholders on management of potential conflicts.
  • Performing a Line 2 Compliance review of new and existing binding authority products.
  • Review draft complaint final response letters and providing guidance and sign-off to third-parties.
  • Liaising with Line 1 Claims team in overseeing Delegated Claims Authority (DCA) conduct related performance.
  • Providing Line 2 Compliance advice and independent challenge as part of the product approval process in reviewing fair value assessments, product submissions and customer journey

As this is a contract role, you will need insurance compliance experience to be considered.