Compliance Assistant

£18000.00 - £28000.00 per annum
16 May 2018
15 Jun 2018
MW Appointments
Job Roles
Compliance Officer
Contract Type
Full Time

Our client a Lloyds broker with offices in the City and Southend are currently recruiting a compliance assistant for their Southend office. You will carry out the following duties
Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:
·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 department's 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 Lloyd's 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 / Lloyd's publications and evidence action taken or lessons learned or review completed. ·Facilitating Insurer and client audits or reviews (i.e. Lloyd's Binders etc). ·Collate data and complete filing of various returns to Lloyd's 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
·Conducting files checks in both Southend & London and reporting back to Management
·Updating the Gift & Expenses Register
·Assisting preparing and implementing staff training programs
·Helping with all ad hoc duties - General office duties such as answering the telephone, scanning & filing.
·Dealing with incoming and outgoing post, faxes & emails
·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).
You must have at least 5 GCSE's including English and Math's at Grade B or above.
Our client is committed to continuous professional education and will offer study support when required.

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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