Compliance Analyst - Interim

City of London
£50000 - £60000 per annum
04 Feb 2021
04 Mar 2021
MW Appointments
Job Roles
Compliance Officer
Contract Type
Full Time

Compliance Analyst - Interim - To £60,000 p.a.

This role will initially be a 9 month fixed term contract with the potential to become permanent.

An opportunity to join a leading independent Lloyds broking house with a global footprint.

The purpose of the role:
To assist the Compliance Team in all areas of general compliance, with specific focus on counterparty due diligence and ongoing monitoring.

Core responsibilities:
Review / approval of applications new Third Party Producers
Review / approval of annual reviews for all Types of Third Party Producers
Review / approval of new Security, and the maintenance of the Approved Security List
Review / approval of Client Terms of Business Agreements, and bespoke Undertakings / Agreements
Review / approval of Terms of Business Agreements with Insurers / Managing General Agents
Assist in the periodic review of Policies and Procedures
Assist in monitoring that Legal, Market, Regulatory and Best Practice are being met in relation to existing business processes.
Monitoring that technical standards are maintained to achieve quality, minimise rework / E & O exposure.

Skills & Experience
- Minimum of least 3 years' experience in the London Market, either at a Lloyd's Broker or with an Insurer or MGA.
- Understanding of Terms of Business Agreements, Due Diligence Process requirements, and familiarity with how Ratings / Ratings Agencies work.
- Available to start within 2 weeks

Ref ~ 7878

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