Compliance Officer/Analyst

Location
Southend-On-Sea
Salary
£30000.00 - £40000.00 per annum
Posted
24 Mar 2021
Closes
23 Apr 2021
Ref
JO0000007939
Contact
MW Appointments
Sector
Compliance
Job Roles
Compliance Officer
Contract Type
Permanent
Hours
Full Time


Insurance - Compliance Officer/Analyst
Salary: up to £40,000
Permanent
Southend based

Organisation Description
An established Lloyd's broker based in the City and Southend is currently looking to recruit an Assistant to the Head of Risk & Compliance to join their successful team.

Job Description Overview
Suitable candidates for the position will already have a working knowledge of the FCA and insurance compliance and will have gained experience working in an administrative support role (within Insurance) and will be looking for a new challenge within a small and respected Lloyd's broker.


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, analyse 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
Strong computer skills.
Good communicational and organisational skills are also essential.
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 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.

REF 7939

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

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