Arthur are delighted to be partnered with an underwriter that are looking to augment their compliance procedures by adding a Compliance Analyst to their ever-growing team.
Based in London and reporting into a Compliance Manager, the Compliance Analyst will use previously acquired skills, knowledge and experience to assist in the provision of concise, superior compliance advice to business stakeholders and to the firm’s governing bodies. In doing so, the capability to ‘see the big picture beyond the task at hand’, as well as a strong detail orientation, will be crucial to success.
This role will also support the culture of compliance and good governance for their Lloyd’s Managing Agency platform.
Duties:
Lead the continuous improvement of methods for monitoring compliance.Prepare the annual Compliance Monitoring Plan.
Assist business stakeholders with the design of controls, where compliance monitoring identifies control weaknesses.
Prepare compliance monitoring status reports, for submission to the quarterly Board and Committee meetings (detailing the level of compliance and control adequacy).
Conduct all reviews (thematic or otherwise) as required.
Work closely with the other assurance functions to ensure a joined-up approach to oversight and reporting
Assist with the preparatory work in the event of regulatory inspections and information requests
Requirements for the role
An understanding of relevant Lloyd’s, FCA and PRA requirements
Exposure to the internal processes of a Managing Agent or general insurer
An understanding of Compliance Monitoring (purpose and practice)
Good written communication skills (primarily for report writing)
Good interpersonal and communication skills, with the ability to build effective working relationships at all levels
Demonstrable experience in thinking critically, identifying and analysing problems, and developing effective solutions
Proven track record of delivering assignments on time and to the required standard
Adaptability and a willingness to learn and improve processes
Self-motivated, proactive, collaborative and helpful to colleagues; following up tasks appropriately and keeping the team up to date on activities and progress
