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Compliance Analyst

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The details


Arthur are working with a reputable broker that are looking to enhance their Compliance output by adding a Compliance Analyst to their team.
The successful candidate will support the Lead Compliance Analyst, Compliance Director and the compliance team to deliver, maintain and help comply with the group regulatory compliance framework and oversee the Intermediary Services’ network of Appointed Representatives. The role will also cover the oversight of the global Insurance Services entities acting as a group oversight function

Duties and Responsibilities:

  • Assisting with the implementation and monitoring of the compliance monitoring plan
  • Assisting with regular oversight of the existing and growing network of Appointed Representatives (AR’s)
  • Supporting the Compliance Director and team with all acquired businesses within Insurance Services Compliance
  • Assist with the launch of new AR’s undertake due diligence, review policies and procedures and assist with the updating of group internal policies and procedures
  • Making applications on the FCA’s Connect system and assisting with the administration of the regulatory RMAR reporting
  • Review financial promotions in line with ICOBS rules and review customer journeys for AR’s in the launch phase. Have a proactive approach to help and support the Compliance Director, Lead Compliance Analyst and team
  • Assisting the compliance team to undertaking relevant due diligence on new clients and undertake compliance monitoring visits
  • Assist with preparing board reports for each AR and group compliance board meetings, Group Risk & Governance Board; Review Insurer audit reports and draw recommended remedial actions to the AR
  • Understand the IDD requirements and ensure all AR’s who fall in scope adhere to this important requirement
  • Review Conduct risk reporting forms, assist with risk framework and have a robust approach to compliance monitoring whilst responsible for allocated ARs and working as a team to support entire client AR estate
  • Fundamental requirement is to work closely with the entire team and to support one another
  • To work closely with the Compliance Director, Lead Compliance Analyst, Compliance team, CEO Intermediary Services, CEO Insurance Services, Finance Director, other controlled function Directors, Head of Legal, Legal Counsel, Head of Client Solutions and Compliance team.
  • To build strong relationships with the key stakeholders, including CEO’s, Directors and Managers of group Appointed Representatives. To work closely with the FCA, FOS, Lloyd of London, PRA, FSCS, CII and other useful organisations such as MGAA and BIBA

Skills & Experience Required

  • The candidate should have circa 3 years’ work experience preferably in a compliance function within the general insurance sector.
  • The Candidate should understand regulatory rules and how changes affect the wholesale and retail market (retail market would be preferable).
  • The candidate should have experience in reviewing financial promotions and have a sound understanding of the appointed representative model.
  • The candidate should be willing to learn, can work on different tasks in a fast-moving environment and have a keen interest in compliance or regulation.
  • Working towards, or having a passion to work towards, a relevant qualification such as the Chartered Insurance Institute (CII) qualification would be preferable.
  • Have a sound understanding of the MGA model specifically in relation to the regulatory oversight of appointed representatives and a understanding of the outcomes from the FCA’s Thematic review (TR16/6: Principals and their appointed representatives in the general insurance sector).
  • An understanding of FCA rules such as PRIN, ICOBS, SYSC, PROD and SUP Supervision.
  • The candidate should have an understanding of the implications of IDD, GDPR, Brexit and the importance of applying the Training and Competence requirements within DIS and across the network of (AR’s).

Benefits Include: 

  • Leadership, training & support for professional qualifications  
  • Development programmes & institute memberships
  • Employee Assistance Programme
  • Virtual GP and other wellbeing resources and regular company initiatives
  • Access to Cycle to Work, Season Ticket Loan
  • Company Pension and Life Assurance  
Applications Closed