Senior Compliance Insurance Analyst

We are looking for an experienced Senior Compliance Analyst who ideally comes from an Insurance background to join our multi-award-winning client. They work in highly regulated markets, including insurance, financial services, utilities, communications, and to regulatory bodies as well as global businesses. Our client invests significantly in their people and their career progress.

Location: London, Salary: up to £37,500

All About the Role

• Assist with the successful implementation and monitoring of the Insurance Services’ (DIS) compliance monitoring plan
• Assist with regular oversight of the DIS’ existing and growing network of Appointed Representatives. Support the Assistant Compliance Manager on compliance projects;
• Assist with the launch of new AR’s undertake due diligence, review policies and procedures and assist with the updating of DIS internal policies and procedures;
• Make accurate and timely 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 and subsequent trading phase. Deliver a proactive approach to help and support the Assistant Compliance Manager and the compliance team;
• Undertake relevant due diligence on new clients and participate in compliance monitoring visits; Assist with preparing board reports for each AR and DIS compliance board meetings;
• Review Insurer audit reports and draw recommended remedial actions to the AR. Recognises and escalates significant compliance issues to the Assistant Compliance Manager.
• To work closely with the Assistant Compliance Manager, Compliance Manager, CEO Intermediary Services, Finance Director, other controlled function Directors, Legal Counsel and Compliance Analysts
• To build strong relationships with the key stakeholders, including CEO’s, Directors and Managers of DIS’ Appointed Representatives. To work closely with the FCA, FOS, Lloyd’s of London and other useful organisations such as MGAA and BIBA. 

All About YOU!

• At least 2 years’ work experience in a compliance function or within the general insurance sector.
• Good understanding and working knowledge of current compliance practices & techniques including regulatory rules and how changes affect the wholesale and retail market (retail market experience is preferable).
• Experience in reviewing financial promotions
• An understanding of the regulatory framework for appointed representative model.
• Experience of working on multiple compliance/regulatory tasks in a fast-moving environment.

• Working towards, or prepared to work towards, a relevant qualification such as the Chartered Insurance Institute (CII) qualification.

• Strong organisational skills, structured and analytical with the ability to enjoy working well under pressure.
• Must be strong, confident persuasive communicator (oral and written) and capable of robust dialogue;
• Previous experience of project management
• Analysis and interpretation of management information
• A working knowledge of FCA key rules such as PRIN, ICOBS, SYSC, PROD and SUP.
• An understanding of the recent regulatory changes such as the IDD, GDPR, SM&CR, and the importance of applying the Training and Competence requirements within DIS and across the network of (AR’s).
• Have a sound understanding of the Managing General Agent model specifically in relation to the regulatory oversight of appointed representatives and an understanding of the outcomes from the FCA’s Thematic review.

Please only apply if you fully match the skills and experience required. If you have not had contact from us within 72 hours of your application, due to receiving high volumes of applications, please assume that your application has been unsuccessful on this occasion

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