Insurance Compliance Officer

• Assisting in the company’s compliance duties
• Conduct Compliance monitoring and audits of the significant business processes
• Ensure compliance requirements are adhered to
• Monitor, analyze and communicate new regulatory developments and legislation
• 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
• Updating the Gift & Expenses Register
• Assisting preparing and implementing staff training programs
• Assisting ongoing projects
• Conducting files checks in London and reporting back to Management

• Working knowledge of the FCA and insurance compliance
• Experience working within an insurance environment
• Ability to cope with a busy work environment
• Strong computer skills
• Good communicational and organisational skills
• 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
• At least 5 GCSE’s including English and Math’s at Grade B or above

• Professional qualifications either gained or working towards would be advantageous
• These may include CII Insurance Exams or AML/Compliance Qualifications (ICA)

Study support when required