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Compliance Analyst

Eames Consulting
Posted a day ago, valid for 23 days
Location

London, Greater London EC1R 0WX

Salary

£45,000 - £54,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Eames Consulting is seeking a Compliance Analyst for a reputable Insurance organization in London.
  • The role requires at least 1 year of experience in compliance within financial services, ideally in insurance.
  • Key responsibilities include managing regulatory reporting, developing compliance policies, and conducting due diligence on sanctions and third-party service providers.
  • The position offers a salary of £40,000 to £50,000 per year, depending on experience.
  • Candidates should have technical knowledge of PRA/FCA/Lloyd's regulations and excellent communication skills.

Eames Consulting is partnering with a reputable Insurance organisation to recruit a Compliance Analyst for their London Office.

Key Responsibilities:

  • Assist with the allocation of regulatory reporting duties, ensure compliance with reporting deadlines, and provide support in the preparation of submissions and returns.
  • Help in developing, implementing, and embedding policies, procedures, processes, systems, and controls to guarantee adherence to applicable regulatory standards and, where applicable, ensure alignment with industry best practices.
  • Manage all types of sanction referrals, perform due diligence for marine cargo screenings and vessel/container tracking, escalate matters to underwriters when necessary, and monitor vessels and updates on sanctions, offering guidance on licensing requirements.
  • Prepare reports on compliance and governance, including those for the Risk & Compliance Committee and the Managing Agency Board.
  • Assist in maintaining the Consumer Duty framework, ensuring adherence to regulations and overseeing the conduct risk management framework, while offering guidance to underwriters.
  • Conduct horizon scanning to monitor regulatory and market changes, assigning actions to facilitate compliance and support business expansion.
  • Carry out KYC assessments of third-party service providers and outsourced arrangements to aid third-party risk management in coordination with the Risk and Operations function.
  • Work closely with the Head of Compliance to help prepare the annual Compliance Plan.

Key Requirements:

  • 1+ years experience working in compliance within financial services, ideally insurance.
  • Technical knowledge of the PRA/FCA/Lloyd's regulations.
  • Excellent oral and written communication skills and ability to deal with stakeholders at all levels.
  • Ability to work well within a team environment.

Eames Consulting is acting as an Employment Agency in relation to this vacancy.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.