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Compliance Analyst

High Finance (UK) Limited T/A HFG
Posted 18 hours ago, valid for 23 days
Location

London, Greater London EC1R 0WX

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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  • This role involves working on compliance, conduct risk, and financial crime matters within an insurance organization.
  • You will report to the Head of Compliance and be responsible for consumer duty requirements and queries from MGAs.
  • Your duties will include collating and analyzing Risk and Compliance MI from MGAs and risk metrics from business areas for reporting purposes.
  • You will assist with due diligence for onboarding new MGAs and collate MI for regulatory returns.
  • The position requires at least two years of experience in a compliance role, with a salary of $X, and an understanding of Consumer Duty as it relates to insurance.

In this role, you will work on a wide-range of compliance, conduct risk and financial crime matters.

Reporting into the Head of Compliance, you will:

  • Take responsibility for consumer duty requirements and queries from MGAs and internally, ensuring regulatory obligations are met.
  • Collate, analyse and present Risk and Compliance MI received from MGAs on a monthly basis.
  • Collate risk metrics from 1st line business areas for risk monitoring and for reporting to Exco and Board.
  • Assist with full due diligence undertaken in the onboarding of new MGAs.
  • Collate MI for regulatory returns.

The Head of Compliance will provide you with support and training on areas you are unfamiliar with, but it is essential that you have an understanding of Consumer Duty and how it relates to an insurance business. You will need at least two years experience of working in a compliance role for an insurance organisation.

Apply now in a few quick clicks

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.