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Compliance Assistant | Lloyd's Managing Agency | London/Hybrid | £28 - 30,000 (doe)
Finitas are exclusively partnered with a boutique Lloyd's managing agency in their search for a Compliance Assistant to join the team.
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Reporting into the Compliance Director, you will be ensuring regulatory compliance across various areas. Your responsibilities will include but are not limited to:
- Supporting the Product Oversight Group by preparing for meetings and contributing to the Principles & Documentation Forum.
- Conducting compliance checks.
- Managing updates and due diligence for broker TOBA and files.
- Performing cover-holder due diligence for new applications and monitoring ongoing due diligence.
- Handling broker financials and ensuring accurate reporting internally.
- Delivering training to staff on topics such as Conduct, GDPR, Whistleblowing, and Lloyd's Principles and Documentation.
- Assisting in the preparation and submission of FCA Returns.
- Reviewing and updating the Compliance Director on new FCA guidance related to Consumer Duty.
- Attending industry sessions to improve understanding, such as Financial Crime workshops.
- Producing and reviewing financial crime management information.
- Participating in relevant industry forums and meetings, such as LMA Conduct Risk Forum and Compliance Officers' Group.
- Monitoring sanction screening of cover-holders/brokers and taking appropriate actions.
Experience required:
- Degree educated - preferably within Law or Economic.
- Work experience within the insurance industry is preferred.
- Previous experience in a compliance-related role within the financial services industry.
- Strong knowledge of regulatory requirements and guidelines (Lloyd's, FCA, PRA).
- Excellent attention to detail and ability to analyse complex information.
- Strong organisational and time management skills.
- Effective communication and teamwork abilities.
- Proficiency in MS Office applications.
Please note you will be required to work in their London office 4 days per week.
This is an all-encompassing role that will give you unparalleled exposure across all remits of compliance. You will be part of a very collaborative company and will have plenty of senior stakeholder engagement. Definitely not one to be missed! So, if you have the right experience, please apply now!
Please note that you must have the right to work in the UK - sponsorship is not provided.
