A new Compliance Monitoring Associate job vacancy is open with a leading Global and London Market Insurance Broker.ResponsibilitiesWork with the Head of Risk, Monitoring & Reporting and Monitoring Associates in delivering the Compliance Monitoring Plan. Monitoring includes but may not be limited to: * Tracking and reporting of the firms Contract Certainty Performance * Oversight and Management of Brokerage Monitoring * Supporting the Monitoring Associates on review preparation * Oversight of action implementation by Divisions post review * Management of trend analysis and subsequent reporting * Placement/Broking file reviews * Work with the Head of Risk, Monitoring & Reporting and Monitoring Associates in the production and management of monitoring dash boards/management information for provision to the Boards and their Committees. * Support the Head of Risk, Monitoring & Reporting and Monitoring Associates as directed on regulatory projects and creation of the Risk Monitoring Plan. * Undertake other responsibilities necessary for the performance of the role and support the teams alignment of the Monitoring Framework. * Attend internal forums and external webinars relevant to the Compliance Monitoring team as required. * Assist the Head of Risk, Monitoring & Reporting and Monitoring Associates in the writing of terms of reference and reports to Senior Management relevant to reviews. Experience * Insurance industry or regulatory/compliance experience. * An understanding of (re)insurance broking market and General Insurance. * Understanding of conducting file reviews and/or audits within an insurer/broker. * Previous experience in an administrative role within a Broker or Insurer. * Any Class of Business insurance broking/underwriting experience would be seen to be an advantage as would any Claims Handling experience.Knowledge/Skills/Qualifications* Awareness of the of UK regulatory and insurance broking industry. * Able to manage workload and competing priorities with efficient administrative and organisational skills. * Ability to communicate professionally and effectively. * Awareness of Contract Certainty requirements and/or Market Reform Contract (slip) standards. * Able to show initiative and develop solutions to challenges. * Appreciates the need for consistency and high quality in working practices. * Attention to detail and accuracy in producing documentation. * Can demonstrate good qualities of a team player.
Back to searchCompliance Monitoring Associate
Harrison Holgate
Posted 3 days ago, valid for 2 days
London, Greater London EC1R 0WX
Full Time
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Sonic Summary
- A leading Global and London Market Insurance Broker is seeking a Compliance Monitoring Associate.
- The role involves collaborating with the Head of Risk, Monitoring & Reporting and other associates to execute the Compliance Monitoring Plan, including oversight of brokerage monitoring and trend analysis.
- Candidates should have prior experience in the insurance industry or regulatory/compliance roles, with a minimum of two years in a relevant position preferred.
- The position offers a competitive salary of £40,000 to £50,000, depending on experience.
- Key skills required include effective communication, organizational abilities, and a strong understanding of UK regulatory standards in the insurance sector.
