Conduct Risk Associate

Job Description

A well established and respected Lloyds broking house are looking for a Conduct Risk Associate to join their team.The job holder will work within the Compliance Function’s Conduct Risk Team, which is responsible for the ongoing development and maintenance of a specific second line of defence Conduct Risk assurance and advisory framework, and providing the business with specialist Conduct Risk related support and expertise!This will include activities associated with ensuring that existing or new regulatory requirements in relation to Conduct Risk expectation are correctly interpreted and support the first line Operational Functions in ensuring that these expectations are applied consistently across the business, which may be as a result of changes to regulatory requirements of the firm’s business model or processes. The job holder will report directly into the Conduct Risk Compliance Manager and will contribute and provide support to the Conduct Risk Compliance Manager in meeting the team’s objectives and delivery of its plan, which shall include taking ownerships for the delivery of specific and discreet projects and activities.Key accountabilities:· Works with the Conduct Risk Compliance Manager to determine work priorities and activities in line with agreed objectives to ensure the achievement of the Annual Compliance Plan.· Works closely with the other Compliance Function Teams, to ensure the co-ordination of deliverables.· Contributes to the provision of support to the Employee Benefit (EB) Compliance Team in being able to accurately interpret and apply conduct risk related requirements to the EB business.· Participates in specific initiatives/projects to conduct research, review and consider more effective controls.Knowledge/ Experience:Crucial:· Proven experience and knowledge of working within a financial services firm, in the role of a Compliance function ideally within the insurance industry.Desirable:· Prior knowledge of regulatory expectations with regard to Conduct Risk.· Proven experience of what effective conduct risk controls may entail.· Proven experience of using and navigating the FCA handbook, as well as other expectations set out by the regulator in other publications.· Sound knowledge and understanding of insurance, principles, products and services.Skills/ behaviours:· Strong desire to learn and develop in order to build up an understanding of regulatory and insurance processes· An interest in Insurance, Compliance and Conduct Risk.· Self-starter with strong written and oral communication skills.· Strong analytical, influential and problem solving skills, with good attention to detail.· Team worker, who is logical and actively listens.· Good planning, organisation, delivery and time management skills.· Able to prioritise effectively.· Ability to articulate sophisticated concepts simplyQualifications:· Educated to A-level standard including good GCSE’s in English and Maths (Preferred).· University degree or recognised industry accreditation, particularly if this includes elements of Insurance/Auditing/Finance knowledge.· Professional qualification (desirable).