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Compliance Analyst

Job LocationLondon
EducationNot Mentioned
Salary45,000 - 55,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

Compliance Analyst (Insurance)The primary purpose of this role is to assist the Head of Compliance - UK and the UK Company Secretary in ensuring that theUK group companies comply with all internal policies, laws and regulations applicable to their activities, including activities authorisedand regulated by the PRA and the FCA.Responsibilities: To keep up to date regarding knowledge of Bermuda, European and UK law (including Lloyds), regulations and corporate governance requirements relevant to the operation of the UK companies. To assist in advising the business on compliance related queries as well as design and provide training as appropriate. To assist in the monitoring and design of corporate governance, regulatory and legal policies, procedures, systems, controls and checks to identify and mitigate risk. To assist in the monitoring and conducting of intermediary fitness reviews on proposed and existing intermediaries, including the implementation and maintenance of the records for standard market Terms of Business agreements (TOBA). To actively establish relationships with all business units as well as external companies, including the PRA/FCA and to attend meetings as directed by management. To ensure regulatory filings/renewals are made on a timely basis to the PRA, FCA and other regulators, including renewal of regulatory memberships. To assist the Company Secretary as directed in relation to company secretarial duties for the UK companies and their sub committees. To assist with all duties relating to the Group Data Protection Officer, including maintaining training packs, policies and any other updates as instructed. To assist with the collation, filing and recording of regulatory returns including overseas licensing. Any other duties as the Head of Compliance may assign from time to time.Essential Skills & Requirements: One or two years experience in a regulatory compliance environment in a London market company, a Lloyds underwriting agent or a Financial Services organisation. Knowledge of US, EU and UK Sanction regimes Educated to a good level. Knowledge of the operation of the London insurance market, its various participants and insurance regulatory requirements is highly desirable. Working towards or attainment of CIP/ACII. Strong report writing skills. Ability to work to tight deadlines. Team player and flexible. Proactive in approach. Strong analytical and organisational skills.Values Leadership, exhibiting passion and commitment in all aspects of Lancashire life and inspiring others to do the same, we are Aspirational, aspiring to deliver a superior service for our clients, ourselves and our business partners, we are Nimble in our decisions, actions and business processes, we are Collaborative, valuing teamwork and a diversity of skills and experience and sharing in our success, and we are Straightforward in conducting our business in an accountable, open, honest and sustainable way.

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