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Compliance Assistant Insurance

Job LocationLondon
EducationNot Mentioned
Salary£30,000 - £35,000 per annum, negotiable
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Leading global insurance group are seeking an experienced candidate to join their compliance team to provide due diligence support. Prior experience in a similar role and knowledge of the General insurance sector is preferable.Key Responsibilities:

  • To assist with the day-to-day review and approval of brokers, which includes:
  • Due diligence review and approval of new brokers in line with our Intermediary Vetting Procedures;
  • Issuing and managing signed terms of business agreements (ToBA);
  • Reviewing and responding to ToBA queries; and
  • Monitoring of brokers to ensure that the appropriate level of due diligence review has been performed based on the income produced.
  • To work alongside the existing Compliance Assistant to maintain the Customer Relationship Management (CRM) system, housing a central database for all third parties.
  • To perform monthly checks via CRM on all existing brokers.
  • To run CRM reports on third party statistics for inclusion within the reports produced for the Product Governance and Distribution Committee.
  • To assist in the continuing development of the CRM system to ensure that it remains an effective third-party oversight system.
  • To assist the Compliance Officer with the cleansing of the broker data migrated over from historic systems and subsequently issue updated ToBAs.
  • To circulate market updates and guidance, as necessary, to business units within the company on compliance with regulatory and Lloyds requirements relating to brokers.
  • Review and facilitate the responses for any Brexit-related queries, where relevant.
  • To provide co-ordination support for internal audit reviews, where required.
  • To complete ad hoc tasks as requested by the Compliance Officer.
  • Build and maintain a strong relationship with all business units.
  • Skills and Experience Specification:
  • Experience with broker vetting and / or oversight.
  • Experience within the Insurance and Lloyds Market.
  • Computer literate with knowledge of Microsoft Office products, i.e. Word and Excel.
  • Strong organisational and workload management skills.
  • Strong analytical and written skills.
  • Attention to detail; due diligence and investigative skills.
  • Ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
  • Hard working, diligent and a quick learner.
  • Eames Consulting is acting as an Employment Agency in relation to this vacancy. Required skills
  • insurance
  • business partner
  • compliance
  • conduct risk
  • general insurance
  • regulatory
  • advisory
  • regulations
  • financial crime
  • Keyskills :
    insurance business partner compliance conduct risk general insurance regulaty advisy regulations financial crime

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