Compliance Manager - KYC/CDD Insurance

Job Description

Leading global speciality insurer is seeking an experienced Compliance Manager to manage their KYC/CDD framework and process and a small team.Key Responsibilities:

• To review and develop the Broker Oversight Framework adopting a best practice, consistent and collaborative approach across the Companies.
• To ensure that those ToBAs issued to brokers for sign-off are up-to-date, taking into account all applicable regulatory and legislative requirements.
• To produce the broker section of the Third-Party training module and ensure the delivery of guidance and training to the business / internal stakeholders in the Companies, as required.
• To oversee and produce the broker sections of the annual Compliance Plan and ensure proposed projects / tasks are completed as scheduled.
• To manage the circulation of market updates and guidance, as necessary, to business units within the Companies on compliance with regulatory, general market and Lloyds requirements relating to brokers.
• To oversee the management of brokers by the Companies European entity, assisting with queries, as necessary.
• To manage the agreements with external service providers that support the broker review process, ensuring these contracts are managed on a regular basis and renewed as required
• To manage and oversee the review and approval of brokers in line with theCompanies Intermediary Vetting Procedures, which includes:
  • Due diligence review and approval of new brokers;
  • Issuance of signed terms of business agreements (ToBA):
• General 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 oversee the review of sub-brokers for any cascading risk transfer requests received from third parties.
• To review and facilitate the responses for any Brexit-related or other broker-related queries
• To oversee the maintenance of the Customer Relationship Management (CRM) system, housing a central database for all third parties.
• To manage and enhance the monthly dun & bradstreet (d&b) checks via CRM on all existing brokers.
• To develop the CRM system so that it becomes a more effective third-party oversight system and assist with the ongoing, historic changes required to CRM.
• To oversee the cleansing of the broker data migrated over from historic systems and subsequently ensure that updated ToBAs are issued to all cleansed brokers.
• To manage and develop the broker reports produced for various Committees including the Product Governance & Distribution Committee.
• To manage the completion of regulatory and Lloyds returns and / or requests, as required.
• To manage, mentor and train two members of the Broker Team within the Compliance Department and liaise / collaborate with peers within our European office as required.
• To build and maintain strong relationships with the Compliance Department and all business units.
• To provide co-ordination support for internal audit reviews, where required.
• To complete ad hoc tasks as requested by the Senior Compliance Officer.

Skills and Experience Specification:

• 5 years experience within a Compliance Department, with technical knowledge of the broker market.
• Previous managerial experience.
• 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.

Keyskills :
CDDKYCinsurancebrokingrisk managementFCAregulationsfinancial crime