Senior Compliance Analyst FTC

Job Title: Senior Compliance Analyst

Duration: 12 month fixed-term contract

Rate/Salary: £50,000-70,000 annual salary

Location: London/home based (2-3 days in the central London office per week plus home working)

The Role:

The purpose of this position is to support the Risk Management & Compliance Department and Board of Management in advising the business and delivering key legal and regulatory obligations to ensure that the company continues to meet its legal and regulatory requirements.

• Guide and assist the business in delivering the correct outcomes for our clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of the goals of the FCA and the interests of our clients.
• Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change.
• Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments.
• Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period.
• Be the subject matter expert, and lead the project to implement the FCA's upcoming rule changes on Non-Financial Misconduct.
• Draft and maintain policies and procedures following regulatory obligations.
• Help with the oversight and ongoing monitoring of Line One processes, identifying where remediation activity may ensure compliance with internal processes and regulatory obligations, and working with the business to implement these.
• Complete allocated tasks outlined in the Annual Compliance Plan.
• Assist the Head of Risk & Compliance in compiling the Compliance Monitoring Plan. Deliver compliance monitoring reviews (business unit and thematic).
• Help produce periodical internal reports to Committees of the Board of Management, and KPI monitoring to Group Compliance, and external reports to key stakeholders.

Experience Required:

• Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company.
• In-depth understanding of the insurance market and placing process is necessary.
• In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP.
• Excellent interpersonal and communication skills with the ability to influence decision makers.
• Able to research, analyse and interpret regulatory requirements, presenting findings and making recommendations that are both compliant and proportionate to facilitate decision-making.
• Conscientious, positive attitude and self-motivated, with excellent organisational skills and a good eye for detail.
• Experience with US surplus lines business is preferred but not essential.
• Knowledge of Microsoft products.

If the above role is of interest and you fit the following criteria, please apply online for consideration. Please note that applicants must have a notice period of 6 weeks or shorter to be considered.

Please note that applicants must have recent Insurance industry expertise in order to be successful.