Compliance Assistant recruitment
This is an excellent opportunity for a Compliance Assistant with Lloyd’s market experience to work in a position with real growth and development opportunities. You will report into the Compliance Director directly making the team up to two, giving you a great opportunity to take on additional responsibilities as your skills and knowledge grow.
Key Purpose of the Role
To assist the Compliance Director with the compliance of all aspects of the agency’s business with the FSA rulebook and Lloyd’s regulations arising from the 1982 Lloyd’s Act, which include but are not limited to Rules, Regulations, Byelaws and Codes of Practice including those of Sound and Prudent Management, Core Principles Minimum Standards/Conduct of Business Requirements and Solvency II requirements for governance and controls.
In addition, to assist the Compliance Director in ensuring the company fulfils its duties to capital providers under the terms of the Agency Agreements and Premiums Trust Fund Deeds in place from time to time and the obligations imposed by the Financial Services Markets Act, Insurance Companies Acts, Companies Acts, Money Laundering Regulations and all other external regulatory requirements and licences required in the discharge of the business, both national and international.
Duties
- To assist the Compliance Director in all work undertaken in the delivery of the annual Compliance Plan.
- To assist in the maintenance of registers:
o Market Bulletins
o Regulatory Bulletins
o Lloyd’s/FSA consents
o Directors interests
o Transactions in Lloyd’s quoted vehicles
o Compliance Exceptions
- To assist in maintaining current copies of all relevant regulations, Acts, Byelaws, Lloyd’s and FSA Principles and Standards Codes of Practice and guidance notes and to advise on the practical application of the same.
- To provide assistance with the production of regular and ad hoc business reports.
- To assist in monitoring, through the medium of a compliance timetable, adherence to reporting deadlines and be satisfied as to the accuracy of required submissions.
- To assist the Compliance Director as the central source of advice on all compliance matters for all members of staff. To advise on and undertake training of staff as directed.
- To assist in the receipt, review and response to, as appropriate, all correspondence from Lloyd’s/FSA on specific matters of compliance.
- To assist in ensuring procedures and control systems are in place for the purpose of compliance with all FSA/Lloyd’s and external regulatory requirements and that adherence to these is monitored.
- To assist in maintaining the document library and monitoring the completion of the ‘at least annual’ document review process.
- To assist in the undertaking of random checks in addition to receiving and reviewing information in the form of report and/or from review forum (peer review, peer review director and external auditor) to ensure continued quality of process.
- To assist in ensuring that complaints are addressed in accordance with the procedure laid down and that material matters are brought to the attention of the board.
- To assist the Money Laundering Officer as required, in minimising the potential that the company/its syndicate be used as instruments of financial crime.
- To assist in implementing procedures and advise on the application of sanctions within the business undertaken by managed syndicates.
- To assist the Compliance Director where allocated risks within the agency’s risk register and in ensuring appropriate systems and controls are maintained in respect of each such risk.
- Any other duties as required from time to time.
The Ideal candidate would have Compliance experience within a Lloyd’s market organisation with a solid academic background. You will be looking for a role to growth and develop in the Compliance space and to take on additional responsibilities as you progress.
For further information please contact Richard Roland-Price on 02070923258 or via email at Richard.rprice@eamesconsulting.com