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- Tasks: Manage conduct risk matters and perform product risk assessments in a dynamic team.
- Company: Join a leading reinsurance business known for its innovative approach to insurance.
- Benefits: Enjoy professional growth, diverse responsibilities, and impactful work with a supportive team.
- Why this job: Make a significant impact while collaborating with seasoned professionals in a prestigious environment.
- Qualifications: 2-4 years of experience in Compliance or Conduct Risk, ideally within Lloyd’s requirements.
- Other info: Opportunity to act as a Customer Champion and influence strategic decisions.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a leading reinsurance business in search of a Senior Compliance Analyst to manage and delegate conduct risk matters for the Legal and Compliance team. This opportunity will elevate your career with a prestigious reinsurer with a dynamic team that combines data, experience, and technology to excel in Property, Casualty, Specialty, and Credit reinsurance.
Why This Role Stands Out:
- Professional Growth: Collaborate with seasoned professionals in the Legal, Regulatory & Compliance team, and work closely with the Delegated Authority and Claims teams, as well as Underwriters.
- Impactful Work: Play a crucial role in shaping and maintaining the Conduct Risk Framework, ensuring the syndicate adheres to key regulatory developments.
- Diverse Responsibilities: From product risk assessments to complaints handling, this role offers a broad spectrum of tasks that will keep you engaged and challenged.
- Leadership and Training: Provide training on Conduct Risk to the business and Senior Management, and act as a Customer Champion within the syndicate.
- Strategic Influence: Prepare the Annual Consumer Duty report for the Board and act as the Secretary to the Customer Review Committee.
Key Responsibilities:
- Perform product risk assessments for the syndicate’s portfolio.
- Monitor key regulatory developments relating to Conduct Risk and manage any impact on the syndicate.
- Maintain and enhance the Conduct Risk Framework.
- Develop and enhance Conduct Risk Management Information.
- Handle complaints for the syndicate.
- Provide training on Conduct Risk to the business and Senior Management.
- Act as a Customer Champion and consider customer outcomes in collaboration with Underwriting, Claims, Legal, and other functions.
- Prepare the Annual Consumer Duty report for the Board.
- Manage Lloyd’s Insurance Company Secondee processes for the syndicate.
- Serve as Secretary to the Customer Review Committee, maintaining papers and minutes.
- Work closely with the Delegated Authority team, managing queries and referrals relating to Conduct Risk, the Insurance Distribution Directive, Licensing, and binding authorities.
Candidate Qualifications:
- Strong knowledge of Lloyd’s and Lloyd’s Insurance Company requirements relating to Conduct Risk and the Consumer Duty with ideally 2-4 years experience (will consider someone more senior).
- Extensive experience with binding authorities and delegated claims administrators.
- Significant experience within a Compliance or Conduct Risk team in a Managing Agent or UK insurer.
Seize this chance to make a significant impact in a role that offers both professional growth and the opportunity to work with a highly regarded reinsurer. Apply now to embark on a rewarding career journey.
Senior Compliance Analyst - Insurance employer: EMEA Legal | in-house legal recruitment
Contact Detail:
EMEA Legal | in-house legal recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Analyst - Insurance
✨Tip Number 1
Familiarise yourself with Lloyd’s and the specific requirements related to Conduct Risk and Consumer Duty. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the Compliance and Conduct Risk sectors, especially those who have experience in reinsurance. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with product risk assessments and how you've handled complaints in previous roles. Be ready to share specific examples that highlight your problem-solving skills and ability to manage regulatory changes.
✨Tip Number 4
Showcase your leadership skills by thinking about how you would approach training others on Conduct Risk. Consider preparing a brief outline of a training session to demonstrate your proactive approach during discussions.
We think you need these skills to ace Senior Compliance Analyst - Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and conduct risk, particularly within the insurance sector. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the Conduct Risk Framework and your experience with Lloyd’s requirements. Explain why you are passionate about this role and how you can contribute to the team.
Highlight Relevant Experience: In your application, emphasise any previous roles where you managed conduct risk or worked closely with regulatory compliance. Provide specific examples of your achievements in these areas.
Showcase Your Leadership Skills: Since the role involves providing training and acting as a Customer Champion, include examples of your leadership experience and how you've successfully trained others in compliance matters.
How to prepare for a job interview at EMEA Legal | in-house legal recruitment
✨Understand the Conduct Risk Framework
Make sure you have a solid grasp of what a Conduct Risk Framework entails. Be prepared to discuss how you would maintain and enhance such a framework, as this is a key responsibility of the role.
✨Familiarise Yourself with Regulatory Developments
Stay updated on the latest regulatory changes related to Conduct Risk and the Consumer Duty. Being able to articulate how these developments impact the syndicate will demonstrate your proactive approach and industry knowledge.
✨Showcase Your Leadership Skills
Since the role involves providing training to Senior Management and acting as a Customer Champion, be ready to share examples of your leadership experience. Highlight any previous training or mentoring roles you've undertaken.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios, such as handling complaints or conducting product risk assessments. Practising these scenarios can help you respond confidently during the interview.
