At a Glance
- Tasks: Support compliance activities, regulatory reporting, and policy implementation in a dynamic environment.
- Company: Join a rapidly growing Lloyd’s syndicate making waves in the insurance industry.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work culture.
- Why this job: Be part of a vital team ensuring compliance while gaining valuable experience in the Lloyd’s market.
- Qualifications: Knowledge of regulatory standards and experience in compliance, especially within the Lloyd’s market, is essential.
- Other info: Opportunity to represent compliance in committee meetings and contribute to significant compliance initiatives.
The predicted salary is between 48000 - 72000 £ per year.
New Compliance/ Senior Compliance Analyst opportunity working with a rapidly growing Lloyd’s syndicate. Reporting into the Head of Compliance, you will support on a wide range of day-to-day Compliance activities.
Key Responsibilities:
- Support regulatory reporting and ensure timely submissions.
- Draft and implement compliance policies, procedures, and controls.
- Manage sanctions referrals, marine cargo screenings, and monitor developments.
- Prepare compliance reports for committees and boards.
- Track and support the Combined Assurance Report for the Audit Committee.
- Support Consumer Duty compliance and risk management.
- Conduct horizon scanning for regulatory updates.
- Review complaints for compliance and identify risks.
- Perform KYC on third-party providers and outsourced services.
- Assist with regulatory assessments and Compliance Plan development.
- Deliver compliance inductions for new staff.
- Represent compliance in committee meetings.
- Monitor underwriter compliance.
- Provide committee secretariat support, including meeting prep and minutes.
Skills and Knowledge:
- Knowledge of regulatory standards (PRA/FCA/Lloyd’s).
- Experience in regulatory compliance, preferably within the Lloyd’s market.
- Knowledge in financial crime, licensing, and sanctions.
- Experience dealing with Marine lines of business.
Senior Compliance Analyst employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Analyst
✨Tip Number 1
Familiarise yourself with the specific regulatory standards relevant to the Lloyd’s market, such as PRA and FCA guidelines. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the compliance landscape.
✨Tip Number 2
Network with professionals already working in compliance roles within the Lloyd’s syndicate. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Stay updated on recent developments in financial crime and sanctions, particularly those affecting marine lines of business. Being well-informed will allow you to discuss current issues confidently during interviews and show that you are proactive in your professional development.
✨Tip Number 4
Prepare to discuss your experience with KYC processes and compliance inductions. Think of specific examples where you've successfully implemented compliance measures or improved processes, as these will highlight your practical skills and suitability for the role.
We think you need these skills to ace Senior Compliance Analyst
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Senior Compliance Analyst position. Make note of the key responsibilities and required skills, as this will help you tailor your application to highlight relevant experiences.
Tailor Your CV: Customise your CV to reflect your experience in regulatory compliance, particularly within the Lloyd’s market. Emphasise your knowledge of PRA/FCA regulations and any specific achievements related to compliance activities.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the key responsibilities listed in the job description. Highlight your experience with regulatory reporting, compliance policies, and any relevant projects you've managed.
Showcase Relevant Skills: In your application, make sure to showcase your skills in financial crime, licensing, and sanctions. Provide examples of how you've successfully dealt with these areas in previous roles, especially in relation to marine lines of business.
How to prepare for a job interview at Edenbrook
✨Know Your Regulations
Familiarise yourself with the key regulatory standards relevant to the role, such as PRA, FCA, and Lloyd's regulations. Be prepared to discuss how these regulations impact compliance activities and your previous experiences in navigating them.
✨Demonstrate Relevant Experience
Highlight your experience in regulatory compliance, especially within the Lloyd's market. Share specific examples of how you've managed compliance tasks, such as drafting policies or conducting KYC on third-party providers.
✨Showcase Your Analytical Skills
As a Senior Compliance Analyst, you'll need strong analytical skills. Be ready to discuss how you've conducted horizon scanning for regulatory updates or prepared compliance reports. Use concrete examples to illustrate your problem-solving abilities.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making and risk management skills. Think about past situations where you had to manage sanctions referrals or review complaints for compliance, and be ready to explain your thought process.