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For Companies At a Glance
- Tasks: Support the Head of Advice & Guidance with compliance and risk management tasks.
- Company: Join Amwins Global Risks Group, a leader in the insurance industry.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team making a real impact in risk and compliance.
- Qualifications: Six years of experience in Risk & Compliance and strong regulatory knowledge required.
- Other info: Ideal for detail-oriented individuals who thrive in a collaborative environment.
The predicted salary is between 43200 - 72000 £ per year.
Overview
- To provide efficient and effective support to the Head of Advice & Guidance, the Advice & Guidance Team and wider Risk & Compliance function in the provision of risk-based and commercially focused advice to the Amwins Global Risks Group (AGRG).
- To assist AGRG in its understanding of, and compliance with, all relevant laws and regulations.
- To assist in the implementation of effective risk-based controls.
Responsibilities
- Undertake screening of new & renewing business and payments for sanctions and financial crime indicators using tools provided and independent research, escalating potential matches to the Head of Advice & Guidance. Present findings relating to adverse results and recommending appropriate courses of action.
- Undertaking research in relation to UK and international law, regulation, financial & trade sanctions regimes and other ad hoc subjects as may be required to support the provision of risk-based and commercially focused advice to AGRG and its trading entities.
- Consideration and review of new and renewing counterparty relationships, including referral to the Head of Advice & Guidance and/or Chief Risk Officer and liaising with the Business Support Unit (BSU) and Business Divisions where required.
- Assist in reviewing ongoing sanctions and due diligence alerts and escalating potential matches.
- Assist in the review, negotiation and agreement of terms of business agreements (TOBAs) with market counterparties and other contractual trading arrangements or agreements with external parties, including non-disclosure agreements and broker transfer agreements, as well as creating and maintaining appropriate central records of this activity.
- Assist in the review and sign-off of financial promotions and other marketing material.
- Contribute to regulatory horizon scanning through analysing, recording, and communicating developments to key internal stakeholders.
- Assist with regulatory reporting and the submissions to regulators, including applications to perform controlled functions.
- Support the provision of training and engagement with other support teams and business units.
- Support administrative functions, projects and other responsibilities that may be required within the Risk & Compliance Team.
Knowledge/Skills/Qualifications
- Strong knowledge of current regulatory and legal measures applying to financial crime, including fraud, money laundering, sanctions and tax evasion.
- Strong knowledge of UK regulatory environment, including the FCA Handbook.
- Some knowledge of international regulatory environment is beneficial.
- Familiarity with the Lloyd’s market, its practices and operational infrastructure.
- Experience in reviewing and negotiating TOBAs and other agreements.
- Minimum six years’ Risk & Compliance experience within general insurance.
- Able to effectively manage workload and competing priorities.
- Strong attention to detail and high levels of accuracy and precision.
- Excellent communication and interpersonal skills.
- Ability to work within a team and support colleagues.
- Ability to conduct independent research and offer solutions to complex problems.
- Ability to convey complex information in a way which is easy to understand.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Other
Industries
- Insurance
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Senior Compliance Associate employer: Amwins Global Risks
Contact Detail:
Amwins Global Risks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Associate
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards in the financial sector. This will not only help you understand the role better but also demonstrate your commitment to staying updated, which is crucial for a Senior Compliance Associate.
✨Tip Number 2
Network with professionals in the Risk & Compliance field, especially those who have experience in the Lloyd’s market. Engaging with industry peers can provide valuable insights and potentially lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled compliance challenges in the past. Being able to articulate your problem-solving skills and attention to detail will set you apart during interviews.
✨Tip Number 4
Showcase your ability to work collaboratively by highlighting any team projects you've been involved in. The role requires strong interpersonal skills, so demonstrating your experience in teamwork can be a significant advantage.
We think you need these skills to ace Senior Compliance Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk and compliance, particularly in areas like financial crime and regulatory knowledge. Use specific examples that demonstrate your understanding of UK regulations and your ability to manage competing priorities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Senior Compliance Associate role. Discuss how your background aligns with the responsibilities outlined in the job description, such as your experience with TOBAs and your ability to conduct independent research.
Showcase Your Skills: Emphasise your strong attention to detail and communication skills in your application. Provide examples of how you've successfully conveyed complex information in previous roles, as this is crucial for the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your professionalism and attention to detail, which are key traits for a Senior Compliance Associate.
How to prepare for a job interview at Amwins Global Risks
✨Know Your Regulations
Make sure you have a solid understanding of the current regulatory and legal measures related to financial crime, including fraud and money laundering. Brush up on the FCA Handbook and any relevant international regulations, as this knowledge will be crucial in demonstrating your expertise during the interview.
✨Showcase Your Experience
Be prepared to discuss your previous experience in Risk & Compliance, especially within the insurance sector. Highlight specific examples where you've successfully managed compliance issues or negotiated terms of business agreements, as this will show your practical knowledge and problem-solving skills.
✨Demonstrate Attention to Detail
Given the nature of the role, attention to detail is paramount. During the interview, provide examples of how you've ensured accuracy in your work, whether it's through screening processes or reviewing contracts. This will help convey your precision and reliability.
✨Communicate Clearly
Practice conveying complex information in a straightforward manner. You may be asked to explain intricate regulatory concepts or compliance strategies, so being able to articulate these clearly will showcase your communication skills and ability to engage with various stakeholders.
