At a Glance
- Tasks: Support compliance functions and manage regulatory controls in a dynamic insurance environment.
- Company: Join a vibrant insurance company that values passion and innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative culture that encourages questioning norms and having fun at work.
- Why this job: Make a real impact in compliance while learning from industry experts.
- Qualifications: Experience in compliance within the insurance sector and strong analytical skills.
The predicted salary is between 37800 - 46200 £ per year.
Reporting to the Head of Compliance Monitoring and Operations, the Compliance Analyst plays an important role in supporting the compliance function in delivering the CFC compliance plan, including the operation of an effective compliance programme and all of the compliance systems and controls applicable to CFC Underwriting. The role has a broad and varied mandate covering licensing, financial crime, conflicts of interest, complaints, data protection and regulatory compliance controls, alongside monitoring the effectiveness of those controls. The Compliance Analyst will also be supporting the compliance leadership team in providing input to strategic projects as required.
About the role
- Act as a first point of contact for compliance queries, undertaking initial assessment and triage, providing risk-sensitive regulatory guidance where appropriate, and escalating complex or higher-risk matters to the relevant Compliance Manager.
- Support the management of the financial crime framework, including conducting sanctions screening investigations using World-Check, escalating potential matches as appropriate and providing risk-based advice to business stakeholders.
- Support the Compliance Team in delivering first-line compliance education and awareness initiatives, including the development and delivery of training, guidance materials and communications to promote a strong compliance culture across the business.
- Where required support with the management of CFC's data protection framework, including coordinating Data Protection Impact Assessments (DPIAs), advising stakeholders on applicable regulatory requirements, identifying emerging risks, and supporting the implementation of appropriate controls, oversight and governance measures.
- Maintain, review and enhance compliance policies, procedures, standards, guidance documents and supporting materials, ensuring they remain accurate, accessible, current and aligned to regulatory and business requirements.
- Prepare compliance management information, reporting, governance updates and regulatory metrics for senior management, committees and other stakeholders.
- Operate and maintain compliance frameworks, systems, controls, policies and procedures to ensure ongoing compliance with applicable regulatory requirements and internal standards.
- Where required, assist with the handling of customer complaints in line with Lloyd’s requirements.
- Support with the preparation of regulatory returns.
- Assist with the coordination and management of internal audits, external audits, carrier reviews and regulatory information requests, ensuring timely and accurate responses.
- Contribute to the Horizon Scanning activities and assist with regulatory change gap and impact analysis work to support the timely and effective implementation of new regulations.
- Work collaboratively with colleagues across Compliance, Legal, Risk, Operations, Underwriting, Distribution and International Offices to support the effective management of regulatory and conduct risk.
About you
- Good understanding of Lloyd's market practices and UK regulatory requirements, with experience applying them within a regulated insurance environment.
- Excellent understanding of UK regulatory frameworks, with the ability to quickly interpret and apply new regulatory requirements and developments.
- Insurance market experience is essential, gained within a carrier, managing agent, broker or MGA environment.
- Broad / generalist compliance experience across regulatory advisory, licensing and permissions, financial crime, sanctions and conduct risk.
- Strong analytical, organisational and stakeholder management skills, with the ability to communicate compliance requirements effectively to a range of business audiences.
- Experience conducting sanctions screening and investigations using World-Check (or similar screening tools) would be advantageous.
- Experience working within delegated authority arrangements, including a sound understanding of delegated underwriting models, would be highly regarded.
- CII Certificate in Insurance (or an equivalent professional qualification) desirable but not essential.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Compliance Analyst in London employer: CFC
CFC is an exceptional employer that prioritises the employee experience, offering a dynamic work culture in the heart of London. With a strong focus on professional development and continuous improvement, employees are encouraged to grow their skills and advance their careers while enjoying a supportive environment that values communication and collaboration. The unique advantages of working in London include access to a vibrant city life and networking opportunities that enhance both personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like CFC looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at CFC. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at CFC
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with CFC’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
