At a Glance
- Tasks: Support compliance operations and ensure regulatory standards are met across the business.
- Company: Join Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Flexible working arrangements, diverse culture, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on diversity and inclusion.
- Why this job: Make a real impact in compliance while learning from industry experts.
- Qualifications: Relevant compliance experience and strong communication skills are essential.
The predicted salary is between 30000 - 40000 £ per year.
ROLE SUMMARY
This role will assist in the day-to-day running of the Compliance Function, whose responsibilities include:
- Provision of compliance advisory services to the Group
- Compliance assurance monitoring of all business units
- Reporting of regulatory deadlines, compliance timetables and distribution of regulatory information and news as appropriate throughout the business
- Monitoring & oversight of staff training requirements
- Management of countering financial crime procedures (sanctions, anti-money laundering and anti-bribery and corruption)
- Maintaining compliance records, registers and files
- Liaising effectively and building relationships with all areas of the business and external regulators
- To undertake other appropriate tasks and projects within the Legal and Regulatory department as required
MAIN RESPONSIBILITIES
- To contribute to the management and monitoring of effective, risk-based and commercially pragmatic compliance by all syndicates managed by Chaucer Syndicates Limited (CSL), with regard to UK regulations (PRA and FCA), Lloyd’s, overseas and EU insurance regulations, and international anti-financial crime requirements
- To provide timely & accurate compliance, regulatory & financial crime advice to the business
- To conduct regular compliance monitoring of business activities, and to produce recommendations & reports on findings
- To ensure that CSL meets all regulatory and other deadlines, including alerting and reminding other business areas where required
- To assist in the management of all financial crime matters through the Head of Compliance
- To liaise effectively and build relationships with all areas of the business and external regulators
- To complete regulatory applications, returns and forms as required, and maintain compliance records and files
- To maintain and document appropriate compliance systems and procedures
- To assist in the resolution of customer complaints and ensure accurate reporting of complaints to Lloyd’s and other regulatory authorities as appropriate
- To assist in the provision of training and advice on regulatory and other compliance-related matters as appropriate to all levels of the business
- To manage and monitor compliance with training requirements
- To conduct a weekly review of output from third party sanctions screening software
- To assist in promoting the Compliance function as an added value to the business through training programmes, inductions, external presentations, intranet communications and day to day interaction with staff
- To provide management information for syndicate and board committee reports
- To maintain communication with Lloyd’s for business queries where required, and ensure market updates are communicated in a timely manner to the business
- To undertake other appropriate tasks and participate in other projects within the Risk Department as may be required
REGULATORY RESPONSIBILITIES
- To advise and educate all CSL staff on their Conduct Risk obligations and their duties owed to CSL customers and to co-ordinate the maintenance of policies and procedures which pay due regard to the interests and fair treatment of CSL customers
OUR REQUIREMENTS
RELEVANT EXPERIENCE
- Essential: Relevant compliance assistant experience
- Desirable: Experience of the insurance industry
TECHNICAL SKILLS
- Essential: Intermediate knowledge of Excel, Word and PowerPoint
- Desirable: Good working understanding of Lloyd’s and/or overseas regulatory regimes. Good working understanding of the UK Regulatory regimes (PRA / FCA).
EDUCATION AND QUALIFICATIONS
- Desirable: 3 A Levels or equivalent
- Degree/ACII or equivalent
PERSONAL SKILLS
- Professional outlook
- Very good interpersonal skills
- Excellent organisational skills
- Excellent communication skills with the ability to liaise at all levels
- Work as part of a team
- Adapt to a pressured environment
- Self-motivated
- Capable of working to a timetable when required
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Compliance Assistant in London employer: Chaucer Underwriting Services
Chaucer is an exceptional employer, offering a dynamic work environment within the Actuarial pricing team in London, where you will gain invaluable experience in general insurance pricing. With a strong commitment to employee growth, we provide actuarial study support towards your qualification, alongside a culture that values diversity and inclusivity, ensuring every team member is respected and empowered. Join us to collaborate with industry experts and contribute to innovative pricing models that protect global industries.
Contact Details:
Chaucer Underwriting Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Assistant 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 Chaucer Underwriting Services looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Assistant 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 Chaucer Underwriting Services. 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 Chaucer Underwriting Services
✨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 Chaucer Underwriting Services’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
