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 crucial team ensuring compliance and risk management while shaping industry standards.
- Qualifications: Knowledge of regulatory standards and experience in compliance, especially within the Lloyd's market.
- Other info: Opportunity to represent compliance in committee meetings and contribute to significant decision-making.
The predicted salary is between 48000 - 72000 £ per year.
A Compliance/Senior Compliance Analyst opportunity working with a rapidly growing Lloyd’s syndicate. Reporting into the Head of Compliance, you will support 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.
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 them, as personal referrals can significantly boost your chances of landing an interview.
✨Tip Number 3
Stay updated on recent developments in financial crime and sanctions regulations. Being able to discuss current trends and their implications during your conversations will showcase your proactive approach and expertise in the field.
✨Tip Number 4
Prepare to discuss your experience with KYC processes and compliance reporting in detail. Be ready to provide examples of how you've successfully managed compliance tasks in previous roles, as this will highlight your suitability for the Senior Compliance Analyst position.
We think you need these skills to ace Senior Compliance Analyst
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Senior Compliance Analyst position. Make sure you understand the key responsibilities and required skills, particularly those related to regulatory compliance and the Lloyd's market.
Tailor Your CV: Customise your CV to highlight relevant experience in regulatory compliance, especially within the Lloyd's market. Emphasise your knowledge of PRA/FCA regulations and any specific achievements that demonstrate your expertise in compliance activities.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job requirements. Discuss your experience with compliance policies, procedures, and controls, and how you can contribute to the company's compliance efforts.
Highlight Relevant Skills: In your application, make sure to showcase your skills in managing sanctions referrals, conducting KYC, and preparing compliance reports. Use specific examples to illustrate your capabilities and how they align with the role.
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. Being able to discuss these confidently will show your expertise and understanding of the compliance landscape.
✨Demonstrate Relevant Experience
Prepare specific examples from your past roles that highlight your experience in regulatory compliance, particularly within the Lloyd's market. This could include instances where you successfully managed compliance policies or handled regulatory reporting.
✨Showcase Your Analytical Skills
As a Senior Compliance Analyst, analytical skills are crucial. Be ready to discuss how you've conducted horizon scanning for regulatory updates or performed KYC on third-party providers. 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 how you would handle specific compliance challenges, such as managing sanctions referrals or preparing compliance reports for committees.