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- Tasks: Join us as a Compliance Assistant, ensuring regulatory compliance and supporting key meetings.
- Company: Be part of a boutique Lloyd's managing agency in the heart of London.
- Benefits: Enjoy a hybrid work model and competitive salary of £28-30,000.
- Why this job: Gain unparalleled exposure to compliance while collaborating with senior stakeholders in a dynamic environment.
- Qualifications: Degree in Law or Economics preferred; experience in compliance or insurance is a plus.
- Other info: Work in the London office 4 days a week; no sponsorship available.
The predicted salary is between 22400 - 25200 £ per year.
Finitas are exclusively partnered with a boutique Lloyd's managing agency in their search for a Compliance Assistant to join the team. Reporting into the Compliance Director, you will be ensuring regulatory compliance across various areas. Your responsibilities will include but are not limited to:
- Supporting the Product Oversight Group by preparing for meetings and contributing to the Principles & Documentation Forum.
- Conducting compliance checks.
- Managing updates and due diligence for broker TOBA and files.
- Performing cover-holder due diligence for new applications and monitoring ongoing due diligence.
- Handling broker financials and ensuring accurate reporting internally.
- Delivering training to staff on topics such as Conduct, GDPR, Whistleblowing, and Lloyd's Principles and Documentation.
- Assisting in the preparation and submission of FCA Returns.
- Reviewing and updating the Compliance Director on new FCA guidance related to Consumer Duty.
- Attending industry sessions to improve understanding, such as Financial Crime workshops.
- Producing and reviewing financial crime management information.
- Participating in relevant industry forums and meetings, such as LMA Conduct Risk Forum and Compliance Officers' Group.
- Monitoring sanction screening of cover-holders/brokers and taking appropriate actions.
Experience required:
- Degree educated - preferably within Law or Economics.
- Work experience within the insurance industry is preferred.
- Previous experience in a compliance-related role within the financial services industry.
- Strong knowledge of regulatory requirements and guidelines (Lloyd's, FCA, PRA).
- Excellent attention to detail and ability to analyse complex information.
- Strong organisational and time management skills.
- Effective communication and teamwork abilities.
- Proficiency in MS Office applications.
Please note you will be required to work in their London office 4 days per week. This is an all-encompassing role that will give you unparalleled exposure across all remits of compliance. You will be part of a very collaborative company and will have plenty of senior stakeholder engagement. Definitely not one to be missed! So, if you have the right experience, please apply now!
Please note that you must have the right to work in the UK - sponsorship is not provided.
Compliance Assistant employer: Finitas
Contact Detail:
Finitas Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Assistant
✨Tip Number 1
Familiarise yourself with the latest FCA guidelines and Lloyd's principles. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the insurance and compliance sectors. Attend industry events or forums, such as the LMA Conduct Risk Forum, to make connections that could lead to job opportunities.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've handled complex compliance issues in the past. Be ready to discuss these scenarios during your interview to highlight your problem-solving abilities.
✨Tip Number 4
Brush up on your MS Office skills, particularly Excel, as you'll likely need to manage financial data and reporting. Being proficient in these tools can set you apart from other candidates.
We think you need these skills to ace Compliance Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and the insurance industry. Emphasise any specific roles or projects that demonstrate your understanding of regulatory requirements and guidelines.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for compliance and your understanding of the role. Mention how your background in law or economics aligns with the job requirements and express your enthusiasm for working at a boutique Lloyd's managing agency.
Highlight Relevant Skills: In your application, focus on skills that are crucial for the Compliance Assistant role, such as attention to detail, organisational abilities, and effective communication. Provide examples of how you've successfully used these skills in previous positions.
Showcase Continuous Learning: Mention any relevant training or workshops you have attended, especially those related to compliance, financial crime, or FCA guidance. This demonstrates your commitment to staying updated in the field and your proactive approach to professional development.
How to prepare for a job interview at Finitas
✨Know Your Regulations
Familiarise yourself with the key regulatory requirements and guidelines relevant to the role, such as those from Lloyd's, FCA, and PRA. Being able to discuss these confidently will show your understanding of the compliance landscape.
✨Demonstrate Attention to Detail
Prepare examples from your past experience that highlight your attention to detail, especially in compliance-related tasks. This could include specific instances where your thoroughness prevented issues or improved processes.
✨Showcase Your Communication Skills
Since the role involves delivering training and engaging with various stakeholders, be ready to demonstrate your effective communication skills. You might want to prepare a brief explanation of a complex compliance topic to showcase your ability to convey information clearly.
✨Engage with Industry Knowledge
Stay updated on current trends and challenges in the insurance and compliance sectors. Mentioning recent industry sessions or workshops you've attended can illustrate your commitment to continuous learning and professional development.
