At a Glance
- Tasks: Support compliance activities and ensure adherence to regulations in the insurance industry.
- Company: A growing Lloyd's syndicate with a commitment to diversity and inclusion.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Join a dynamic team and make a real impact on compliance in the insurance sector.
- Qualifications: Experience in compliance within the insurance industry and proficiency in Microsoft Office and Power BI.
- Other info: Engaging work environment with a focus on career development and regulatory excellence.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a growing Lloyd's syndicate, seeks a compliance specialist with experience of working in the Insurance industry, preferably the Lloyd's/London market, to support the team in its day-to-day activities, assisting in the delivery of the annual compliance plan and in the provision of information and assurance regarding compliance with relevant regulation. You will be proficient with Microsoft Office and Power BI and have previous experience with NDAs and contracts.
Key responsibilities:
- Supporting the delivery of the compliance plan including advisory, monitoring, reporting and regulatory activities.
- Assisting in the monitoring and reporting of conduct risk exposure including TCF, Consumer Duty, product oversight, Fair Value Assessments and complaints.
- Assisting in the dealing of complaints, including liaising with the claims teams, coverholders, TPAs, Lloyd's, LIC and the Financial Ombudsman Service.
- Assisting in the delivery of compliance monitoring activity.
- Assisting the team in providing sanctions and financial crime support to the underwriters and other areas of the business.
- Assisting in providing business advice on licensing, regulatory, data protection, and other areas of compliance.
- Assisting in embedding compliance processes across the business.
- Reviewing compliance policies and procedures annually and developing new policies/procedures where necessary.
- Assisting in the preparation and submission of regulatory returns, as well as committee papers.
Our client is committed to diversity in all of its forms and operates an inclusive recruitment process.
Senior Compliance Analyst (Insurance) in London employer: Insight Recruitment Solutions Ltd
Contact Detail:
Insight Recruitment Solutions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Analyst (Insurance) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work in compliance. Attend industry events or webinars and don’t be shy about introducing yourself – you never know who might have a lead on your next role!
✨Tip Number 2
Show off your skills! If you’re proficient with Microsoft Office and Power BI, make sure to highlight that in conversations. Bring examples of how you've used these tools in past roles to solve problems or improve processes.
✨Tip Number 3
Prepare for interviews by brushing up on compliance regulations relevant to the Lloyd's market. Be ready to discuss how you’ve handled compliance issues in the past and what strategies you’d bring to the table.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that Senior Compliance Analyst role. Plus, it shows you’re serious about joining our team!
We think you need these skills to ace Senior Compliance Analyst (Insurance) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Compliance Analyst role. Highlight your experience in the insurance industry, especially if you've worked with Lloyd's or the London market. We want to see how your skills match what we're looking for!
Showcase Relevant Skills: Don’t forget to showcase your proficiency with Microsoft Office and Power BI. If you’ve dealt with NDAs and contracts before, mention that too! We love seeing candidates who can hit the ground running.
Be Clear and Concise: When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read through your experience and achievements. We appreciate a straightforward approach!
Apply Through Our Website: Finally, make sure to apply through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Insight Recruitment Solutions Ltd
✨Know Your Compliance Stuff
Make sure you brush up on the latest regulations and compliance standards in the insurance industry, especially those relevant to the Lloyd's market. Being able to discuss specific compliance challenges and how you've tackled them in the past will show that you're not just familiar with the theory but have practical experience too.
✨Showcase Your Analytical Skills
Since the role involves monitoring and reporting, be prepared to discuss your experience with data analysis tools like Power BI. Bring examples of how you've used data to drive compliance decisions or improve processes. This will demonstrate your ability to leverage technology in compliance activities.
✨Prepare for Scenario Questions
Expect questions that put you in hypothetical situations related to compliance issues, such as dealing with complaints or regulatory breaches. Think through your responses ahead of time, focusing on your problem-solving skills and how you would ensure compliance while maintaining good relationships with stakeholders.
✨Understand the Company Culture
Research the client’s values and commitment to diversity and inclusion. Be ready to discuss how you can contribute to a positive workplace culture and support their compliance objectives. Showing that you align with their ethos can set you apart from other candidates.