At a Glance
- Tasks: Lead compliance initiatives and ensure regulatory requirements are met in a dynamic insurance environment.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Inclusive culture, first-class training, and opportunities for personal and professional growth.
- Other info: Be part of a fast-growing organisation with a commitment to developing talent.
- Why this job: Make a real impact in compliance while working with a diverse team across the globe.
- Qualifications: Experience in insurance compliance and strong communication skills are essential.
The predicted salary is between 50000 - 60000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
To support the UK Head of Compliance develop and deliver the Compliance Plan ensuring all relevant regulatory requirements are identified and implemented and making sure the Compliance function operates effectively.
Roles and Responsibilities
- Regulatory
- Take the lead in maintaining existing company licenses and prepare applications for licenses in new jurisdictions.
- Engage with business to ensure Compliance policies/procedures are understood and embedded accordingly and stakeholders are aware of applicable regulatory and legal developments.
- Take the lead representing Compliance on key business projects.
- Assist with the compiling compliance reporting and management information to relevant committees.
- Support the delivery of external regulatory reporting undertaken by Compliance to ensure it is prepared accurately and submitted in a timely manner.
- Analyzing Line 1 management information, key performance indicators and risk metrics to identify any potential indicators which increase Starr’s regulatory exposure.
- Keep up to date with external regulatory developments to identify impact to Starr London.
- Support with maintaining Compliance owned policies, procedures, and risk assessments.
- Assist with the delivery of the face-to-face UK Compliance Induction training.
- Advise internal stakeholders on management of potential conflicts.
- Conduct and Product Governance
- Performing a Line 2 Compliance review of new and existing binding authority products.
- Review draft complaint final response letters and providing guidance and sign-off to third-parties.
- Liasing with Line 1 Claims team in overseeing Delegated Claims Authority (DCA) conduct related performance.
- Providing Line 2 Compliance advice and independent challenge as part of the product approval process in reviewing fair value assessments, product submissions and customer journey.
- Financial Crime
- Assist with completing pre- and post-bind sanctions screening checks.
- Advise internal stakeholders on financial crime related queries including sanctions.
Experience
- Relevant experience in the insurance industry.
- Familiarity with compliance requirements in the Lloyd’s market.
- Experience in providing advice and assurance on compliance matters including licensing, sanctions and conduct risk related matters.
Skills
- Commercial acumen and application of regulatory compliance.
- Planning and organisational skills.
- Strong communication skills both written and oral.
- Relationship Building both internal and external.
- Professional business writing and presentation skills.
- Judgement and decision making.
- Ability to act with due professional care, demonstrating sound integrity and confidentiality.
- Analytical thinking – explores and understands trends, opportunities and risks that could affect the business.
- Systems & IT: MS Office - Excel, Visio, Word, PowerPoint, and Outlook; and Adaptability of working with various business and reporting tools including Power BI.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Senior Compliance Analyst (FTC) in London employer: Starr Insurance
Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and inclusivity. With a commitment to employee development, we provide first-class training opportunities and encourage our team members to thrive in their careers. Located in the heart of London, our collaborative culture and focus on compliance excellence make us a leading choice for those seeking meaningful and rewarding employment in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Analyst (FTC) 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 Starr Insurance looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Analyst (FTC) 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 Starr Insurance. 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 Starr Insurance
✨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 Starr Insurance’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
