Junior Compliance Analyst

The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.

Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.

The role

An opportunity has risen for a Graduate Compliance Analyst to join the TFP Group at an exciting time, following TFP’s significant growth, global expansion and return to the Lloyd’s of London market with two ambition syndicates. We are seeking a motivated and ambitious graduate level individual to join our Compliance team in a generalist role. This role offers an exciting opportunity to kickstart your career in the insurance industry, while gaining valuable experience in compliance practice and regulations. This individual will join the Compliance team in supporting all entities within the TFP Group, providing hands-on experience across differing domestic and international regulatory environments and insurance business set-ups.

The Compliance Analyst will have the opportunity to work closely with business leaders to drive enhancements and execute the company’s Compliance programme. This person will also have regular and direct access to the Head of Compliance, Head of Compliance Advice and the Global Chief Risk Officer. The Compliance team covers a comprehensive view of business, regulatory and legal requirements for this global business.

The role will offer significant and steep growth potential as part of a team that covers the entirety of the rapidly growing Group. The individual will be expected to act independently in the relevant activities and to support the goals of the overall Compliance function. The Compliance Analyst will add immediate value by picking up ownership of a set of particular tasks that have a significant impact to the overall Group. The Compliance Analyst will have the opportunity to learn about the key operations within the insurance sector including underwriting, claims, actuarial, risk, and finance.

The Graduate Compliance Analyst will be encouraged to spend time with various functions to better understand the processes and needs of the business. This role will provide unique insight and access into the world-class underwriting process and market-leading proprietary systems along with all other key functions for the business.

The Graduate Compliance Analyst will have to be highly organised, detail orientated and bring a genuine drive to learn. This person will need to be a strong communicator (written and verbal) with a high level of emotional intelligence.

Key accountabilities

• Assisting with the regulatory requirements of new or changing insurance undertaking including binders, terms, legal requirements and other compliance considerations
• Assist in the development and implementation of compliance policies and procedures
• Support the team to keep up-to-date with new regulatory requirements, including analysis of new rules across the globe (horizon scanning)
• Assessing and monitoring Conduct and Product Risk
• Monitoring underwriting activity for adherence to licensing and other requirements
• Grow your skills by participating in some of the many exciting business development projects that the Compliance team is involved in
• Provide support and co-ordinate regulatory applications and reporting
• Assist in creating and delivering training sessions on compliance related topics across the business
• Assist in the creation and distribution of online compliance training – e.g. financial crime and conduct
• Collaborate with various departments to promote a culture of compliance throughout the organisation
• Assist with the distribution of Terms of Business Agreement contracts, and respond to Know Your Customer (KYC) requests
• Assist with the collation and analysis of management information
• Support the drafting of board and management reports
• Assist in resolving business compliance questions and financial crime related issues
• Maintain accurate records and documentation related to compliance activities

Skills & experience

• Degree in Law, Finance, Business or related field or other equivalent qualifications or other degrees.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills, with the ability to clearly and concisely explain complex information to colleagues across the business.
• Ability to work both independently and collaboratively in a fast-paced organisation
• Attention to detail and commitment to upholding ethical standards.
• Strong written communication skills, including familiarity with Word and PowerPoint and ideally Excel
• Must be able to respond positively during busy periods through multi-tasking and effective prioritization against needs of business
• Analytical with a strong attention to detail
• A team player, with a strong interest in understanding, and contributing to the performance of, the business as a whole.
• Excellent Microsoft Office skills, in particular Microsoft Excel, PowerPoint and PowerBI
• Ability to support success and timely delivery in a complex, fast moving, multi-disciplinary environment
• Has personal drive and resilience in established and new/changing situations, with the ability to take initiative and prioritise tasks effectively.
• Commercially savvy, bright, energetic and positive with a ‘can do’ attitude

Other

The Fidelis Partnership Ethos

At The Fidelis Partnership, we aim to be different while making a difference.

• We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
• Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
• We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
• We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
• We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.

Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.

Diversity, Equity & Inclusion

Diversity & Inclusion in the workplace

• Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
• We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
• This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for under-represented groups
• We aim to maintain a focus on equal opportunities across all stages of hiring process
• We measure and minimise the pay gap where possible.

Bring Your Whole Self to Work

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.

To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.

The Leader in Bespoke & Specialty insurance