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- Tasks: Join us in ensuring compliance and managing risks in a dynamic environment.
- Company: Be part of a leading Lloyds Broker committed to excellence and integrity.
- Benefits: Enjoy a permanent role with opportunities for professional growth and development.
- Why this job: Make a real impact by shaping compliance strategies and working closely with industry regulators.
- Qualifications: Ideal for those with a keen interest in compliance and regulatory frameworks.
- Other info: Located in Southend on Sea, this role offers a vibrant work culture.
The predicted salary is between 36000 - 60000 £ per year.
Compliance Role Lloyds Broker
Salary: Not specified
Location: Southend on Sea, Essex
Job Type: Permanent
Ref: SJP230855
You will need to be able to cope with a busy work environment dealing with varied tasks throughout the day.
Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:
Assisting in the company’s compliance duties which include:
- Conduct Compliance monitoring and audits of the significant business processes to provide the business with assurance on FCA regulated business areas.
- Ensure compliance requirements are adhered to.
- Monitor, analyze and communicate new regulatory developments and legislation that affect the business and operation of the company and update department’s working papers as necessary.
- Provide guidance/sign off on financial promotions.
- Understand and implement oversight and audit requirements in accordance with SYSC rules.
- Develop and lead the Compliance Plan as agreed by the Board.
- Embed and communicate Lloyd’s requirements as appropriate.
- To support and assist the AML Officer as required.
- Lead projects and develop plans for implementation.
- Help to develop and create internal policies/procedures.
- Manage the breach register and evidence ‘end to end’ resolutions.
- Assist the Board of Directors to identify, manage and mitigate risks.
- Liaise with the regulators (i.e FCA) or Lloyds in regards to queries or issues.
- Monitor FCA / Lloyd\’s publications and evidence action taken or lessons learned or review completed.
- Facilitating Insurer and client audits or reviews (i.e. Lloyd’s Binders etc).
- Collate data and complete filing of various returns to Lloyd\’s and the FCA as required.
- Attend external training events to enhance own knowledge and/or to assist with future legal/regulatory changes, reporting back to the Board and/or staff as appropriate.
- Reviewing and submitting new clients and insurers for approval
- Preparing the necessary paperwork for approval, conducting sanctions checks & contacting clients and brokers as necessary to obtain outstanding documentation
- Keeping the companies clients & insurers lists up to date
- Reviewing all company procedures & ensuring that these are FCA compliant
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Compliance Role Lloyds Broker employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Role Lloyds Broker
✨Tip Number 1
Familiarise yourself with the FCA regulations and Lloyd's requirements. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work within Lloyd's or similar environments. Attend industry events or webinars to make connections and gain insights that could give you an edge during the hiring process.
✨Tip Number 3
Stay updated on recent regulatory changes and compliance trends. Being able to discuss current events related to compliance during your interview will show that you are proactive and knowledgeable about the industry.
✨Tip Number 4
Prepare to discuss specific examples of how you've handled compliance issues in the past. Having concrete experiences ready to share will illustrate your problem-solving skills and ability to manage compliance effectively.
We think you need these skills to ace Compliance Role Lloyds Broker
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Compliance Role at a Lloyds Broker. Familiarise yourself with compliance monitoring, FCA regulations, and the specific duties mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance, risk management, and regulatory affairs. Use keywords from the job description to demonstrate that you meet the qualifications and can handle the varied tasks outlined.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for this role. Mention your understanding of compliance requirements, your ability to manage audits, and your experience with regulatory bodies like the FCA.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at The Recruiter Ltd
✨Understand Compliance Regulations
Make sure you have a solid grasp of the FCA regulations and Lloyd's requirements. Familiarise yourself with recent changes in legislation that could impact the role, as this will show your proactive approach to compliance.
✨Demonstrate Analytical Skills
Be prepared to discuss how you would monitor and analyse compliance data. Think of examples from your past experience where you've successfully identified issues or implemented improvements in compliance processes.
✨Showcase Project Management Experience
Since the role involves leading projects and developing plans, be ready to share specific instances where you've managed similar tasks. Highlight your ability to coordinate with different teams and stakeholders effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Practice articulating how you would handle breaches or regulatory queries, demonstrating your critical thinking and decision-making abilities.
