At a Glance
- Tasks: Assist in compliance monitoring, audits, and regulatory updates in a fast-paced environment.
- Company: Join a leading Lloyds Broker with a focus on risk and compliance.
- Benefits: Gain valuable experience in compliance and risk management.
- Other info: Opportunity for career growth in a dynamic and supportive team.
- Why this job: Make a real impact by ensuring compliance and shaping company policies.
- Qualifications: Strong analytical skills and a keen interest in regulatory compliance.
The predicted salary is between 40500 - 49500 £ per year.
- Vacancy Details Compliance Role Lloyds Broker
- Job Type: Permanent
Ref: SJP230855You 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
Compliance Role Lloyds Broker in Chelmsford employer: The Recruiter Specialists
As an Insurance Account Advisor in Billericay, Essex, you will join a dynamic team that values employee growth and development, offering a supportive work culture where your contributions are recognised. With opportunities for networking and professional advancement, this role provides a meaningful career path in the insurance industry, all while enjoying the benefits of working in a vibrant community.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Role Lloyds Broker in Chelmsford
✨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 The Recruiter Specialists looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Role Lloyds Broker in Chelmsford
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 The Recruiter Specialists. 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 The Recruiter Specialists
✨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 The Recruiter Specialists’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
