Senior Compliance Analyst (FTC)

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.

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

• Take the lead in maintaining existing company licences and prepare applications for licences 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.
• Represent Compliance on key business projects and support the delivery of external regulatory reporting undertaken by Compliance.
• Analyse Line1 management information, key performance indicators and risk metrics to identify potential indicators which increase Starr’s regulatory exposure.
• Support the delivery of the face‑to‑face UK Compliance Induction training and advise internal stakeholders on the management of potential conflicts.
• Perform a Line2 Compliance review of new and existing binding authority products, review draft complaint final response letters and provide guidance and sign‑off to third‑parties.
• Oversee Delegated Claims Authority (DCA) conduct related performance in liaison with the Line1 Claims team.
• Provide Line2 Compliance advice and independent challenge as part of the product approval process in reviewing fair value assessments, product submissions and customer journey.
• Assist with completing pre‑ and post‑bind sanctions screening checks and advise internal stakeholders on financial crime related queries, including sanctions.
• Ensure compliance owned policies, procedures and risk assessments are maintained and updated.

Experience

• Relevant experience in the insurance industry.
• Familiarity with compliance requirements in the Lloyd’s market.
• Experience 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 written and oral communication skills.
• Relationship building both internal and external.
• Professional business writing and presentation skills.
• Judgement and decision making with sound integrity and confidentiality.
• Analytical thinking to explore and understand trends, opportunities and risks that could affect the business.
• Adaptability of working with various business and reporting tools including Power BI.

Systems & IT

• MS Office – Excel, Visio, Word, PowerPoint and Outlook.

Equal Opportunity Employer

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.