An established insurance provider within the Lloyd’s market is seeking a Compliance Officer to join its growing Compliance team. The role involves working closely with the Director of Legal & Compliance to support strong compliance management across the business. This position offers exposure to a broad range of responsibilities within a collaborative team, with opportunities for professional development and career progression.
Key Responsibilities:
* Reviewing all internal policies and procedures.
* Taking part in negotiations and renewals of principal insurer agreements.
* Horizon scanning for regulatory and legislative changes.
* Providing compliance advice to all areas of the business.
* Completing compliance monitoring reviews and underwriting/claims file audits.
* Assisting with the arrangement of business agreements with third parties.
* Being a liaison point for external audits and leading the implementation of findings and recommendations.
* Assisting with Complaints handling and reporting, as well as regulatory submissions to the regulator.
Skills & Experience:
* 3-5 yrs experience in a compliance role within the insurance sector.
* Working knowledge of the FCA handbook and all relevant regulatory requirements (GDPR, IDD, SMCR, Consumer Duty, etc.)
* CII or ICA qualifications and knowledge and/or experience in drafting service level agreements and delegated underwriting authorities are desirable