POSITION: Senior Compliance Analyst ASSIGNMENT NO: 28808 LOCATION: London Description: Our client is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. They are also a registered Lloyd’s Broker. They have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world. They are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies. Purpose of This Position The purpose of this position is to support the Risk Management & Compliance Support Department (“RMCS”) and Board of Management in advising the business and delivering key legal and regulatory obligations to ensure they continues to meet its legal and regulatory requirements. General Duties and Responsibilities Be a first contact for general compliance queries, to resolve quickly and efficiently Guide and assist the business in delivering the correct outcomes for their clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of MRS-NA BA; the goals of the FCA and the interests of their clients Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments, identifying opportunities to collaborate with the Group businesses and use existing skills and processes wherever possible Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period Help manage the Senior Managers & Certification Regime Framework, support the RMCS team with the implementation of the FCA's rules on Operational Resilience as part of MRS-NA BA's transition to Enhanced Firm status, to ensure that all legal and regulatory obligations are met in a way that is proportionate and conducive to MRS-NA BA's commercial goals Be the subject matter expert, and lead the project to implement the FCA's upcoming rule changes on Non-Financial Misconduct Compile and deliver compliance training to the business (Executive Management included) Draft and maintain policies and procedures following regulatory obligations Help with the oversight and ongoing monitoring of Line One processes, identifying where remediation activity may ensure compliance with internal processes and regulatory obligations, and working with the business to implement these Complete allocated tasks outlined in the Annual Compliance Plan Assist the Head of Risk & Compliance in compiling the Compliance Monitoring Plan. Deliver compliance monitoring reviews (business unit and thematic) Help produce periodical internal reports to Committees of the Board of Management, and KPI monitoring to Group Compliance, and external reports to key stakeholders Assist the team in managing the notification of data incidents and breaches, working with the Data Protection Officer to resolve the same Annually review and where required, update Modern Slavery Act statement Be a coach to help develop other team members; and attend market conferences as required to include Lloyd's, LIIBA, etc. Other Duties & Responsibilities: To embrace and implement the core principles of Continuous Conversations; (Commitments, Feedback and Development) as part of daily activities and with other colleagues In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support) To abide by the policies and procedures of MRS-NA BA Desired Skills & Experience: Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company In-depth understanding of the insurance market and placing process is necessary In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP Excellent interpersonal and communication skills with the ability to influence decision makers Able to research, analyse and interpret regulatory requirements, presenting findings and making recommendations that are both compliant and proportionate to facilitate decision-making Can translate regulatory requirements into proportionate procedures Conscientious, positive attitude and self-motivated, with excellent organisational skills and a good eye for detail Experience with US surplus lines business is preferred but not essential Knowledge of Microsoft products