Purpose To develop Lockton’s response to emerging regulatory risk and developments in the regulatory landscape. To be proactive in providing advice, and guidance to the business. To maintain a professional standard that satisfies legal and regulatory requirements and our ethical, moral, and regulatory duties to customers, including the need to treat them fairly and manage conflicts of interest. To contribute to Compliance’s assurance activities that ensure the business has the procedures, skills and tools it needs to deliver services and meet its strategic objectives. To help develop and maintain adequate policies and procedures to ensure compliance with the FCA Handbook across the business, and to provide training and guidance on the regulatory framework. To provide support to all functions within the Compliance Unit. Key Tasks and Responsibilities Provide day-to-day support to the Compliance Manager and team.Conduct monitoring in line with the compliance monitoring planEscalating major issues and/or highlighting where trends exist to the Compliance Manager or Head of ComplianceImplement best practice strategies and to gain knowledge of office specific business activities.Contribute to the overall development of the Compliance function’s strategyDrive forward development of Management Information and Business InsightsConsider the impact of any matters of concern or changes that arise in the business, from our regulators, the insurance market or European Commission.Responsible for horizon scanning and identification of emerging regulatory issuesEnsure Lockton has in place robust and effective procedures to mitigate regulatory riskAs required, responsible for regulatory submissions via Connect, Gabriel and any other FCA notificationsRecord breaches and complaints, ensuring appropriate records are maintained and lessons learned with corrective actions implemented to prevent future problems.Candidate requirementEssential A solid understanding of the regulatory framework, particularly SMCR and ICOBS and their application within the business.A working knowledge of compliance monitoringAbility to identify opportunities for business efficiency, develop and implement internal systems and controls.Relevant transferable experience gained from a compliance roleAbility to build effective and positive business relationships, and deliver solutions to stakeholdersAbility to be professional and tactful in negotiation – to listen and be influential in achieving objectivesProven ability to be flexible and adaptable to an ever-changing environmentProven ability in problem solving skills, including the ability to resolve complex issues and devise actionable solutionsAbility to compile, analyse and interpret management information and data to facilitate decision making Desirable An understanding of or working knowledge of the legal and general principles applicable to insuranceAn understanding of or working knowledge of the nature and structure of the insurance industryAn understanding of or a working knowledge of the broking processAn understanding of or a working knowledge of how to mitigate E&O
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