Compliance Role Lloyds Broker
Salary: Not specified
Location: Southend on Sea, Essex
Job Type: Permanent
Ref: SJP230855
You 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
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