Legal & Contingency (L&C), is a Coverholder at Lloyd’s of London. As one of the longest standing legal indemnity providers we have earned a reputation for offering tailored solutions to the UK residential and commercial property market.
Our services include bespoke and online insurance for both standard and complex risks tailored to the needs of solicitors, brokers, developers and lenders. In addition, we deliver specialist real estate insurance that protect financial interests and legal obligations for single-location and multinational portfolios.
And Trust & Probate insurance, designed to address issues arising in estate administration and the distribution of trusts, enabling transactions to complete and assets to be released that might otherwise remain inaccessible.
We are seeking an experienced Compliance professional, looking for the next step in their career.
Our Compliance team is expanding and you’ll report directly to the Director of Legal & Compliance. This is a fantastic opportunity to grow your career, learn, and make a real difference in an established business that continues to thrive. The position offers clear potential for progression, enabling you to develop your skills and advance through increasing levels of responsibility as you demonstrate success and commitment within the business.
The Role
This is a full-time hybrid role for a Compliance Officer based in the City of London. Working closely with the Director of Legal and Compliance, you’ll be part of a small, collaborative team, where your ability to work effectively with colleagues is paramount. The role also offers opportunities to engage and make an impact across the business. You will ensure robust compliance management to a high standard. This position offers exposure to a broad scope of responsibilities, offering excellent opportunities for personal and professional growth.
Main 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
Experience and Competencies
* 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.)
* Excellent organisational skills, attention to detail and analytical skills
* Strong interpersonal skills and initiative, ability to work under pressure and to tight deadlines
* CII or ICA qualifications and knowledge and/or experience in drafting service level agreements and delegated underwriting authorities are desirable
·25 days holiday, building to 30 days with length of service, plus bank holidays
Following successful completion of a probationary period:
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