Associate Compliance and Membership Specialist

Lloyd's; Chatham; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance marketplace in Chatham is inviting applications for a position supporting the Senior Manager in Compliance & Oversight. The role includes overseeing corporate membership, handling Anti Money Laundering activities, and ensuring compliance with financial regulations. Ideal candidates will possess strong influencing skills and the ability to analyze complex data. The offer includes hybrid work arrangements and a comprehensive benefits package promoting diversity and employee wellbeing.

Benefits

Generous pension

Healthcare

Wellbeing programmes

Flexible benefits allowance

Employee recognition scheme

Responsibilities

• Responsible for activities relating to corporate membership of Lloyd’s, including on-boarding new members.
• Conduct high risk Anti Money Laundering (AML) and Customer Due Diligence (CDD).
• Monitor business relationships using internal intelligence tools.
• Support the monitoring of suspicious activity concerning Politically Exposed Persons (PEPs).
• Review PEP matches and potential reputational risks for escalation to Financial Crime Management.
• Ensure compliance with financial crime legislation and Lloyd’s Trustee obligations.
• Monitor, maintain and comply with the CIL and FAL release requirements.

Skills

Ability to react to continual changes in market conditions and policies

Ability to build and maintain stakeholder relationships

Influencing & negotiating skills

Ability to support a culture of continuous process improvement

Ability to use IT to analyse complex data

Ability to focus on the detail

Review & evaluation skills

Job description

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

The Role

To support the Senior Manager, Compliance & Oversight in delivering a high quality and efficient service and conform to Lloyd’s compliance arrangements and relevant regulatory framework in respect of Membership of Lloyd’s and associated activities.

Principal Accountabilities

• Responsible for activities relating to corporate membership of Lloyd’s including (but not limited to) on-boarding of new, high risk members and third parties, change in controller and converting members. Make recommendations for rejection/approval as appropriate with evidence of decisions
• To undertake high risk Anti Money Laundering (AML) and Customer Due Diligence (CDD)
• Monitoring business relationships with internal intelligence tools and systems
• Provide support with the monitoring and reporting of members and third parties to Market Services Financial Crime Manager and elevate suspicious activity from overnight screening and transaction monitoring concerning Politically Exposed Persons (PEPs) and sanctioned entities
• Reviewing PEP matches, material negative press issues, potential reputational risks, suspicious and unusual cases appropriately for escalation to Financial Crime Management
• Ensure compliance with Lloyd’s Trustee obligations, financial crime and anti-money laundering legislation
• Monitoring, maintenance and compliance with the CIL and FAL release requirements

Skills

• Ability to react to continual changes in market conditions and policies
• Ability to build and maintain stakeholder relationships
• Influencing & negotiating skills
• Ability to support a culture of continuous process improvement
• Ability to use IT to analyse complex data
• Ability to focus on the detail
• Review & evaluation skills

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy