Compliance Analyst

HJF Promotional Products; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a compliance professional to manage a variety of compliance, conduct risk, and financial crime matters. In this role, you will ensure regulatory obligations are met while collaborating with Managing General Agents (MGAs). You will be responsible for analyzing risk metrics and presenting compliance information to senior management. This role offers the opportunity to work closely with the Head of Compliance, who will provide support and training. If you have a solid understanding of Consumer Duty and experience in the insurance sector, this position is perfect for you.

Qualifications

• Mindful of regulatory obligations and consumer duty requirements.
• 2+ years of experience in compliance within the insurance sector.

Responsibilities

• Manage consumer duty requirements and queries from MGAs.
• Analyze and present Risk and Compliance MI monthly.

Skills

Compliance Knowledge

Risk Analysis

Financial Crime Awareness

Consumer Duty Understanding

Job description

In this role, you will work on a wide range of compliance, conduct risk, and financial crime matters.

Reporting Into The Head Of Compliance, You Will

1. Take responsibility for consumer duty requirements and queries from MGAs and internally, ensuring regulatory obligations are met.
2. Collate, analyse and present Risk and Compliance MI received from MGAs on a monthly basis.
3. Collate risk metrics from 1st line business areas for risk monitoring and for reporting to Exco and Board.
4. Assist with full due diligence undertaken in the onboarding of new MGAs.
5. Collate MI for regulatory returns.

The Head of Compliance will provide you with support and training on areas you are unfamiliar with, but it is essential that you have an understanding of Consumer Duty and how it relates to an insurance business. You will need at least two years of experience working in a compliance role for an insurance organisation.