Compliance Analyst

CNA Hardy; England; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading specialist commercial insurance provider in the UK is looking for a Compliance Analyst to join their London team. This role will involve assisting the Regulatory Affairs Director with compliance and risk management processes, ensuring adherence to Lloyd's and FCA regulations. Responsibilities include managing compliance issues, monitoring sanctions, and maintaining compliance records. The ideal candidate will have over 5 years of insurance compliance experience. Competitive salary and a dynamic work environment are offered.

Qualifications

• 5+ years insurance compliance experience, with preferred Lloyd's experience.
• Strong understanding of risk management and governance frameworks.
• Demonstrated analytical and problem-solving skills.

Responsibilities

• Assist with day-to-day compliance issues.
• Monitor compliance with UK and international sanctions.
• Help maintain the compliance monitoring framework.

Skills

Business objectives understanding

Analytical skills

Effective communication

Risk management knowledge

Mathematical ability

Job description

We are seeking to hire a Compliance Analyst to join our London team. The role will support the Director of Regulatory Affairs in the provision of compliance and risk management processes and disciplines across the business, and ensure that Hardy's compliance and risk management functions operate effectively in accordance with Lloyds, FCA and PRA regulations.

Responsibilities

• Assist the Head of Regulatory Affairs - International with day-to-day compliance issues across the business
• Help to maintain the Compliance Monitoring framework, to conduct reviews to ensure adherence to company procedures in respect of all areas of business acceptance
• Give compliance support as required to all business units, their teams and independent reviewers including sanctions and licensing advice
• Help to maintain the diary of annual compliance deadlines and ensure that the business meets its obligations in this respect
• Production and regular monitoring of adherence to business deadlines for the Company
• Monitoring of compliance with UK and international sanctions applicable to the Company and reporting of any breaches
• Help to maintain the SMCR framework
• Input into Board and Committee reporting on a quarterly basis
• Undertake delegated underwriting due diligence reviews
• Help to maintain company licences in overseas territories
• Help to maintain all compliance records accurately and efficiently
• Project participation in wider business initiatives where required
• Co‑ordinate horizon scanning of new regulation and legislation across the business
• Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance
• Monitor the Regulatory Affairs team inbox and allocate requests
• Assist with licensing queries from across the business
• May perform additional duties as required

Qualifications

• Demonstrated understanding of business objectives and the market in which we operate
• Intellectual curiosity
• Ability to plan and organise own role effectively
• Understanding of accounting principles
• Mathematical and statistical ability
• Strong understanding of risk management and governance framework and how own role fits into it
• Understanding of underwriting risk, disciplines and processes
• Ability to promote own profile
• Demonstrated analytical and problem‑solving skills
• Effective communication and rapport building skills
• Effective influencing skills
• Ability to be assertive when appropriate
• Ability to use appropriate systems to the technical level required
• Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position
• 5+ years insurance compliance experience, Lloyd's and company market experience preferred
• SMCR experience preferable

About the Company

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd's and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.