Compliance Analyst

MERJE; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A prominent Insurance business in London is seeking a Compliance Analyst to manage insurer agreements and regulate TOBA processes. This role involves ensuring compliance with regulations and working with various teams to enhance operational efficiency. Candidates must have strong analytical skills and a detailed understanding of the insurance industry.

Qualifications

• Proven ability to manage and prioritize tasks effectively.
• Comprehensive understanding of general insurance and financial services.
• Experience with regulatory compliance and audits.

Responsibilities

• Lead the evaluation of insurer and Delegated Authority agreements.
• Monitor and maintain the TOBA register, ensuring compliance.
• Undertake due diligence on potential producing brokers.

Skills

Attention to detail

Analytical skills

Organizational skills

Education

Industry accreditation (CII/ICA)

Job description

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MERJE is collaborating with a prominent Insurance business in the search for a committed Compliance Analyst. As the Compliance Analyst you will lead the evaluation of insurer and Delegated Authority agreements while championing meticulous management of the TOBA Register. Your expertise will enhance the drive for regulatory compliance and streamline operational efficiency.

Key Responsibilities:

• Spearhead the review and secure sign-offs for insurer agreements
• Oversee and maintain the TOBA register, conducting periodic checks
• Monitor and review Delegated Authority Agreements, ensuring adherence to stipulated terms
• Stay updated with regulatory shifts, adjusting client TOBAs and agreements accordingly
• Undertake due diligence on potential producing brokers, establishing and monitoring agreements
• Facilitate information collation for audits, reviews, and approvals
• Engage in profit share and other agreement reviews, emphasizing client transparency
• Contribute to the Annual Compliance Plan delivery and participate in regulatory change projects
• Collaborate closely with Placement, Broking, and Operations Teams to refine TOBA management processes

Requirements:

• Exceptional attention to detail paired with analytical prowess
• Proven organisational skills, adept at managing tasks and prioritising workload
• Comprehensive understanding of general insurance and financial services
• Ability to discern when matters require escalation
• Agility in adapting to evolving priorities and conditions
• Ongoing or completed industry accreditation such as CII/ICA is advantageous, though not mandatory

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful.