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Compliance Assistant

Ascot Group

London

On-site

GBP 60,000

Full time

Today

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Job summary

A leading organization in specialty risk underwriting is seeking a Compliance Assistant to join their dynamic team. This role supports the implementation of compliance frameworks across diverse functions in both London and Bermuda, ensuring alignment with regulatory requirements. The ideal candidate will possess strong analytical skills, an eye for detail, and the ability to foster collaborative relationships to promote a culture of compliance within the company.

Qualifications

Entry-level role in Compliance with specific duties in a financial and regulatory context.
Familiarity with regulations from Lloyd's, PRA, FCA, and BMA is beneficial.

Responsibilities

Assist Compliance Manager in executing compliance framework and monitoring activities.
Develop relationships across departments to enhance compliance integration.
Help design and execute the annual Compliance Plan.

Skills

Compliance

Attention to Detail

Analytical Skills

Communication

Relationship Building

Education

Degree in Finance, Law, or related field

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Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job Purpose

To work closely with the Compliance Team in implementing the compliance framework, execute the annual compliance plan, and assist with related compliance activities in London and Bermuda.

The Compliance Assistant will work across departments to proactively develop positive relationships as they help embed the compliance framework and work with the Function to execute the annual compliance plan.

Detailed Duties

Assisting the Compliance Manager with the following:

Reviewing systems and controls that ensure Ascot’s operations in the UK and Bermuda are compliant with all of:

Lloyd’s of London (“Lloyd’s”);
The Prudential Regulatory Authority (“PRA”);
The Financial Conduct Authority (“FCA”);
The Bermudan Monetary Authority (“BMA”); and
Other regulators’ requirements.

Acting as a compliance professional and ensuring the Compliance Team is responsive to and supportive of the business.
Working with the Compliance Team to support, understand and advise the business in a proactive, open and transparent manner, balancing regulatory and commercial requirements.
Reviewing policies, procedures and associated systems and controls to ensure they are working efficiently and effectively.
Completing internal logs and carrying out requisite administrative tasks.

Compliance

Working with the Compliance Team to help embed the compliance framework and all relevant systems and controls.
Assisting with the design and execution of the annual Compliance Plan and providing regular updates to the Compliance Manager about its progress.
Ensuring that training and development regarding compliance matters are in place for all Ascot staff and adhered to (for example in areas such as Conduct Rules, Whistleblowing, Sanctions and Financial Crime, and Business Ethics). Working with the HR department to manage a documented training programme, tailored to meet regulatory requirements.
Employers Liability Register Maintenance & Audit – Supporting the Team on ELTO matters, which includes the annual Ascot’s Employers Liability Register Annual audit process, liaising with external auditors, reviewing policies and any associated remediation.
Assisting with the management of Ascot’s SM&CR framework.
Drafting new / updating existing underwriting authority templates for underwriters and completing the annual renewal process.
Assisting with the design of a compliance monitoring programme to provide assurance and ongoing reporting of key compliance and business risks on a range of issues including:

New broker applications and adherence to credit limits;
Licensing restrictions and international trading requirements;
Ascot’s underwriting authority control and monitoring framework;
The complaints handling processes and procedures; and
Other areas as required by the Senior Compliance Manager.

Culture

Supporting the promotion and development of a culture of proactive compliance within Ascot. Proactively engaging with the business to support and enable growth in a compliant manner across underwriting divisions.
Supporting the development of an open and cooperative relationship with Lloyd’s, the PRA, the FCA, the BMA and other regulatory bodies.
Developing positive relationships with, and working closely with key stakeholders within the Function, with Legal, Risk, Delegated Authority, senior underwriters, their teams and the business.
Maintaining a proactive, positive, and open working relationship with the Compliance Team and the Function.

Reporting And Governance

Assisting with drafting appropriate Board, Committee or other governance papers on compliance or regulatory matters as required. This includes assisting with the provision of papers for the:

AUL Board;
AUL Risk Committee;
AUL Executive Committee;
ABL Executive Committee; and
Any other Board, Committee, governance bodies or meetings as required and directed by the Head of Compliance.

Assisting on any submissions or regulatory returns to Lloyd’s, the FCA or any other regulator as required by the Senior Compliance Manager.
Ensuring relevant regulatory deadlines are entered within Ascot’s Regulatory Diary system and monitored periodically.

Horizon Scanning (UK And Bermuda)

Responsibility for keeping abreast of planned new regulations, legislation and thematic reviews that may impact how Ascot conducts and monitors its business.

Financial Crime

Where required working closely with the Financial Crime Team to help ensure Ascot remains compliant with all appropriate sanction and financial crime legislation.

Conduct & Complaints

Where required working closely with the Conduct & Complaints Team to help ensure Ascot adheres to all relevant conduct risk and consumer duty requirements and continues to place needs of the customer at the heart of Ascot’s business.

Other

Ad-hoc projects as determined by the Senior Compliance Manager or Head of Compliance.
Attending regulatory and legislative change-related seminars, webinars, conferences, and market forums if and when required.

Seniority level

Seniority level
Entry level

Employment type

Employment type
Full-time

Job function

Job function
Finance and Sales
Industries
Insurance

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