Compliance Officer - Assurance

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

Job summary

A leading insurance provider in Greater London is seeking a Compliance Officer to enhance compliance oversight. The role involves supporting compliance plan development, conducting thematic reviews, and collaborating with internal stakeholders. Candidates should have prior compliance experience in the insurance industry, strong communication skills, and a proactive approach to improving processes. This position offers opportunities for career development with a comprehensive benefits package and a supportive team environment.

Benefits

Annual bonus

25 days paid holiday

Comprehensive benefits package

Qualifications

• Prior experience in compliance reviews in the insurance sector.
• Knowledge of FCA, PRA, Lloyd's, and international regulations.
• Initiative to work independently and confidence in decision-making.

Responsibilities

• Support the development and delivery of assurance plans.
• Conduct thematic reviews and ensure compliance with regulations.
• Collaborate with stakeholders on compliance actions.

Skills

Compliance thematic and monitoring reviews

Communication skills

Writing skills

Analytical thinking

Education

Insurance compliance qualifications

Job description

Looking for a role that will have a meaningful impact on compliance oversight? We are looking for an individual to support and contribute to the development and delivery of the second line assurance plan.

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity

The role is part of the International Division Compliance function, which is overseen by the Chief Compliance Officer. The team is well-established with operations in multiple countries, managing all of Markel’s insurance activities outside the U.S. This role will report to the Head of Compliance Monitoring.

In your role as Compliance Officer – Assurance, you will make a meaningful contribution to Markel’s second line compliance oversight. This role provides a great opportunity to develop and grow your career in an exciting and growing business as part of an established compliance team.

What you’ll be doing

• Support and contribute to the development and delivery of the second line assurance plan.
• Conduct thematic reviews to ensure policies, procedures, and internal controls are effectively applied and comply with regulatory requirements.
• Conduct monitoring reviews of the top compliance risks.
• Analysing compliance risk metrics, and data feeds to identify emerging risks. Ensuring these risks are communicated and mitigated effectively.
• Collaborating with internal stakeholders to agree remedial actions arising from the above. Tracking those actions to completion utilising our internal compliance monitoring system.
• Collaborating closely with the wider Compliance team to ensure key processes and emerging changes are considered during reviews.
• Contribute to regular Compliance reports for governing bodies, offering summary updates on control testing, monitoring reviews, and business performance in line with company procedures.
• Keep up to date with regulation – e.g. attend trade body events or use other methods to ensure we are knowledgeable about strategic impacts of developments in the regulatory system.

Our must-haves

• Have prior experience completing compliance thematic and monitoring reviews.
• Have relevant compliance experience in the insurance industry, with a strong understanding of FCA, PRA, Lloyd's, and other international regulators.
• Have the ability to communicate effectively at all levels within the company.
• Have strong writing skills and a good grasp of technology to support and automate processes.
• Have passed or be prepared to complete insurance compliance qualifications relevant to the role. Ongoing development is actively encouraged.
• Possess the initiative to work independently and have the confidence to take responsibility for decisions made, but always to be willing to seek help and guidance where necessary.
• Exhibit a proactive approach to improving processes and consistently seek opportunities to enhance Markel’s compliance framework.
• Ability to act with due professional care, demonstrating sound integrity and confidentiality.
• Analytical thinking – investigates and comprehends trends, opportunities, and risks that could impact the business.

Who we are

Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.

What’s in it for you

• A great starting salary plus annual bonus & strong benefits package…
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

#LI-DJ1

#LI-Hybrid #PlayYourPartUK