Compliance Role Lloyds Broker

The Recruiter Ltd; Southend-on-Sea; On-site; GBP 40,000 - 60,000; Full time

Job summary

A recruitment agency in Southend-on-Sea is seeking a Compliance professional. The role involves conducting audits, ensuring compliance with FCA regulations, and liaising with regulators. The ideal candidate will manage compliance tasks and support the AML Officer, facilitating audits and preparing necessary documentation. Strong experience in compliance monitoring is essential.

Qualifications

• Ability to cope with a busy work environment.
• Experience with compliance monitoring and audits.
• Familiarity with FCA regulations.

Responsibilities

• Conduct compliance monitoring and audits.
• Ensure adherence to compliance requirements.
• Monitor and communicate new regulatory developments.
• Provide sign off on financial promotions.
• Implement oversight and audit requirements.

Job description

Compliance Role Lloyds Broker

Salary: Not specified

Location: Southend on Sea, Essex

Job Type: Permanent

Ref: SJP230855

You will need to be able to cope with a busy work environment dealing with varied tasks throughout the day.

Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:

Assisting in the company’s compliance duties which include:

• Conduct Compliance monitoring and audits of the significant business processes to provide the business with assurance on FCA regulated business areas.
• Ensure compliance requirements are adhered to.
• Monitor, analyze and communicate new regulatory developments and legislation that affect the business and operation of the company and update department’s working papers as necessary.
• Provide guidance/sign off on financial promotions.
• Understand and implement oversight and audit requirements in accordance with SYSC rules.
• Develop and lead the Compliance Plan as agreed by the Board.
• Embed and communicate Lloyd’s requirements as appropriate.
• To support and assist the AML Officer as required.
• Lead projects and develop plans for implementation.
• Help to develop and create internal policies/procedures.
• Manage the breach register and evidence ‘end to end’ resolutions.
• Assist the Board of Directors to identify, manage and mitigate risks.
• Liaise with the regulators (i.e FCA) or Lloyds in regards to queries or issues.
• Monitor FCA / Lloyd's publications and evidence action taken or lessons learned or review completed.
• Facilitating Insurer and client audits or reviews (i.e. Lloyd’s Binders etc).
• Collate data and complete filing of various returns to Lloyd's and the FCA as required.
• Attend external training events to enhance own knowledge and/or to assist with future legal/regulatory changes, reporting back to the Board and/or staff as appropriate.
• Reviewing and submitting new clients and insurers for approval
• Preparing the necessary paperwork for approval, conducting sanctions checks & contacting clients and brokers as necessary to obtain outstanding documentation
• Keeping the companies clients & insurers lists up to date
• Reviewing all company procedures & ensuring that these are FCA compliant