Compliance Specialist

Marsh McLennan; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Marsh Re is seeking an experienced Compliance Analyst/Specialist to support the Chief Compliance Officer from their London base. The role is hybrid with a requirement to be in the office at least three days a week, collaborating across UK, Europe, the Middle East and Africa.

You will help oversee policies, procedures, systems, controls and governance to ensure regulatory compliance. The ideal candidate brings strong experience in reinsurance/bror/insurer environments, deep regulatory knowledge

Qualifications

• Proven Compliance experience within the Reinsurance / Insurance industry ideally with a Broker
• Deep understanding of Reinsurance broking business objectives, regulation and risks
• Strong communicator with track record of building relationships
• Broad knowledge of the FCA Handbook – Principles, Rules and Guidelines, including CASS rules
• Ability to undertake detailed investigations or monitoring and report concisely
• Ability to articulate complex concepts simply

Responsibilities

• Work under the direction of the Chief Compliance Officer to provide day to day guidance and support to the business in the UK, Europe, Middle East and Africa
• Support the Chief Compliance Officer on specific activities and projects
• Ensure compliance work meets regulatory requirements and Marsh Re Professional Standards
• Maintain the Marsh Re risk register and records for regulatory breaches, gifts and entertainment, conflicts of interest, enterprise risk management, GDPR, third party payments, approved parties and sanctions
• Provide training on relevant corporate policies and procedures, including MARSH RE Professional Standards

Education

ACII/ICA Diploma

Job description

Company:

Marsh

Description:

Marsh Re are seeking an experienced Compliance Analyst/Specialist from a Reinsurance / Insurance Broker or Insurer background. This role will be based in London. This is a hybrid role that has a requirement of working at least three days a week in the office.

This role will support the Chief Compliance officer to partner with the business to deliver effective oversight and advice, regarding compliance policies, procedures, systems, controls and governance.

We will rely on you to:

• Work under the direction of the Chief Compliance Officer to provide day to day guidance and support to the business in the UK, Europe, Middle East and Africa
• Support the Chief Compliance Officer as and when required on specific activities and projects
• Ensure all compliance work is carried out to the required level of competence as set out by legal and regulatory requirements and Professional Standards policies
• Comply with generally accepted principles of compliance and supporting the strategic and operating requirements of Marsh Re
• Build and maintain effective working relationships with the internal stakeholders
• Review and keep up to date with changes in regulatory, legislative and market practices
• Maintain the Marsh Re risk register
• Assist with and maintain records for; regulatory breaches, gifts and entertainment, conflicts of interest, enterprise risk management, GDPR, third party payments, approved parties andsanctions
• Actively participate in Compliance projects, developing recommendations and action plans related to Compliance and the Professional Standards Programs
• Ensure that, where applicable, MARSH RE UK is aligned to the Compliance and Financial Crime Procedures of Marsh Ltd
• Provide training on relevant corporate policies and procedures, including MARSH RE Professional Standards

What you need to have:

• Proven Compliance experience within the Reinsurance / Insurance industry ideally with a Broker
• A deep understanding / commercial awareness of Reinsurance broking business objectives, the application of regulation and potential risks
• Strong and confident communicator (verbal and written) with a proven track record of building strong and constructive relationships
• Broad and deep knowledge and use of the FCA Handbook – Principles, Rules and Guidelines, including CASS rules
• Ability to undertake detailed investigations or monitoring and report concisely with practical application
• Ability to articulate complex concepts simply

What makes you stand out:

• The ability to promote a culture of integrity, transparency and personal responsibility
• Awareness of key European regulatory laws (such as IDD)
• Knowledge of traditional and non-traditional reinsurance concepts
• University Degree or recognised industry accreditation (for example, ACII/ICA Diploma) an advantage but not essential

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

#Hybrid

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.