Officer, Compliance & Regulatory Affairs

AXA; City of Westminster; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading global insurance firm in Westminster is looking for a Compliance professional to assist in maintaining a robust compliance framework and managing regulatory relationships. Key responsibilities include drafting policies, providing compliance advice, and preparing regulatory returns. The ideal candidate has experience in insurance compliance, excellent analytical skills, and an ability to work collaboratively. This role offers supportive diversity initiatives and flexible working arrangements.

Benefits

Five Business Resource Groups for inclusion

Robust support for Flexible Working Arrangements

Enhanced family-friendly leave benefits

Qualifications

• Experience of working in an insurance, compliance or regulatory environment.
• Ability to identify potential issues and work through resolution.
• Good attention to detail and excellent analytical skills.

Responsibilities

• Assist Compliance team in overseeing policies and procedures.
• Manage regulatory relationships and prepare for visits.
• Draft and update compliance training presentations.
• Prepare regulatory returns and applications.

Skills

Experience in insurance, compliance, or regulatory environment

Knowledge of the Lloyd's and London Market

Ability to work collaboratively

Ability to prioritize workloads

Strong communication skills

Attention to detail

Excellent analytical skills

Education

CII qualification (or studying for)

Job description

Job Responsibilities

• Assist the Compliance team in establishing and maintaining a robust compliance framework (including the oversight of corresponding policies and procedures) which allows AXA XL's to comply with FCA, PRA and Lloyd's requirements.
• Assist the Compliance team in managing AXA XL's regulatory relationships e.g. FCA, PRA, Lloyd's and overseas regulatory authorities including preparing for and assisting in regulatory visits, attending regulatory meetings and reporting back to more senior members of the Compliance team and liaising with regulators directly to resolve minor issues.
• Ownership of elements of the Lloyd's Principles for Doing Business review and attestation process.
• Liaising with the business owners to ensure AXA XL is able to demonstrate compliance with the Lloyd's Principles for Doing Business.
• Dealing with more complex licensing queries as subject matter expert and escalating as appropriate and involving other members of the Compliance or Legal Departments as appropriate.
• With limited assistance from senior members of the team provide compliance advice to the business, which will involve knowledge and familiarisation with all relevant legislation and regulation. The provision of compliance advice will include drafting policies and procedures, providing written advice, and face to face advice.
• Drafting and updating compliance training presentations as well as delivering parts of the compliance training plan for the legal entities.
• Participate in the maintenance of legal entity documentation including department and business policies and procedures, taking specific ownership of certain policies and procedures and proactively managing any necessary reviews of these policies.
• Take responsibility for preparing certain regulatory returns.
• Taking ownership of routine regulatory applications with limited input and guidance from other members of the Compliance team and overseeing more junior members of the team's work on these applications.

You will report to the Manager, Compliance & Regulatory Affairs.

Qualifications

• Experience of working in an insurance, compliance or regulatory environment.
• Knowledge of the Lloyd's and London Market.
• Ability to work collaboratively with colleagues, both within Compliance and the wider business.
• Able to prioritise competing workloads and work independently on tasks.
• Ability to identify potential issues for discussion with Senior Management and work through issue resolution.
• An ability to communicate at all levels in the organisation with confidence and clarity.
• Good attention to detail.
• Excellent analytical skills.
• Proactive and approachable.
• CII qualification (or studying for) is desirable but not essential.

Benefits

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements.
• Enhanced family‑friendly leave benefits.
• Named to the Diversity Best Practices Index.
• Signatory to the UK Women in Finance Charter.

Equal Employment Opportunity

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. It's about helping one another - and our business - to move forward and succeed.

AXA XL is an Equal Opportunity Employer.