Regulatory Compliance Specialist

Ascot Group; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Ascot Group in the United Kingdom is seeking a Compliance professional to help implement the Compliance Framework across UK, Bermuda and Guernsey, and assist with the annual Compliance Plan.

You will collaborate with internal teams to update policies, procedures, and controls, perform monitoring and horizon scanning, and support regulatory reporting to Lloyd’s, PRA, FCA, BMA and GFSC. The role emphasizes integrity, proactivity and risk management within Ascot’s One Ascot culture.

Responsibilities

• Confirming systems and controls are in place to ensure Ascot's operations in the UK, Bermuda and Guernsey are compliant with Lloyd's, LIC, PRA, FCA, BMA, GFSC and other regulators' requirements.
• Working with the Compliance Team to support, understand and advise the business in a proactive, open, timely and transparent manner.
• Keeping abreast of regulatory activity across jurisdictions, ensuring all areas meet applicable requirements.
• Reviewing policies, procedures and systems to ensure efficiency and effectiveness.
• Completing internal logs, updating regulatory diary and carrying out administrative tasks.
• Assisting with the design and execution of the annual Compliance Plan and providing regular updates to the Compliance Manager.
• Embedding the Compliance Framework and related systems and controls.
• Providing regular progress updates against the annual plan.
• Assisting with Compliance Monitoring, providing assurance on key risks across various areas.
• Contributing to Horizon Scanning with logs, reports and gap analyses.
• Carrying out SM&CR requirements including drafting the framework and management map updates.
• Drafting governance papers for Board, Committee and other governance bodies.
• Ensuring LIC's Operating Model is complied with and coordinating risk reviews.
• Overseeing Lloyd's Timetable and FCA Returns calendar to ensure timely submissions.
• Maintaining EC compliance via ELR upkeep and related audits.
• Ensuring training on compliance matters is in place and kept up to date.
• Providing support on Compliance projects with cross-functional teams.
• Drafting/updating underwriting authority templates and handling renewals.
• Cooperating with Financial Crime to meet sanction and crime legislation.
• Collaborating with Conduct & Complaints to uphold consumer duties.
• Attending regulatory change seminars and market forums as required.
• Promoting a culture of proactive compliance and strong stakeholder relationships across Ascot.

Job description

Ascot Group in the United Kingdom is seeking a Compliance professional to help implement the Compliance Framework across UK, Bermuda and Guernsey, and assist with the annual Compliance Plan.

You will collaborate with internal teams to update policies, procedures, and controls, perform monitoring and horizon scanning, and support regulatory reporting to Lloyd’s, PRA, FCA, BMA and GFSC. The role emphasizes integrity, proactivity and risk management within Ascot’s One Ascot culture.