Senior Compliance Analyst – 28808

The Emerald Group; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A financial services firm in London is looking for a Compliance Officer to support the Risk Management & Compliance Department. The ideal candidate will have a strong understanding of FCA regulations and insurance markets, ensuring compliance across operations. Responsibilities include guiding business operations to meet regulatory standards and conducting horizon scanning for regulatory changes.

Qualifications

• In-depth understanding of the FCA handbook for insurance intermediaries required.
• Experience in a regulated environment, preferably within insurance.
• Knowledge of US surplus lines business preferred.

Responsibilities

• Serve as the first contact for compliance queries.
• Guide the business toward correct compliance outcomes.
• Conduct regulatory horizon scanning.
• Collaborate with Group businesses on legal developments.

Skills

Compliance management

Regulatory knowledge of FCA

Insurance market knowledge

Horizon scanning

Job description

The purpose of this position is to support the Risk Management & Compliance Support Department (“RMCS”) and MRS-NA BA’s Board of Management in advising the business and delivering key legal and regulatory obligations to ensure MRS-NA BA continues to meet its legal and regulatory requirements.

• Location: London
• Category: Compliance
• Type: Permanent

General Duties and Responsibilities

• Be a first contact for general compliance queries, to resolve quickly and efficiently
• Guide and assist the business in delivering the correct outcomes for their clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of MRS-NA BA; the goals of the FCA and the interests of their clients
• Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change
• Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments, identifying opportunities to collaborate with Group businesses and use existing skills and processes wherever possible
• Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period
• In-depth understanding of the insurance market and placing process is necessary
• In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP
• Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company
• Experience with US surplus lines business is preferred but not essential