Senior Compliance Analyst – 28808

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

Job summary

A leading company in the insurance sector is seeking a Compliance Officer to support their Risk Management & Compliance Support Department. This role involves advising the business on legal and regulatory obligations, guiding compliance efforts, and ensuring alignment with FCA standards. The ideal candidate will be proactive and possess a deep understanding of the insurance market and regulatory frameworks.

Qualifications

• Understanding of the FCA handbook relevant to insurance intermediaries.
• Experience in a regulated environment, preferably in insurance.

Responsibilities

• Serve as the first contact for compliance queries.
• Guide business in achieving compliance with FCA goals.
• Implement regulatory requirements for Enhanced Scope firms.

Skills

Compliance

Regulatory analysis

Horizon scanning

Project management

Communication

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