Senior Compliance Analyst - Insurance

EMEA Legal | in-house legal recruitment; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading reinsurance business is seeking a Senior Compliance Analyst to manage conduct risk matters within their Legal and Compliance team. This role offers professional growth, impactful work, and diverse responsibilities in a dynamic environment. Candidates should have strong knowledge of Lloyd's requirements and experience in compliance. Apply now to make a significant impact in your career.

Qualifications

• Strong knowledge of Lloyd's requirements relating to Conduct Risk.
• Extensive experience with binding authorities and delegated claims administrators.

Responsibilities

• Manage and delegate conduct risk matters for the Legal and Compliance team.
• Prepare the Annual Consumer Duty report for the Board.
• Provide training on Conduct Risk to the business and Senior Management.

Skills

Conduct Risk

Compliance

Regulatory Development

Education

2-4 years experience in Compliance

Job description

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Director at EMEA Legal in-house legal recruitment with 20+ yrs experience on hiring talented In-House Lawyers in Dublin, London, mainland EU and The…

Our client is a leading reinsurance business in search of a Senior Compliance Analyst to manage and delegate conduct risk matters for the Legal and Compliance team. This opportunity will elevate your career with a prestigious reinsurer with a dynamic team that combines data, experience, and technology to excel in Property, Casualty, Specialty, and Credit reinsurance.

Why This Role Stands Out:

– Professional Growth: Collaborate with seasoned professionals in the Legal, Regulatory & Compliance team, and work closely with the Delegated Authority and Claims teams, as well as Underwriters.

– Impactful Work: Play a crucial role in shaping and maintaining the Conduct Risk Framework, ensuring the syndicate adheres to key regulatory developments.

– Diverse Responsibilities: From product risk assessments to complaints handling, this role offers a broad spectrum of tasks that will keep you engaged and challenged.

– Leadership and Training: Provide training on Conduct Risk to the business and Senior Management, and act as a Customer Champion within the syndicate.

– Strategic Influence: Prepare the Annual Consumer Duty report for the Board and act as the Secretary to the Customer Review Committee.

Key Responsibilities:

– Perform product risk assessments for the syndicate’s portfolio.

– Monitor key regulatory developments relating to Conduct Risk and manage any impact on the syndicate.

– Maintain and enhance the Conduct Risk Framework.

– Develop and enhance Conduct Risk Management Information.

– Handle complaints for the syndicate.

– Provide training on Conduct Risk to the business and Senior Management.

– Act as a Customer Champion and consider customer outcomes in collaboration with Underwriting, Claims, Legal, and other functions.

– Prepare the Annual Consumer Duty report for the Board.

– Manage Lloyd’s Insurance Company Secondee processes for the syndicate.

– Serve as Secretary to the Customer Review Committee, maintaining papers and minutes.

– Work closely with the Delegated Authority team, managing queries and referrals relating to Conduct Risk, the Insurance Distribution Directive, Licensing, and binding authorities.

Candidate Qualifications:

– Strong knowledge of Lloyd’s and Lloyd’s Insurance Company requirements relating to Conduct Risk and the Consumer Duty with ideally 2-4yrs experience (will consider someone more senior).

– Extensive experience with binding authorities and delegated claims administrators.

– Significant experience within a Compliance or Conduct Risk team in a Managing Agent or UK insurer.

Seize this chance to make a significant impact in a role that offers both professional growth and the opportunity to work with a highly regarded reinsurer. Apply now to [e-mail] to embark on a rewarding career journey.

For further information, please contact Liam Taaffe at EMEA Legal Recruitment

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Finance, and Legal

• Industries

  Insurance and Financial Services

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