A market leading Lloyd's Insurance company is seeking a dedicated Compliance Officer to join their team.
This role offers a unique chance to contribute to a leading organisation within the Lloyd’s market, ensuring that operations align with both internal policies and external legal requirements.
Why This Role Stands Out:
- Professional Growth: Engage with a dynamic team and gain exposure to a wide range of compliance activities within the Lloyd’s market.
- Impactful Work: Play a pivotal role in maintaining and implementing compliance policies, ensuring the organisation meets its regulatory obligations.
- Collaborative Environment: Work closely with colleagues at all levels, promoting a compliance-aware culture across the organisation
Key Responsibilities:
- Maintain and implement compliance-owned group policies and procedures.
- Ensure effective compliance practices are adhered to
- Communicate regulatory updates and developments to staff in a timely manner.
- Handle sanctions screening, Know Your Customer (KYC) due diligence checks, and financial crime enquiries.
- Participate in regulatory reviews and compliance monitoring activities.
- Promote a strong compliance culture and ensure adherence to regulatory requirements.
Essential Skills and Experience:
- Proven experience within a Lloyd’s market compliance function.
- Knowledge of general insurance lines of business and relevant regulatory requirements.
- Familiarity with Lloyd’s Principles for doing Business, particularly regarding customer outcomes, financial crime, and culture.
- Understanding of the operating model of Lloyd’s of Europe and associated regulatory obligations.
- Strong communication skills and the ability to collaborate effectively with colleagues at all levels.
Qualifications and Expertise:
- Knowledge of AML/CFT and the impact of sanctions on insurance.
- Experience preparing regulatory returns for Lloyd’s of London and Lloyd’s of Europe.
- Ability to interpret and communicate Lloyd’s Business Timetable requirements and Bulletins.
