A leading international Insurance Broker is looking for an experienced Compliance Monitoring professional to help drive forward the compliance monitoring programme. The role requires a detailed understanding of the FCA’s handbook as it relates to insurance. In addition an understanding of the Lloyd’s Code of Conduct would be useful. Experience in interpreting regulations, and in designing testing approaches will also be essential. Finally the job holder will need excellent organisation skills and great written communication skills to prepare reports from their testing outcomes. The job holder will need to be able to work well with colleagues across a variety of business areas with the support of the Compliance team.
Role responsibilities
Working with the Head of to devise the risk-based annual compliance monitoring plan for approval by the Board, with reference to the FCA Handbook and Lloyd’s Code of Conduct.
To execute the compliance monitoring plan, planning reviews, conducting testing, analysing results and drawing conclusions.
To prepare clear reporting of testing results for management and summary reporting of results for the CRO.
To work as part of a team, sharing practices and insights across the team.
To coordinate the annual regulatory risk assessment.
Key requirements
2 years’ experience of performing compliance monitoring within a financial services environment.
Ability to interpret regulatory requirements and translate them into a practical test plan.
Self motivated to complete testing efficiently, accurately and to schedule.
Great interpersonal and influencing skills as you’ll be working with many different teams.
Ability to analyse data and draw meaningful conclusions from testing.
Ability to write coherent and insightful reporting, focusing on the ‘so what’ of test outcomes.
Confidence to make recommendation for improvements in controls.
Collaborative, knowledgeable and approachable.
This role may also be suitable for candidates that have an internal audit background.
