The Compliance Assistant reports into the Compliance Officer.
The position of Compliance Assistant will require the successful candidate to perform the following duties:
To assist in ensuring that systems and procedures are in place throughout the Agent and any managed syndicate so as to enable compliance with FSA, Lloyd’s and Statutory requirements.
To conduct relevant compliance and exception report tests.
To assist in the preparation, monitoring and updating on a regular basis a compliance timetable setting out all the relevant regulatory and other reporting deadlines throughout the year.
To assist in ensuring all financial and other regulatory returns, as detailed on the timetable, are submitted to Lloyd’s or other regulatory bodies by the required deadlines.
To assist in ensuring staff at all levels are aware of the relevant regulatory requirements.
To maintain appropriate records, evidencing compliance with regulatory, requirements.
To ensure that the agent’s in-house rules satisfy and conform to regulatory requirements.
To assist in the management of the Agent’s outsourced internal audit function.
To assist in dealing with any policyholder or capital provider complaints.
To assist in the monitoring of with Individual Registration, CPE requirements and FSA Approved Persons regime.
To liaise with Lloyd’s Departments and/or trading associations regarding technical matters in respect of managing agency/syndicate compliance issues.
To encourage standards of excellence and ensure the company complies with best practice wherever appropriate.
To assist in ensuring that appropriate action is taken to address any requirements and recommendations arising from any Lloyd’s review or FSA Risk Assessment Visit.
Assisting the Money Laundering Reporting Officer in ensuring the Agent complies with all money laundering regulations.
To assist with the coordination and collation of the information required as part of the risk management framework from risk category and risk/control owners.
Responsible for the ongoing identification, assessment, mitigation (controlling), monitoring and escalation of the specific risks allocated to you, the execution of controls for those risk and reporting this information to the Risk Category owner.
To undertake such other duties as may be assigned to you within the scope of the role.