Senior Compliance Analyst (Lloyds Underwriting Agency)
Company: Tony Massenhove Job Ref: SnrCompAnal/TM Start Date: ASAP Hours: Full Time Working Term: Permanent Position Salary: Advised on application
Description:Job Title: Senior Compliance Analyst (Lloyds Underwriting Agency)
Location: London, EC3
Salary: Circa £50,000
Main Purpose of Job:
To support the Director of Risk & Assurance with the responsibilities and functions in relation to compliance for the group. To ensure that any material compliance problems identified are brought to the attention of the Director of Risk and Assurance.
Compliance exception testing, follow up and reporting, (including over-lining, Multi Year Polices, NOCs, re-signings, compliance with franchise guidelines and SPS cessions.)
TOBA: Arrangement, cancellation, recording and replacement of broker Terms of Business Agreements
Provision of advice to underwriters and claims staff, including advice to ensure appropriate wording/insurance documentation.
Advice on preparation of, and compliance testing and signoff of certain Lloyd’s and other regulatory returns (including ATIA (FSL), GAREAT, TRIA, IID, China, India.
Co-ordinate and implement procedures for the receipt, documentation and reporting of complaints and undertake root cause analysis.
Sanction checking, review, follow up and reporting.
Financial crime review, testing and reporting
Broker remuneration reporting
Preparation of conduct risk summary report for the Coverholder Committee
Monitoring Syndicate conduct risk profile
Monitoring and reporting underwriting activities, including NOCs, the issuance of provisional cancellation notices, policy re-signing and contract certainty
Key Technical Skills/Knowledge/Professional Qualifications Required:
Essential - Lloyd’s of London Market experience required in a compliance role. Preferably within an underwriter
Strong IT Skills, ideally with advanced Excel and Word/PowerPoint
Preferred - ACII qualified or progressing towards qualification
Ideally degree educated but not essential