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Overview
Grade: 3
Reporting to: Compliance Monitoring Manager
Location: London
The role
This is an exciting opportunity to join a growing compliance function as a Senior Compliance Monitoring Analyst, supporting the Head of Compliance and Compliance Monitoring Manager to enhance and deliver the second line assurance programme and co-ordinate regulatory returns.
Key responsibilities
* Direct support to the Compliance Monitoring Manager in the delivery of the annual Compliance Monitoring plan.
* Oversight and coordination of all IQUW Group Regulatory Returns (e.g., Lloyd's, FCA and PRA).
* Manage the company-wide regulatory returns calendar and work with business owners to ensure timely submissions.
* Carry out monthly monitoring activities, thematic reviews, and testing, including monitoring gifts and hospitality, training, underwriting and claims controls, file checking, and contributing to the ongoing development of these areas.
* Producing and developing reports to inform stakeholders on the outcomes of second line assurance activity, including recording and following up on recommended actions to address any weaknesses identified.
* Promote a culture of compliance by helping to raise awareness of compliance and regulatory matters and encourage adherence to applicable laws and regulations.
* Oversight of all registers associated with monitoring including action logs on central filing systems and the GRC tool.
* Developing and maintaining productive relationships with internal stakeholders.
* Administrative tasks including record keeping.
Other duties
* Assist the Head of Compliance by contributing to management reports on regulatory updates and activity affecting the business, including reports for internal committees.
* Supporting junior members of the Team.
* Ad-hoc projects as determined by the Head of Compliance.
* Attendance at regulatory and legislative change related seminars, webinars, conferences, and market forums as determined by the Compliance Monitoring Manager.
Desired qualifications, skills, and experience
* Solid practical understanding of the UK Regulatory regime and global scheme of regulation. Prior experience of regulatory returns is preferable and familiarity with FCA applications such as RegData.
* Good knowledge of Microsoft Office suite of tools including Word, Excel & PowerPoint.
* Excellent written communication skills to write and respond to emails and other written correspondence professionally and efficiently.
* Strong organisational skills and ability to assist business owners with meeting regulatory deadlines.
* Demonstrate a high level of problem solving and the ability to resolve issues.
* Strong IT, verbal communication, written and presentation skills as well as the ability to communicate complex regulatory issues effectively.
Benefits
* Competitive Benchmarked Salary
* 25 days holiday + bank holidays
* Discretionary bonus scheme
* Employee assistance programme
* Annual holiday buy (up to 3 extra days)
* Salary sacrifice benefits
* Annual benefits reviews
* The option for professional qualifications and study support
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