Associate Compliance Officer - Insurance

Ortolan Group
England, London, City of London
12 Jul 2019
09 Aug 2019
Birgit Berry
Vacancy Type
Solicitors, Barristers, Other, Other
Full Time
Experience Level
Junior Level, Mid Level

Associate Compliance Officer - Insurance
£Market + benefits - Flexible working

Experienced compliance officer with insurance industry and (preferably) a legal background required to join the European arm of this Fortune 500 insurance business. This may suit a qualified lawyer or insurance/financial services compliance professional. An important member of the small but wide-ranging compliance team, the successful candidate will operate across all facets of the compliance function, advising, implementing, reviewing and reporting on insurance, legal and financial regulatory compliance across the business for this diverse and growing company.

We are looking for an exceptional individual with demonstrable experience in general insurance who has gained a good understanding of the compliance requirements of a Lloyds managing agent. You will understand how PRA/FCA and Lloyds regulations impact such a business.

Working within the existing compliance regime, you will be a vital member of the team ensuring the business remains fully compliant with all regulatory requirements while also being in the forefront of innovative and effective compliance processes. These are designed to deliver appropriate levels of assurance while facilitating efficient operations. The remit is broad and will include carrying out routine and on-going compliance monitoring of the business, including claims and underwriting SLAs, licensing, financial sanctions, AML and financial crime, fraud and complaints. You won't just deliver reports, but will be expected to recommend and then oversee the implementation of solutions to identified non-compliant procedures.

As well as project-based work, you will also be responsible for ongoing assurance activity. This will include identifying developments in laws and regulations applicable to the business and ensuring appropriate internal communication of these requirements. You will provide advice internally about the application of internal control policies and assist in the development of appropriate compliance training materials and delivery of training.

A strong compliance background is a given. You must have some previous experience in a similar industry. Ideally you will also have a professional qualification in law, accounting or business. You will have a thorough comprehension of the regulatory regime and compliance mechanisms associated with it. A confident and effective communicator with the demonstrable ability to influence and win the confidence of colleagues and regulators at all levels, you will be comfortable participating in meetings and delivering well written and argued reports. Financially literate, you will have an excellent grasp of data analysis (from both a quantitative and qualitative perspective) and will be able to use this to identify risk areas and trigger points.

The successful candidate can look forward to a rewarding and stimulating career with an international market leader in this sector. They are strong supporters of flexible working and will accommodate all reasonable requirements. You will be expected quickly to engage with decision makers across and outside the business and build and manage those relationships. Capable of working independently and making recommendations which deliver the right outcome every time, you will see this as the obvious next step to progress your career with a major player in the insurance industry.

The position is open now so if this resonates with you, please don't hesitate to get in touch.

By applying for this role, your details will be sent to Ortolan People, who are acting as consultants for the hiring company. Ortolan People are engaged to provide recruitment support in processing applications. We will endeavour to respond to all applicants within three working days. Occasionally for roles with a very high volume of applicants, this may not be possible.

Similar jobs

Similar jobs