Senior Compliance Analyst
LimitedRenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
About RenaissanceRe’s London Operations
RenaissanceRe’s operations in London centre around two main entities, RenaissanceRe Syndicate Management Limited and the UK Branch of RenaissanceRe Europe AG. RenaissanceRe Syndicate Management is the Managing Agent of RenaissanceRe Syndicate 1458 at Lloyd’s and writes a mix of insurance and reinsurance business. RenaissanceRe Europe AG is a Swiss reinsurance company. The UK Branch of RenaissanceRe Europe AG writes reinsurance business primarily sourced from London market and European clients.
We’re experts in Property, Casualty, Specialty, and Credit insurance, and we are consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose – we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About the Position
Reporting to the VP, Senior Compliance Manager, the Senior Compliance Analyst will provide compliance support in a wide variety of areas, with a focus on Conduct Risk and insurance regulation and requirements as set out by Lloyd’s and the FCA. You will be part of the Legal, Regulatory & Compliance team and work closely with the Underwriters, Claims and Delegated Authority teams.
Key Responsibilities
To have responsibility for monitoring developments in insurance regulation from both Lloyd’s and the FCA.
To assist with maintaining and enhancing the Conduct Risk Framework in place, including Conduct Risk Management Information.
To have ownership of the Lloyd’s Insurance Company Secondee processes in place for RenaissanceRe Syndicate Management.
To assist with the co-ordination of the Lloyd’s Principles self-assessment and submission.
To assist in executing the compliance testing plan.
To provide advice and guidance to the Underwriters, Claims and Delegated Authority teams on Lloyd’s specific requirements.
Candidate Qualifications:
Good knowledge of Lloyd’s requirements, in particular relating to Conduct Risk and Delegated Authority.
A minimum of 3 years’ experience working in a Compliance team for a company operating in the Lloyd’s market such as a Managing agent, Coverholder or Broker.
Previous experience of performing compliance testing.
We believe that meeting these requirements will position you for success in the role. However, if you fulfil most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, colour, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.