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
To support the Compliance Monitoring Manager with the delivery of IQUW’s Compliance Monitoring programme including, but not limited to the following;
- 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. For example, monitoring gifts and hospitality, training, underwriting and claims controls, file checking and contributing to the ongoing development of these areas including thematic reviews and deep dives.
- 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. This will include reports for internal committees including the Executive Committee, the Risk and Compliance Committee and the Audit Committee and, where required, internal and external auditors.
- 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
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
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 allow the jobholder to write and respond to emails and other written correspondence in a professional and efficient manner both internally and externally.
- Strong organisational skills and ability 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
Additional Information
- A full job description can be seen here.