JOB DESCRIPTION
Position Title: Compliance Analyst
Reports to: Compliance Officer / Technical
Location: London
Summary of Position:
The role comprises of three key aspects:
- To work with the Compliance team and maintain the Department’s records & administrative requirements
- To monitor & report, as the 2nd Line of defence, on the adherence of the business to the policies, procedures and systems & controls in place to ensure regulatory compliance
- To provide guidance, support & advice to staff and managers on regulatory & compliance matters
Key Responsibilities & Accountabilities:
- Conducts compliance monitoring
- Oversight and administration of licensing requirements
- Assists with regulatory and audit visits
- Maintains the Compliance area of the intranet
- Conducts required regulatory administration, online or manually
- Completes regulatory returns
- Maintains a regulatory Calendar to aid the Team with planning & oversight of key regulatory matters
- Oversight and maintenance of Compliance Registers
- Assist with Compliance projects as required
- Oversight and maintenance of online training facilities
- Adhere to company and regulatory policies, procedures together with mandatory training requirements.
Functional & Behavioural Competencies required:
- Compliance experience gained within the FCA regulated environment and the Lloyd’s market (Ideally)
- Understanding of the FCA's Sourcebooks as applying to Insurance (not essential as training will be given)
- Organisational abilities, with attention to detail.
- Ability to meet deadlines
- Ability to communicate clearly and effectively (both written & verbal)
- Effective interaction with colleagues and staff, with good interpersonal and relationship management skills
- IT skills – MS Word, Excel, Powerpoint
- Personally demonstrate the five BMS values and ensure that team members are aligned with these:
- Accountable
- Entrepreneurial
- Collaborative
- Empowering
- Disciplined