Compliance Officer - London, United Kingdom - Eames Consulting
Description
Great opportunity to join the growing compliance function of this leading re/insurance firm.This role will provide technical support to the business on Lloyd's requirements in relation to contract certainty and tax and regulatory matters pertaining to underwritingand claims activity.
Key Responsibilities:
- Maintain a process to ensure that our contract certainty procedures remain compliant with current market practice
- Ensure that each underwriting team has a contract certainty checklist that reflects the current working practices in their team and accords with market standards.
- Monitor adherence by underwriting teams to contract certainty standards
- Report MI to controls governance group against agreed metrics
- Validate underwriting systems to ensure that contract certainty is being adhered to where bind and quote production is automated.
- Provide advisory role to the business on contract certainty requirements pre and post bind
- Monitor contract certainty processes for quality control by sampling risks written.
- Provide feedback to relevant underwriters on individual risks and agree action required to re mediate any errors found.
- Ensure remediation is followed up
- Prepare and deliver materials on training of contract certainty, both one to and group training sessions.
- Contribute to projects for development of new lines of business or new automated systems to ensure contract certainty is correctly captured at the outset.
- Evaluate effectiveness post implementation
- Provide a regular report to the controls governance group on contract certainty.
- Undertake research and analysis to validate assumptions as necessary
- Establish rapport and coordination with Lloyd's International Regulatory Affairs team
- Monitor tax and regulatory processes for quality control by sampling risks written.
- Provide feedback to relevant underwriters on individual risks and agree action required to remediate any errors found.
- Ensure remediation is followed up
- Prepare and deliver materials on training of tax and regulatory requirements, both one to and group training sessions.
- Contribute to projects for development of new lines of business or new automated systems to ensure tax and regulatory requirements are correctly captured at the outset.
- Evaluate effectiveness post implementation
- Provide a regular report to the controls governance group on tax and regulatory matters
Experience & knowledge required:
- Educated to 'A' level/High School graduate or equivalent
- Professional secretarial qualifications desirable
- Proven Lloyd's insurance and regulatory experience
- Experience of London Market Reform Office best practice guidance
- Experience of working with people across multiple locations
- Strong communication skills, both verbal and written
- Advanced in all Microsoft Office programs.
- Interpersonal skills
- The ability to manage time, meet deadlines and prioritise
- Excellent understanding of organisational processes
- Accurate and numerate
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