Compliance Assistant

ROLE SUMMARY

This role will assist in the day-to-day running of the Compliance Function, whose responsibilities, include:

• Provision of compliance advisory services to the Group
• Compliance assurance monitoring of all business units
• Reporting of regulatory deadlines, compliance timetables and distribution of regulatory information and news as appropriate throughout the business;
• Monitoring & oversight of staff training requirements
• Management of countering financial crime procedures (sanctions, anti-money laundering and anti-bribery and corruption)
• Maintaining compliance records, registers and files
• Liaising effectively and building relationships with all areas of the business and external regulators
• To undertake other appropriate tasks and projects within the Legal and Regulatory department as required

MAIN RESPONSIBILITIES

• To contribute to the management and monitoring of effective, risk-based and commercially pragmatic compliance by all syndicates managed by Chaucer Syndicates Limited (CSL), with regard to UK regulations (PRA and FCA), Lloyd’s, overseas and EU insurance regulations, and international anti-financial crime requirements
• To provide timely & accurate compliance, regulatory & financial crime advice to the business
• To conduct regular compliance monitoring of business activities, and to produce recommendations & reports on findings
• To ensure that CSL meets all regulatory and other deadlines, including alerting and reminding other business areas where required
• To assist in the management of all financial crime matters through the Head of Compliance
• To liaise effectively and build relationships with all areas of the business and external regulators
• To complete regulatory applications, returns and forms as required, and maintain compliance records and files
• To maintain and document appropriate compliance systems and procedures
• To assist in the resolution of customer complaints and ensure accurate reporting of complaints to Lloyd’s and other regulatory authorities as appropriate
• To assist in the provision of training and advice on regulatory and other compliance-related matters as appropriate to all levels of the business
• To manage and monitor compliance with training requirements
• To conduct a weekly review of output from third party sanctions screening software
• To assist in promoting the Compliance function as an added value to the business through training programmes, inductions, external presentations, intranet communications and day to day interaction with staff
• To provide management information for syndicate and board committee reports
• To maintain communication with Lloyd’s for business queries where required, and ensure market updates are communicated in a timely manner to the business
• To undertake other appropriate tasks and participate in other projects within the Risk Department as may be required

REGULATORY RESPONSIBILITIES

• To advise and educate all CSL staff on their Conduct Risk obligations and their duties owed to CSL customers and to co-ordinate the maintenance of policies and procedures which pay due regard to the interests and fair treatment of CSL customers

OUR REQUIREMENTS

RELEVANT EXPERIENCE

Essential

• Relevant compliance assistant experience

Desirable

• Experience of the insurance industry

TECHNICAL SKILLS

Essential

• Intermediate knowledge of Excel, Word and PowerPoint

Desirable

• Good working understanding of Lloyd’s and/or overseas regulatory regimes.
• Good working understanding of the UK Regulatory regimes (PRA / FCA).

EDUCATION AND QUALIFICATIONS

Desirable

• 3 A Levels or equivalent
• Degree/ACII or equivalent

PERSONAL SKILLS

• Professional outlook
• Very good interpersonal skills
• Excellent organisational skills
• Excellent communication skills with the ability to liaise at all levels
• Work as part of a team
• Adapt to a pressured environment
• Self-motivated
• Capable of working to a timetable when required

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.