Compliance Assistant - Chaucer Group

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.