Compliance Analyst

POSITION: Compliance Analyst

ASSIGNMENT NO: 28928

LOCATION: Fully RemotePurpose of the Job:

To support the Head of Compliance in ensuring that the company and related entities conform with regulatory requirements and internal policies. The Compliance Analyst will assist the wider Risk and Compliance team in helping the business understand and meet its compliance obligations, and in championing and embedding a culture of good conduct.

This role is ideal for someone with a basic knowledge of regulatory compliance seeking to develop a broad understanding of requirements for a dual-regulated insurer. It offers exposure to a range compliance activities — and the opportunity to learn and develop expertise in FCA and PRA requirements including conduct, financial crime, data protection and SM&CR.

The role will also support the wider risk and compliance function, especially with the onboarding and monitoring of intermediaries.

Principal Accountabilities:

Regulatory Monitoring & Advice:

• Collaborate with the Head of Compliance and business areas to identify, assess and communicate the occurrence and impact of regulatory and legislative changes and work with the business on implementation.
• To support the Head of Compliance with the recording and analysis of management information to identify areas of potential regulatory concern
• Maintain a regulatory change log and assist with gap analyses for business change such as product developments and new products
• Support the Head of Compliance, via compliance monitoring and other methods, adheres to and operates appropriate systems, controls, policies, procedures, processes and training relevant to its business
• To provide compliance support and sign-off of relevant communications, literature as required.
• Provide advisory and project support to areas of the business as required.
• To support with the intermediary onboarding and risk management as required.

Compliance Monitoring, MI & Reporting:

• Conduct monitoring reviews in line with the Compliance Monitoring Plan, including control testing.
• Record and analyse compliance MI to identify areas of potential regulatory concern, including indicators of poor consumer outcomes.
• Prepare Compliance MI and reports for management forums and committees

Knowledge, Skills and Abilities:

• Basic knowledge of the regulatory obligations of a dual-regulated insurer, preferably within insurance or financial services.
• Ability to interpret legal or regulatory requirements and embed them into business processes.
• Strong analytical, organisational, and problem-solving skills.
• Excellent written and verbal communication skills

Qualifications (Desirable):

• Achieved or working towards a relevant compliance-related qualification from an appropriate accredited body, i.e. the CII or CISI