Conduct Risk Officer - Insurance

Location
City Of London
Salary
£50000 - £60000 per annum, Benefits: Bonus + Benefits
Posted
12 Aug 2019
Closes
11 Sep 2019
Ref
PM32729
Contact
Paul Miller
Contract Type
Permanent
An insurer that also operates in the Lloyd's market as a Managing Agent is seeking a compliance officer to take the lead on all conduct risk matters.

Key responsibilities include:

  • Assisting with the facilitation of the due diligence, monitoring and auditing of delegated underwriting and delegated claims arrangements as well as the vetting of intermediaries. 
  • Reviewing the Lloyd’s Atlas accounts on a quarterly basis for all Lloyd’s, lead coverholders and assist with the ongoing review of Lloyd’s system-generated tasks. 
  • Performing monthly Dunn & Bradstreet checks via CRM on all third parties. 
  • Ensuring that all correspondence relating to the audits of third parties are accurately recorded within the CRM system and to ensure that this information remains up-to-date. 
  • Running CRM reports on third party statistics for inclusion within the reports produced for the Product Governance and Distribution Committee. 
  • Assisting in the continuing development of the CRM system to ensure that it remains an effective third-party oversight system. 
  • Liaising with the Head of International Compliance to produce Agendas for monthly Compliance meetings. 
  • Circulating market updates and guidance, as necessary, to business units within the company on compliance with regulatory and Lloyd’s requirements. 
  • Providing co-ordination support for internal audit reviews, where required.
  • Completing ad-hoc tasks as requested by the Compliance Officer or Head of International Compliance.
  • Building and maintaining a strong relationship with all business units.
You will:

  • Have experience gained in the compliance / conduct function of a London-market insurance business.
  • Possess strong analytical and written skills.

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