Junior Compliance Analyst

Lockton is a Global Insurance Broker with an enviable record of growth over the last few years. They operate out of multiple territories and have an international branch network. They deal with both retail and wholesale clients and operate a culture that is unique, emanating from the entrepreneurial spirit of its senior management and the flat structure in which the organisation operates.

The business model and the executive team encourage empowerment and visibility, creating a cohesive, professional and focused environment. As a partnership led business, there is more emphasis on collaboration and accountability across all business units.

The business has achieved significant success in recent years with strong organic growth and positive client and employee feedback. The internal culture of the organisation is recognised as a key differentiator and the quality of service delivery is highly rated by clients. In line with this sustained growth, Lockton is looking to fill a position for a Junior Compliance Analyst.

This role is suited to candidates who have a base of experience in compliance within Insurance, which may have been gained from full time employment or an internship/ placement role, who have a keen interest in this field of work and are looking for their next career move with excellent scope for growth and development.

The overall purpose of the role is to provide technical compliance support to the Compliance function and wider Business.

The key areas of responsibility within the role will be:

• To monitor, triage and allocate queries coming into the Compliance inbox.
• To conduct reviews of Lockton IAR’s (and assist Compliance Officers with reviews of AR’s) at intervals and to requirements set out in Company Policies.
• To ensure that Policies owned by Compliance are regularly reviewed to the agreed schedule, updated, re-approved and published.
• To assist the relevant Compliance Officer with reviewing Lockton Products to the agreed schedule.
• To assist the Head of Risk & Compliance with the annual Approved Person Fitness & Propriety Review.
• Under supervision of the relevant Compliance Officer, review and approve financial promotions.
• To issue agreed higher limit Business Principles documents.
• Under supervision of the relevant Compliance Officer, report on and ensure that Rule Breaches are properly resolved and closed on reporting systems.
• To produce monthly and quarterly reporting data for review by the relevant Compliance Officer and ultimately Business Units, including QAFA data.
• To conduct daily regulatory horizon scanning for changes to FCA, Lloyds and LMG regulations, producing summaries of changes and guidance notes for distribution to the business.
• To review FCA standing data annually and make changes to regulated entities data as appropriate using the FCA’s connect system.
• To prepare compliance responses to client RFP’s and other Due Diligence activity.
• To act as administrator for the Compliance Document Library, adding and removing documents as required.
• Other compliance duties as required.

Suitable candidates for the role will have the following key competencies:

• Experience of the insurance industry/London Market/insurance broking
• An insurance qualification would be advantageous
• Able to take responsibility for complex tasks and deliver an agreed outcome to time and within resource constraints
• Able to work within a team, on own initiative and for the team.
• Ability to balance competing objectives, prioritise and ensure that deadlines are met.
• Thorough working knowledge of Microsoft products (Word, Excel, Outlook, Visio).
• Conscientious and self-motivated, with a good eye for detail.
• Positive Attitude
• Excellent interpersonal and communication skills.