Risk & Assurance Officer - London Market Insurance

Job Description

Risk & Assurance Officer

Job Market - Insurance Risk & Compliance

Job Location - London 


Risk & Assurance Officer - About the role

This role plays a key role in assessing the level of compliance and regulatory maturity of my client’s businesses and potential regulatory and client outcome risks. This is accomplished by carrying out risk based monitoring and thematic reviews across the business, identifying and recommending a programme of proportionate risk mitigation across a broad range of business activities. The role requires the role holder to:

Deliver constructive challenge and identifying solutions to address issues that are identified;

Have a strong understanding of the UK’s regulatory regime as it applies to general insurance activities.

Location is flexible for the right candidate

Risk & Assurance Office - Key requirements

The ideal person for this role combines strong technical subject matter expertise, communication, analysis and stakeholder management skills and:

Has previous experience of undertaking a similar compliance monitoring/assurance role ideally in other brokers or insurers, or other areas of financial services. Likely to have 3-5 years compliance monitoring experience;

Is a confident, persuasive and articulate communicator and capable of robust dialogue;

Proven track record in delivering practical and actionable recommendations that are understood, taken on board and delivered by the business;

Strong technical, practical and working knowledge of FCA GI regulation, ideally with London Market and MGA experience, knowledge of other relevant regulation/legislation such as GDPR and IDD are required, and a basic understanding of risk management principles would be beneficial;

Likely to be educated to degree level and ACII or compliance qualification would be an advantage; and,

Enjoys working in a dynamic and changing environment across a wide range of subject matter and business operations and working autonomously and as a member of the team.