Senior Compliance Analyst

The role
The candidate will support the Head of Compliance, and the compliance team to deliver, maintain and help comply with Davies Insurance Services regulatory compliance framework and oversee the Intermediary Services’ network of Appointed Representatives. The role will also cover the oversight of the global Insurance Services entities acting as a group oversight function.
Key responsibilities
Assisting with the implementation and monitoring of the Davies Insurance Services’ (DIS) Compliance Monitoring Plan (CMP)
Assisting with regular oversight of the DIS’ existing and growing network of Appointed Representatives (AR’s)
Support the Head of Compliance and team with all acquired businesses within Insurance Services Compliance
Support the Compliance Manager with the day to day running of the team and any required ad-hoc tasks
Assist with the launch of new AR’s undertake due diligence, review policies and procedures and assist with the updating of DIS internal policies and procedures.
Making applications on the FCA’s Connect system and assisting with the administration of the regulatory RMAR reporting.
Review financial promotions in line with ICOBS rules and review customer journeys for ARs in the launch phase. Have a proactive approach to help and support the Head of Compliance, and team.
Assisting the compliance team to undertaking relevant due diligence on new clients and undertake compliance monitoring visits.
Assist with preparing board reports for each AR and DIS compliance board meetings, Group Risk & Governance Board; Review Insurer audit reports and draw recommended remedial actions to the AR.
Understand the IDD requirements and ensure all AR’s who fall in scope adhere to this important requirement.
Review Conduct risk reporting forms, assist with risk framework and have a robust approach to compliance monitoring whilst responsible for allocated ARs and working as a team to support entire client AR estate.
Fundamental requirement is to work closely with the entire team and to support one another.
To work closely with the Head of Compliance, Compliance Manager, Compliance team, CEO Intermediary Services, CEO Insurance Services, Finance Director, other controlled function Directors, Head of Legal, Legal Counsel, Head of Client Solutions
To build strong relationships with the key stakeholders, including CEO’s, Directors, and Managers of DIS’ Appointed Representatives. To work closely with the FCA, FOS, Lloyd of London, PRA, FSCS, CII and other useful organisations such as MGAA and BIBA
To also help with the provision of compliance oversight support across our captive management business.
Key skills and experience required.
The candidate should have circa 4 years’ work experience preferably in a compliance function within the general insurance sector.
The Candidate should understand regulatory rules and how changes affect the wholesale and retail market (retail market would be preferable).
The candidate should be willing to learn, can work on different tasks in a fast-moving environment and have a keen interest in compliance or regulation.
The candidate should show a positive, can-do attitude and exhibit the right behaviours and live the firms values to help foster a supportive, continuous learning team environment.
The candidate should have experience of supporting, training, developing and providing timely feedback and direction to wider individuals within a team.
The candidate should have experience in reviewing financial promotions and have a sound understanding of the appointed representative model.
Ideally working towards, or having a passion to work towards, a relevant qualification such as the Chartered Insurance Institute (CII) qualification would be preferable.