London | Permanent | £80,000 per annum
Our client being a Lloyd's Syndicate in London is looking for a Compliance Manager to define the compliance framework for syndicates MGA Platform and ensure the company's policies and rules are in line with regulatory and ethical standards
Will be maintaining regulatory compliance oversight of Managing General Agents and Coverholders, including their claims Third Party Administrators, at the onboarding stage and on an ongoing basis thereafter. Setting up and implementing appropriate Compliance Monitoring Programs and developing effective compliance reporting systems for the MGA platforms. Establish areas of reporting, standard quarterly and half yearly reports as required by the FCA and other regional regulators in respect of the licences held. Managing complaints, liaising with claims teams.
Must be a compliance professional with a compliance qualification and/or relevant experience in a similar role/business with a strong knowledge of FCA/compliance regulation and oversees licensing.
Will have commercial awareness and focus on the application of regulation within the insurance broking, MGA platforms and an eagerness to gain syndicate experience.