Compliance Analyst

Liberty Mutual Re; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurer is seeking a Compliance Analyst to manage compliance risks and support compliance functions. The role involves contributing to a compliance monitoring program, analyzing regulatory requirements, and liaising with various stakeholders. The ideal candidate will have relevant qualifications, experience in compliance, and strong analytical and communication skills. A commitment to a vibrant, inclusive workplace is emphasized, along with opportunities for career development.

Benefits

Vibrant and inclusive environment

Career development opportunities

Supportive culture promoting work-life balance

Qualifications

• Experience in Compliance is required.
• A good understanding of the general insurance industry, ideally in the Lloyd’s market.
• Self-led learner with curiosity to develop and apply subject matter expertise.

Responsibilities

• Contribute to compliance monitoring program across LSM businesses.
• Analyze regulatory requirements and provide advice to the business.
• Manage enquiries to the Advisory and Assurance team inbox efficiently.

Skills

Analytical skills

Communication

Problem-solving

Team player

Self-motivated

Education

Relevant professional qualifications

Job description

The Compliance Analyst will play an integral role in the management of LSM’s compliance risks. The individual will work within LSM’s Compliance function and will support the Head of Compliance, members of the Compliance team as well as wider business on various compliance matters.

About the Department & Team:

Vision: To help people to make effective risk based, disciplined decisions doing the right thing

The LSM Compliance Function is a key part of LSM's internal control framework predominantly within the second line of defence, responsible for :

• Providing advice to the LSM governing bodies on compliance with applicable laws and regulations, and providing advice to the business, for example in the form of policies and procedures or written updates, in relation to applicable laws and regulations;
• Assessing the possible impact of any regulatory development on the operations of the business and working with the business with regard to compliance;
• The identification and assessment of compliance risk, and the development and oversight of an appropriate framework to ensure the management of compliance risk;
• Such a framework will include assessing the adequacy of the measures adopted by the business to prevent non-compliance including monitoring to ensure these procedures are being adhered to;
• Ensuring that LSM’s Compliance Strategy is in line with its broader strategic objectives.
• Working closely with Liberty Mutual Group Compliance & Ethics to ensure that the LSM compliance framework is consistent with the framework in place for the Liberty Mutual Group;
• Reporting to the LSM governing bodies in relation to the management of compliance risk including the provision of all relevant management information to allow key decision making to be undertaken;
• For a number of compliance and conduct processes, act as the point of contact for the business for all reporting;
• Working with HR, develop and implement relevant and timely compliance education and training to all LSM colleagues.

Key Responsibilities of the role

• Working as a member of the LSM Compliance Function’s Advisory and Assurance Pillar in undertaking its responsibilities outlined above.
• The Compliance Analyst will contribute to the delivery of an effective compliance monitoring program (included within the Compliance Plan) across LSM businesses and locations including undertaking day-to-day monitoring activities.
• Undertake analysis and interpretation of regulatory requirements, expectations and good market practice as part of formulating and providing advice to the business on regulatory and compliance matters.
• Work closely with the Compliance team and other relevant stakeholders to contribute to change projects in line with agreed deadlines, escalating issues promptly.
• Take ownership for tasks and actions as part of the Compliance regulatory reporting working group and management of general queries received from the business.
• Participating in the delivery of an effective LSM compliance training program
• Provide concise accurate status updates to the Head of Compliance Assurance & Advisory on a regular basis for relevant tasks and initiatives.
• Collaborate effectively with the wider Compliance Pillars to deliver one efficient compliance function to the wider business.
• Managing enquiries to the Advisory and Assurance team inbox accurately and efficiently in line with agreed SLAs.
• Contributing to various team working groups, owning allocated actions and ensuring these are completed within agreed timescales.
• Maintaining all allocated Advisory and Assurance documentation to the appropriate standard, ensuring this is accurate, up to date, correctly stored and regularly reviewed.
• Where required support colleagues and Compliance Management in the oversight and assurance of the wider Compliance Pillars’ frameworks and associated procedures.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements including Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

We are seeking an enthusiastic, solution focused, self-motivated, result oriented individual.

A good understanding of the general insurance industry and ideally the Lloyd’s market is beneficial along with:

• Relevant professional qualifications and strong academic record
• experience in Compliance
• A critical thinker able to demonstrate and evidence the use of analytical skills to support decision making in compliance and financial services.
• First class people skills and a team player with excellent communication.
• Proven experience and track record of solving problems and delivering solutions to the business.
• Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions.
• A self-led learner with curiosity appetite to develop and apply subject matter expertise.
• Able to challenge and be challenged.
• Ability to listen, be flexible, but decisive.
• Pragmatic and principled, not dogmatic.
• Proactive with can do attitude.

About Liberty Specialty Markets (LSM)

Liberty Specialty is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

· Offering a vibrant and inclusive environment and committing to their career development.

· Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.

· Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.

· A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

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