Compliance Officer - Assurance - Avencia Consulting : Job Details

Markel

Join our dynamic team in London as a Compliance Officer - Assurance, and play a pivotal role in ensuring regulatory excellence while driving business integrity and trust!

The opportunity:

The role is part of the International Division Compliance function, which is overseen by the Managing Director of Compliance. The team is well-established with operations in multiple countries, managing all insurance activities outside the U.S. This role will report to the Head of Compliance Monitoring on a hybrid working pattern in our London office.

In your role as Compliance Officer - Assurance, you will make a meaningful contribution to the second line compliance oversight. This role provides a great opportunity to develop and grow your career in an exciting and growing business as part of an established compliance team.

What you'll be doing:

• Support and contribute to the development and delivery of the second line assurance plan.

• Conduct thematic reviews to ensure policies, procedures, and internal controls are effectively applied and comply with regulatory requirements.

• Conduct deep dive reviews of the top compliance risks.
• Analysing compliance risk metrics, and data feeds to identify emerging risks. Ensuring these risks are communicated and mitigated effectively.

• Collaborating with internal stakeholders to agree remedial actions arising from the above. Tracking those actions to completion utilising our internal compliance monitoring system.

• Collaborating closely with the wider Compliance team to ensure key processes and emerging changes are considered during reviews.

• Contribute to regular Compliance reports for governing bodies, offering summary updates on control testing, monitoring reviews, and business performance in line with company procedures.

• Keep up to date with regulation - e.g. attend trade body events or use other methods to ensure we are knowledgeable about strategic impacts of developments in the regulatory system.

Our must haves:

• Have prior experience completing compliance thematic and deep dive reviews.

• Have relevant compliance experience in the insurance industry, with a strong understanding of FCA, PRA, Lloyd's, and other international regulators.

• Have the ability to communicate effectively at all levels within the company.

• Have strong writing skills and a good grasp of technology to support and automate processes.

• Have passed or be prepared to complete insurance compliance qualifications relevant to the role. Ongoing development is actively encouraged.

• Possess the initiative to work independently and have the confidence to take responsibility for decisions made, but always to be willing to seek help and guidance where necessary.

• Exhibit a proactive approach to improving processes and consistently seek opportunities to enhance Markel's compliance framework.

• Ability to act with due professional care, demonstrating sound integrity and confidentiality.

• Analytical thinking - investigates and comprehends trends, opportunities, and risks that could impact the business.

Who we are:

Avencia Consulting are an RPO who provide a recruitment service to our clients.

What's in it for you:

• A great starting salary plus annual bonus & strong benefits package…
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy / sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career, and we can provide the support needed to do just that!

Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

We celebrate the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.