Purpose
 

To develop Lockton’s response to emerging regulatory risk and developments in the regulatory landscape. To be proactive in providing advice, and guidance to the business. To maintain a professional standard that satisfies legal and regulatory requirements and our ethical, moral, and regulatory duties to customers, including the need to treat them fairly and manage conflicts of interest. To contribute to Compliance’s assurance activities that ensure the business has the procedures, skills and tools it needs to deliver services and meet its strategic objectives. To help develop and maintain adequate policies and procedures to ensure compliance with the FCA Handbook across the business, and to provide training and guidance on the regulatory framework.

To provide support to all functions within the Compliance Unit.

Key Tasks and Responsibilities

• Provide day-to-day support to the Compliance Manager and team.

• Conduct monitoring in line with the compliance monitoring plan

• Escalating major issues and/or highlighting where trends exist to the Compliance Manager or Head of Compliance

• Implement best practice strategies and to gain knowledge of office specific business activities.

• Contribute to the overall development of the Compliance function’s strategy

• Drive forward development of Management Information and Business Insights

• Consider the impact of any matters of concern or changes that arise in the business, from our regulators, the insurance market or European Commission.

• Responsible for horizon scanning and identification of emerging regulatory issues

• Ensure Lockton has in place robust and effective procedures to mitigate regulatory risk

• As required, responsible for regulatory submissions via Connect, Gabriel and any other FCA notifications

• Record breaches and complaints, ensuring appropriate records are maintained and lessons learned with corrective actions implemented to prevent future problems.

Candidate requirement

Essential

• A solid understanding of the regulatory framework, particularly SMCR and ICOBS and their application within the business.

• A working knowledge of compliance monitoring

• Ability to identify opportunities for business efficiency, develop and implement internal systems and controls.

• Relevant transferable experience gained from a compliance role

• Ability to build effective and positive business relationships, and deliver solutions to stakeholders

• Ability to be professional and tactful in negotiation – to listen and be influential in achieving objectives

• Proven ability to be flexible and adaptable to an ever-changing environment

• Proven ability in problem solving skills, including the ability to resolve complex issues and devise actionable solutions

• Ability to compile, analyse and interpret management information and data to facilitate decision making

Desirable

• An understanding of or working knowledge of the legal and general principles applicable to insurance

• An understanding of or working knowledge of the nature and structure of the insurance industry

• An understanding of or a working knowledge of the broking process

• An understanding of or a working knowledge of how to mitigate E&O