Job Summary
The Compliance Analyst role is designed to support the Senior Compliance Officer / Data Compliance Officer to execute the compliance / data protection program and support other colleagues and the Chief Legal & Compliance Officer in applying the framework in IGI Group. This role is based in the London office and will support all aspects of compliance for IGI UK in conjunction with Group Compliance. This role reports into UK Senior Compliance Officer.Job Description
Company Description
IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. The company has a strong financial position, with a financial strength rating of "A-" (Stable) from Standard and Poor's, and an "A" (Stable) rating from A.M. Best. IGI seeks to maintain profitability through prudent risk selection and a diversified business model.
Key Responsibilities
- To provide expertise on a wide range of UK related compliance and data protection matters.
- To support the Senior Compliance Officer in responding proactively to all upcoming UK regulatory changes
- To advise the Company and Group (including relevant Boards / Committees), Group Legal and Compliance, Senior Managers and other key stakeholders on the impact of regulatory changes
- To support, as required, implementation of appropriate responses to any regulatory changes in the UK
- Support the oversight the embedding and evidencing of IGIs compliance with existing key regulatory imperatives including but not limited to SMCR, IDD, GDPR in conjunction with Group Compliance
- Support the maintenance of the IGI UK regulatory library and communicate updates to management and relevant staff including through the provision of scheduled and ad-hoc training as required
- Support the KYC and TOBA process in respect of the UK operation
- Support the sanctions screening process in conjunction with Group Compliance
- Provide technical advice to management, staff and the Board on compliance matters
- Support input to key UK and Group management committees including the Delegated Authority Committee and Product Oversight Group. Involvement in consideration and onboarding of new coverholders, onsite / direct work with Delegated Authorities / Coverholders and development of related management information
- Support the Complaints Management Process in respect of UK originated business, maintain appropriate records and reporting and operate as the primary contact for IGI UK
Key Attributes & Professional Qualifications
- A university degree in Accounting, Finance, Risk Management, Business or law
- Minimum of 2-3 years’ experience in a similar or relevant role preferably in the insurance sector
- Self-starter, capable of working under minimum supervision
- Strong problem-solving ability
- Adept to multi-tasking and meeting deadlines in high-pressure environment Results oriented team player
- Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and develop well-reasoned recommendations
- Strong interpersonal and verbal/written communication skills
- Strong documentation skills to clearly articulate
- Alert disposition
- Adherence to controls and standards
- Dealing with external parties like Auditors, brokers, etc.
- Familiarity with IGI’s internal systems and processes or similar processes at other institutions
- Able to use Word, Excel and PowerPoint proficiently
Personal Characteristics
The successful candidate will demonstrate an ability to work with colleagues across the Group. The organisation is built on a sound governance structure, with good risk management and a focus on transacting profitable business so the successful candidate will feel comfortable operating in a merit based, transparent, dynamic and vibrant organisation with a broad range of nationalities and cultures.
The successful candidate will understand the need to adapt their influencing style to different stakeholders. Charismatic, intellectually rigorous, possessing a good sense of humour and ability to build relationships with empathy are important attributes.
It is critical that the candidate is aligned and acts in accordance with IGI’s values;
Innovative, coming up with solutions
- We listen, consider and endeavour to offer solutions to all our customers
- We encourage our employees to innovate and to come up with new ideas and initiatives
Genuine, authenticity matters
- We are a global team, supporting and collaborating with each other, for the benefit of all our stakeholders
- We celebrate diversity and recognise that each individual is unique, and of value to ourselves and our society
Integrity, remaining true to our employees, customers and stakeholders
- We put our principles into practices, doing only what’s right for our customers, employees and shareholders
- We believe in building relationships, internal and external, based on trust, truths and real collaboration
Benefits
- 15% non-contributory pension contribution
- Corporate benefits including private health insurance with AXA (extends to family), Income Protection cover, Life Insurance, private dental cover, £500 annual health & fitness allowance
- Participation in discretionary annual bonus scheme
- 25 days holiday and a ‘Birthday Day’
