Compliance Specialist

Title:

Compliance Specialist

Company:

Everest Advisors (Uk), Ltd.

Job Category:

Compliance Oversight

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

Excellent opportunity to join a growing Compliance Function as a Compliance Specialist providing expertise on UK regulatory requirements. Working with the wider Everest Compliance Function, the successful candidate will have in depth knowledge of the UK regulatory regime with experience working in the London Market environment.

The role will involve working closely with the Compliance Team based in London. The successful candidate will have experience of managing UK regulatory requirements (i.e. FCA/ PRA/ Lloyd’s), such as regulatory reporting, providing advice and guidance to the business in relation to regulatory expectations, providing challenge to the business in respect of compliance related matters.

The successful candidate will typically have experience working within a similar role with a London Market Insurer, Managing Agent or Managing General Agent.

Role & Responsibilities (include but not limited to):

• A comprehensive understanding of the regulatory requirements applying to a General Insurer operating in the UK (i.e. FCA, PRA, Lloyd’s).

• Preparing regulatory submissions such as the Eligible Complainant Return, Retail Mediation Activities Return (RMAR), Conduct Rules Breach Return, FSCS Fees & Levies, General Insurance Value Measures Return, etc.

• Providing challenge and feedback to the 1st line taking account of UK regulatory expectations, for example in the development of new and existing products, third party delegated arrangements, Conduct MI analysis etc.

• Providing a proactive, professional compliance advisory service to the business as required, identifying and responding to regulatory and legislative change via a proactive regulatory horizon scanning process.

• Assisting with the interpretation and implementation of new or amended regulation, legislation or codes of conduct with impacted business teams.

• Supporting the Compliance Function in testing compliance of the company with applicable laws and regulations through completion of assurance monitoring reviews and other second line processes, in line with the annual compliance function plan.

• Collaborate with a variety of business areas and stakeholders with a view to embedding a robust risk and compliance culture.

• Ability to proficiently manage and report on complaints in line with UK regulatory obligations and Lloyd’s rules. 

Knowledge, Skills & Competencies:

• Strong understanding of the regulatory framework required for UK Insurance Business.

• Proven experience operating in a second line function in a London Market Insurer, Managing Agent or Managing General Agent with a good understanding of the UK regulatory framework.

• Ability to organise and prioritise workloads appropriately, with strong attention to detail, and show determination and flexibility to deliver to challenging deadlines.

• Ability to communicate effectively with colleagues at all levels, up to and including Senior Executives, and build effective working relationships across the business.

• Cross-functional teamwork and collaboration skills are integral to the position.

Our Culture 

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type:

Regular

Time Type:

Full time

Primary Location:

London

Additional Locations: