Compliance Monitoring Assistants
Our ambition is to be the best insurance business in the world and due to our continued growth and investment we are recruiting 2 Compliance Monitoring Assistants to join our growing compliance team
The Compliance Monitoring Analyst will be responsible for supporting the Compliance Team in ensuring Consilium Insurance Brokers and associated Aventum Group companies comply with all relevant regulations and legislation applicable in the general insurance and reinsurance sector through focused monitoring work.
This role will suit an individual who is personable and meticulous, comfortable taking ownership and initiative when working independently and alongside the wider business when needed.
The successful candidate should have a strong understanding of the FCA’s handbook, rules, and guidance applicable to (re)insurance, with particular experience working within a reinsurance or Lloyd’s broker.
Keeping up-to-date with regulatory developments, including FCA and other regulatory (such as data protection) issues and those on the horizon
Assisting in the effective delivery of the firm’s annual compliance plan
Proactively conduct monitoring activities in line with the firm’s annual compliance plan
Assisting in the design and implementation of the firm’s risk management framework
Supporting the Compliance Team in ensuring that the firm’s activities comply at all times with both its internal procedures and FCA requirements
Ensuring the firm’s various compliance registers are maintained
Assisting in the design, drafting, review, and implementation of the firm’s compliance policy documents and procedures. Conduct suitable monitoring to ensure the processes are embedded within the business.
Supporting the effective delivery of the firm’s internal audit function
Assisting in the resolution of complaints received
Supporting in the collation of information for relevant compliance management information
Support in the deliverance of ad hoc thematic monitoring reviews as undertaken by the Compliance Team
Supporting the firm to ensure that adequate records are kept throughout the organisation to demonstrate compliance with FCA requirements and to facilitate regulatory reporting
Ensuring that all staff are aware of, and comply with, the firm’s procedures and all relevant FCA requirements concerning selling practices
Ensuring the firm’s ARs are adequately monitored for compliance
At least 1-2 year’s relevant compliance experience within the (re)insurance and Lloyd’s market. Ideally having worked in a compliance role in a reinsurance or Lloyd’s Broker.
A strong understanding of the FCA’s and Lloyd’s rules and guidance particularly applicable to the (re)insurance sector
A personable individual is key, willing to learn and comfortable working in a diverse, face paced environment
High attention to detail
Preferably educated to A-level standard or equivalent
Good level of IT literacy particularly in Excel and Word
Desirable: Insurance or compliance qualifications e.g. CII, ICA
Headquartered in London, but with offices internationally, Aventum (formerly Direct Insurance Group) is a niche Reinsurance, Underwriting and Wholesale business with key markets in Asia, Ireland, Eastern Europe, Latin America, the Caribbean, United States and the UK. Founded in 1996 as a regional UK-focused retail broker, the Group now operates globally with a team of around 200 skilled professionals. Group premiums are now in excess of $600 million. The Company continues to grow year on year. Within the group, insurance solutions are provided under a number of distinct brands.
Our teams are diverse in nature, reflecting the markets where we do business. Teams are empowered and enabled to make decisions, meaning that the Company remains an agile player in its markets. We are one family of employees that listens and values ideas and innovation. As the business continues to grow, the Company offers outstanding scope to develop and build a rewarding, successful career.
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