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Compliance Monitoring Analyst

Job Description



Job Title: Compliance Analyst



Ensure the Group`s compliance with all statutory obligations

  • Gain and maintain a full understanding of the Group`s statutory obligations under the Financial Services & Markets Act 2000 and any other worldwide regulatory requirements, including subsequent updates.


Ensuring the Group`s compliance with all regulatory requirements

  • Provision of advice and guidance to the Group companies, business and divisions on a day to day basis.
  • Assist with industry and regulatory projects, disseminating information, and working with the business to implement enhancements/changes as appropriate.
  • Preparation and implementation of policies and procedures to achieve and maintain regulatory compliance.
  • Attend external briefings and market forums to remain up to date with regulatory developments in the General Insurance Sector.
  • Assisting in the preparation of non-financial aspects of regular returns to the FCA.
  • Co?ordination and implementation for the circulation of market intelligence and other regulatory updates throughout the Group.


Executing the Group Compliance Annual Monitoring Plans

  • Assist with the development of the risk based annual Compliance Monitoring Plan.
  • Conduct annual 2LOD monitoring / thematic monitoring reviews, as per the annual plan, and produce reports of findings.
  • Work with the business to implement plans and solutions to those compliance findings.


Ensuring the Group`s 3LOD Internal Audit Plans are achieved

  • Assist the Compliance Manager with the provision of information to the Internal Auditors.
  • Assist the Group business in understanding what needs to be implemented and evidenced in order to close off relevant Audit findings.


Compliance with all Financial Crime and Sanctions responsibilities

  • Review Sanction queries from the business (including conducting necessary research) and report to the Compliance Manager where necessary.
  • Answer day to day business sanctions queries and questions.
  • Increase staff awareness of Financial Crime and Sanctions issues including the distribution of relevant information / publications to the business.


Assisting with the File Review Programme

  • Assisting the Compliance Manager in attending internal file review finding meetings and monitoring of follow-up actions, plans, schedules etc.


ARs, IARs and Introducers

  • Assist in the on-boarding of all new ARs, IARs and Introducers / Overseas Introducers.
  • Assist in the 2LOD monitoring of the above in line with the annual Compliance monitoring plan.


E&O claims, Complaints, Conflicts of Interest and other regulatory issues

  • Identification of emerging issues / Breaches / Complaints / Errors & Omissions, and work with Team members to inform them of such issues, in order that they are suitably addressed and that the relevant registers and files are updated.


Confidentiality, Exclusivity, Terms of Business, New Account and other Business / Legal documentation

  • Assisting in reviewing / agreeing various items of documentation/agreements, and seeking advice where necessary from the Compliance Manager/Director and/or Griffin.
  • Ensuring agreements are in place with all third parties with whom business is conducted.


Overseas Registration

  • Assist in the accumulation of information for and securing renewal of overseas registrations and licences.



  • To assist the Compliance Manager / Director with other relevant activities i.e.
    • Transitioning of 1LOD activities to the business
    • Development of Compliance oversight
    • Assist in larger Compliance project work
    • Annual Compliance Plan activities

Knowledge Required

  • Good knowledge of FCA Handbook rules, including PRIN, SYSC, ICOBS etc.
  • Minimum of 2 years` Compliance and General Insurance experience.
  • Demonstrative experience of working in a 2LOD Compliance function, and whom can execute various oversight responsibilities.

Skills Required – Personal

  • Team player
  • Prioritise and organise own workload to ensure deadlines are met.
  • Proactive and use of initiative.
  • Develop and sustain relationships with management, colleagues across the Group including Third Parties.
  • Strong inter-personal and communication skills.
  • Effective IT skills and good written skills.
  • Effective co-ordination of project-based activities.

Agreed by Employee: Date:

Agreed by Supervisor/Line Manager: Date: