Compliance Officer- Compliance
Miller Insurance Services LLP, City of Westminster
Compliance Officer- Compliance
Salary not available. View on company website.
Miller Insurance Services LLP, City of Westminster
- Full time
- Permanent
- Onsite working
Posted today, 17 Oct | Get your application in now to be one of the first to apply.
Closing date: Closing date not specified
job Ref: d5c7424f45c8489c94a55a85ab4e5aab
Full Job Description
- Contribute to the delivery of Miller's compliance monitoring plan, and responsibility for ensuring regular compliance monitoring reviews are conducted on time.
- Support the Compliance Officer in undertaking and coordinating compliance monitoring activities across Miller, its subsidiaries and Appointed Representatives.
- Assess the quality of first line of defence file reviews by undertaking sample second line of defence file reviews.
- Develop and review management information feeds and dashboards to assess trends in regulatory performance and regulatory risk profiles across Miller.
- Conduct in-depth investigations to identify key issues and root causes.
- Produce regular compliance monitoring reports and dashboards in a timely manner, which provide Senior Management and the Compliance Committee with an understanding of regulatory performance across Miller and the on-going ability of Miller to manage or mitigate existing and developing regulatory risks.
- Recommend actions to Senior Management and the Compliance Committee to address issues identified by compliance monitoring, and track their completion.
- Liaise and work with business units to understand the regulatory risk profiles of their business and activities.
- Keep abreast of changes to applicable regulatory and legislative requirements, and work with other areas of the Compliance team to incorporate these into Miller's compliance monitoring framework.
- Contribute to wider compliance function projects, as necessary.
- Consider and assist in the identification of compliance monitoring process enhancements.
- Adhere to and meet the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the Compliance, Legal and Financial Crime related legislation and regulations which apply to Miller.
- Performing assigned responsibilities as delegated routinely or from time to time.
- Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd's byelaws and FCA rules.
- Promote Miller brand and values to enhance Miller's reputation in the market
GCSE English and Maths at grade C or above (or equivalent) - CII qualifications desirable, but not essential, An understanding of the insurance industry, particularly insurance broking, the regulatory environment within which Miller operates and the regulatory requirements it must meet., Experience working in a financial services compliance monitoring or internal audit role.
- Experience in a similar role in an insurance broking firm desirable.
- Strong report writing skills and experience producing reports using Microsoft Word and Excel.
On top of a competitive salary we offer a fantastic benefits package including: - 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
- Private Medical Insurance
- Medicare cash plan
- Minimum of 25 days annual leave (with flexibility to buy more)
- Life Assurance
- Income Protection
- Critical Illness cover
- Enhanced Maternity, Paternity Adoption and Shared Parental Leave
- Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.