Compliance Officer

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.Lloyd’s Europe (also known as Lloyd’s Insurance Company) is currently recruiting for a Compliance Officer. You will be supporting the Chief Compliance Officer and their direct reports in ensuring that LIC and its European branch network has effective systems and controls to comply with applicable regulatory requirements. This includes oversight of key areas such as outsourcing, data protection and financial crime prevention (with a strong focus on Sanctions). A core focus of the role is on monitoring and testing activities (designing and executing compliance reviews, testing control effectiveness and contributing to the continuous improvement of LIC’s Compliance oversight).Principal AccountabilitiesSupport the development, delivery and implementation of Lloyd’s Europe’ strategy for the management and mitigation of compliance risks.Actively contribute to the delivery of the Compliance plan as yearly approved by LIC Board of DirectorsWork in partnership with Lloyd’s Europe branch office colleagues to ensure compliance in the branch offices.Support the Chief Compliance Officer and his/her direct reports in his/her oversight, challenge, advice, escalation and reporting activities; liaising with other colleagues working in independent functions and with Managers and team members in the 1st LoD.Promote and engender a strong compliance culture throughout the organisation through the drafting of Compliance Communications and updates.Monitor the company’s adherence to policies to provide assurance that Company is compliant with Solvency II, Belgian, EU and – when applicable - UK regulations the latter in close interaction and support with the LIC UK Branch Compliance Manager and the Corporation of Lloyd’s Compliance Team).Lead and execute compliance monitoring reviews and thematic audits to assess adherence to regulatory requirements and internal policies.Collaborate with the Internal Audit and Risk functions to ensure alignment and avoid duplication in assurance activities.Analyse findings from monitoring activities and prepare clear, actionable reports for senior managements and regulatorsTake ownership as required in the development of policies to address applicable regulatory requirements.Identify, monitor, assess and manage compliance risks and requirements including, for example, in respect of external reporting, outsourcing and of GDPR.Act as a centre of expertise in sharing knowledge of requirements and compliance risk and, where appropriate, delivering appropriate training to management and staff.Promote and engender a strong compliance culture throughout the organisation through the drafting of Compliance Communications and updates.Handle timely and duly any compliance-related queries relating to NBB and FSMA Conduct of Business Rules, Money Laundering, Sanctions, Complaints, whistleblowing and Trainingand Competence.Skills Knowledge And ExperienceCandidates with experience within either insurance, financial services or a regulatory environment would be of interestKnowledge of corporate governance principles and structuresPrior experience in Audit or Compliance within Financial Services or Insurance (in a role that involved ensuring compliance with relevant Belgian or EU regulatory requirements)Analytical, with reasoning and problem solving skillsConfident and clear communicatorWell-developed management and organisational skills, able to work with teams across multiple business areaExperience in conducting control testing, drafting reports, and following up on remediation actions.Complex business/regulatory issue or problem analysis and resolution skillsAnalytical and investigative skills, with attention to detail and ability to identify control weaknesses.Ability to work in a multi-cultural environmentDiversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.Should you require any additional support with your application, or any adjustments, please click the following link;https://cleartalents.com/apply/lloyds-msa1645695881Please note, clicking on this link does not register your application for the vacancy