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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 Accountabilities
Support 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 Directors
Work 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 regulators
Take 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 Training
and Competence.
Skills Knowledge and Experience
Candidates with experience within either insurance, financial services or a regulatory environment would be of interest
Knowledge of corporate governance principles and structures
Prior 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 skills
Confident and clear communicator
Well-developed management and organisational skills, able to work with teams across multiple business area
Experience in conducting control testing, drafting reports, and following up on remediation actions.
Complex business/regulatory issue or problem analysis and resolution skills
Analytical and investigative skills, with attention to detail and ability to identify control weaknesses.
Ability to work in a multi-cultural environment