Compliance Analyst

Posted 25 May 2023
Salary £30000 - £35000 per annum
LocationCity of London
Job type Permanent
Discipline Banking Operations
Contact NameWill Goodman

Job description

My client are a leading Insurance Brokerage firm base in the heart of city. They are currently looking for Compliance Analyst to join them on a permanent basis.

Compliance Analyst Description

To ensure the best interests of our customers are met and regulatory requirements satisfied by

  1. promoting a culture of continual improvement in the quality of the customer experience and those of its Appointed Representatives
  2. implementing and embedding appropriate Policies and Procedures to guide and inform the way we work and promote the right behaviours.
  3. working in partnership with the Business in monitoring and responding to relevant KPIs, new developments - internal or external.
  4. providing pro-active support and constructive advice on compliance and related matters and be seen as a 'Trusted Advisor'

Key Tasks for Compliance Analyst

  1. Review and arrange sign off for new and replacement insurer agreements. Maintain TOBA register and sample check entries.
  2. Collate and prepare information requests from markets and other parties for audits, reviews and approvals.
  3. Monitor security of approved markets and of unrated providers, escalating matters of concern.
  4. Review of new and renewal Delegated Authority Agreements and monitoring adherence to terms and conditions
  5. Conduct due diligence on new producing brokers using REG and /or market available information, arrange agreements and monitor activity.
  6. Assessment and approval of new products, schemes and initiatives in line with agreed Framework
  7. Review and approval of profit share and other agreements, ensuring appropriate client disclosure
  8. Review and update of Standing Data and draft FCA Connect submissions.
  9. Collate and prepare relevant sections of RMAR submissions.
  10. Collate and submit annual return to the Competitions and Markets Authority for Private Motor NCD


  • Company Pension Scheme
  • Private Medical Insurance
  • Income Protection
  • Life Assurance
  • Electric Car Scheme
  • Well-being and Charity Initiatives