Senior Compliance Analyst (12-month FTC) - 28809

The purpose of this position is to support the Risk Management & Compliance Support Department ("RMCS") and MRS-NA BA's Board of Management in advising the business and delivering key legal and regulatory obligations to ensure MRS-NA BA continues to meet its legal and regulatory requirements.

• Location: London
• Category: Compliance
• Type: Fixed Term

General Duties and Responsibilities:

• Be a first contact for general compliance queries, to resolve quickly and efficiently
• Guide and assist the business in delivering the correct outcomes for their clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of MRS-NA BA; the goals of the FCA and the interests of their clients
• Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change
• Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments, identifying opportunities to collaborate with the Group businesses and use existing skills and processes wherever possible
• Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period
• In-depth understanding of the insurance market and placing process is necessary
• In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP
• Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company
• Experience with US surplus lines business is preferred but not essential