Senior Compliance Analyst

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Role Summary and Purpose
We are looking for a compliance professional to join the Arch UK Compliance team. You will be a key member of the Compliance Function, providing regulatory assistance, with the aim of ensuring that all activities undertaken by the business are conducted in a compliant manner.
This opportunity will involve working within a fast-paced, growing team and you will be part of a dynamic Compliance team supporting you in your career growth.

Key Tasks and Responsibilities
• Undertake regulatory horizon scanning and maintaining up to date knowledge of UK regulators, FCA, PRA, Lloyd’s, Lloyd’s Europe, and international regulators, where relevant.
• Review new publications from regulators, including but not limited to Consultation Papers, Policy Statements, guidance, Dear CEO letters, and enforcement cases.
• Interpret, assess application, and prepare summaries for key stakeholders, including undertaking gap analysis when required.
• Review firm-wide policies and procedures against regulatory requirements and best practices, completing a gap analysis accordingly, making recommendations for change and monitoring for closure.
• Support the oversight of the firm’s SMCR framework including Management responsibility maps (MRMs), Statements of Responsibility (SORs), and handover certificates.
• Provide regulatory guidance/advice where required.
• Support compliance and regulatory projects, including assisting with implementation of legislation/regulation, and enhancements to the Compliance framework, processes, and procedures.
• Participate and contribute to the delivery of the annual Compliance Plan. Taking a lead where necessary.
• Drive improvements in areas of responsibility and propose changes to improve compliance and business efficiency.
• Liaise with senior stakeholders on a variety of Compliance related queries, requests, or actions.
• Supporting the development of training materials and providing training where relevant.
• Contribute to Compliance Board and Committee reporting.
• Promote a culture of compliance by raising awareness of compliance and regulatory matters and encourage adherence to applicable laws and regulations.

Role Requirements & Skills
Skills / Competencies

• Strong knowledge of FCA, PRA, and Lloyd’s regulations, guidelines, and industry standards.
• A proactive approach to staying updated on changes in regulations and industry trends.
• Ability to understand the detail of regulatory publications and their application.
• Ability to articulate complex regulatory themes or requirements concisely.
• Excellent written and verbal communication skills.
• Good interpersonal skills to collaborate with diverse teams and interact with regulatory authorities.
• Strong attention to detail and ability to work independently and in a team-oriented environment.
• Excellent organisational skills with the ability to prioritise workload and manage various tasks simultaneously.
• Adaptability to a dynamic and fast-paced insurance environment.
• Participate in all departmental activities (training, controls maintenance and reporting) as required.

Qualifications

Ideally degree educated or equivalence by experience.

Experience

Minimum 5 years’ regulatory or Compliance experience within the UK insurance market.

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