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.
This position is based in Brussels
Role Purpose:
Supporting the Chief Compliance Officer and his/her direct reports in ensuring that LIC and the Lloyd’s network of branch offices in Europe Region has effective systems and controls for compliance with requirements and standards under applicable regulations (including outsourcing arrangements, data protection measures), and for countering the risk that Lloyd’s Europe might be used to further financial crime (e.g. sanction, anti-money laundering, prevention of fraud, market abuse and tax evasion).
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.
Take ownership as required in the development of policies to address applicable regulatory requirements.
Act as a centre of expertise in sharing knowledge of requirements and compliance risk and, where appropriate, delivering appropriate training to management and staff.
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).
Conduct compliance reviews, monitoring and testing to assess whether Company policies have been appropriately implemented and compliance risk managed to an effective level.
Work in partnership with Lloyd’s Europe branch office colleagues to ensure compliance in the branch offices.
Identify, monitor, assess and manage compliance risks and requirements including, for example, in respect of external reporting, outsourcing and of GDPR.
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.
In line with regulators requirements, undertake the monitoring and analysis of current regulatory requirements and applying them appropriately to the business.
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 organization through the drafting of Compliance Communications and updates.
Skills:
Influencing & negotiating skills across industry and profession
Functional strategy development and influencing skills
Ability to challenge status quo, with providing solutions or alternatives
Complex business/regulatory issue or problem analysis and resolution skills
Driving change and innovation skills
Ability to lead projects and initiatives
Ability to work in a multi-cultural environment
Knowledge:
Knowledge of Solvency II regulatory environment, regimes and requirements
Insurance market knowledge. Knowledge of Lloyd’s, London Market & International Markets and other financial services markets is a plus.
Knowledge of financial and business processes in the insurance industry
Knowledge of corporate governance principles and structures
Experience:
Has experience of working in the Financial Services regulatory environment in a role that involved ensuring compliance with relevant Belgian or EU regulatory requirements
Has good market awareness and industry knowledge
Is analytical, with good reasoning and problem solving skills
Is a confident and clear communicator
Has well developed management and organizational skills, able to work with teams across multiple business area
Competences:
Working with people
Delivering results and meeting customer expectations
Applying expertise and technology
Adapting and responding to change
Results orientation / can-do attitude
Diversity 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-msa1645695881
