Compliance Monitoring Officer

  • Location


  • Discipline:


  • Job type:


  • Salary:

    £45,000 - £60,000

  • Consultant:

    James Flood

  • Email:


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  • Published:

    24 days ago

Compliance Monitoring Officer Position with a leading Lloyds Market Managed Agency based in the City of London.

KEY Responsibilities


•             Assist in the design of compliance monitoring review methodology

•             Assist in the drafting of the annual compliance monitoring plan

•             Undertake compliance monitoring reviews in accordance with the plan

•             Draft terms of reference for each review together with a work plan, based upon the controls to be tested relevant to the risk area being reviewed

•             Consider the adequacy and effectiveness of the controls (through interview and testing)

•             Identify deficiencies and recommend remedial action

•             Consider compliance against Solvency II standards

•             Review associated policies and procedures and identify deficiencies

•             Prepare compliance review reports

•             Discuss and agree review issues and actions with task owners

•             Track completion of actions

•             Prepare MI on compliance reviews and provide to appropriate committee(s)


Ad Hoc Duties


Your key accountabilities will include such other duties and tasks are as allocated to you at the discretion of management and that are within your capabilities and within the scope of your post.


Person Specification


Essential Skills/Qualifications/Experience


•             Educated to Degree level 2.1 or above, ideally with a professional qualification (eg fully qualified or part qualified ACA or ACII, or relevant industry qualifications preferred)

•             Previous experience gained working in an internal audit or compliance monitoring role at a Lloyd’s or London Market insurer

•             Previous experience in compliance matters with considerable knowledge of international regulatory best practice and application it’s in an insurance context

•             A good understanding of core regulatory/best practice control models

•             Takes responsibility for own work and assigned areas

•             Ability to understand key business issues and operational objectives

•             Ability to handle multiple projects simultaneously, deal with conflicting agendas and meet deadlines

•             Ability to problem solve

•             Ability to grasp issues and learn new concepts quickly

•             Effective and confident communicator of complex messages (written and verbal) to both internal and external audiences; and

•             IT literate with Microsoft office at intermediate level as a minimum