Senior Compliance Associate
RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.4 billion of liabilities currently under management.
To act as a Senior Compliance Associate a ‘trusted advisor’ to the business, working together to find compliant commercial solutions. Ensure professional, strategic and operational compliance risk-management is in place and that the business is compliant with appropriate systems and controls by supporting it in meeting its regulatory objectives through delivering policy and advisory support, supporting delivery of compliance projects, monitoring changes in regulation and performing impact analyses and embedding professional standards.
To act as a Senior Compliance Associate a ‘trusted advisor’ to the business, working together to find compliant commercial solutions. Ensure professional, strategic and operational compliance risk-management is in place and that the business is compliant with appropriate systems and controls by supporting it in meeting its regulatory objectives through delivering policy and advisory support, supporting delivery of compliance projects, monitoring changes in regulation and performing impact analyses and embedding professional standards.
Responsibilities
Compliance
- Ensure that processes and control are in place, and designed and operating effectively, to enable the business to comply with relevant regulatory requirements and internal policies.
- Prepare and coordinate regulatory reports, submissions and applications.
- Maintain compliance policy and procedure documents.
- Liaise with the Delegated Business Management team to ensure appropriate monitoring of DCA / Coverholder arrangements.
- Assist with monitoring activity within the various Compliance mailboxes.
- Assist with delivery of the annual Compliance plan.
- Identify and promote opportunities for process improvements.
- Assist with ad-hoc compliance projects and other Compliance Function tasks as required.
- Lead the horizon scanning process to identify regulatory developments, assess impact to the company of the new regulations, distribute to relevant areas of the business, and perform gap analysis against new requirements identifying actions and monitoring them to closure.
- Inform the Compliance Director of any known risk events and assist with reporting as required.
- Assist with implementing any recommendations arising from reviews by regulators, Lloyd’s and the Internal Audit function.
- Assist with the delivery of the annual Compliance control testing plan.
- Support on acquisition due diligence and integration.
- Assist with producing internal reports for relevant Committees and the Boards.
- Support in responding to information requests from regulators and the business.
- Produce and submit relevant regulatory reports and submissions.
Financial Crime
- Support the business to ensure compliance with all relevant Financial Crime requirements.
- Review financial crime referrals received from the business and other team members.
- Lead on preparing the Annual Financial Crime Risk assessment.
- Lead in the completion of all KYC requests from external parties.
- Lead the acquisition integration procedures for Financial Crime to ensure effective integration into business as usual.
Requirements
- Educated to Degree level or equivalent.
- Experience working in a Compliance function (company market and/or Lloyd’s experience).
- Good understanding of the regulatory environment, the PRA and FCA handbooks, Lloyd’s.
- Strong stakeholder management skills, including the ability to negotiate and influence.
- Excellent verbal and written communication skills.
- An analytical mindset approach, with good attention to detail and can identify issues and discuss solutions.
- Strong organisational skills that enable the management and delivery of multiple concurrent assignments and deliverables.
- Understanding of complaint handling and oversight requirements.
- Ability to work independently with minimal supervision.
- Ability to build strong relationships and collaborate effectively with stakeholders across the business.
- Proficient in the use of Microsoft Office applications.
Benefits
We believe in taking care of our team and helping our employees thrive both professionally and personally.
Our benefits include:
- Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa
- Health and Wellness –including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check-up and eye test voucher
- Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities
- 25 days’ holiday per year – plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service
- Bonus scheme – dependent on achieving individual, department and company goals
- Pension – a non-contributory defined contribution pension scheme
- Life Assurance – provides a lump sum 10 x your salary
- Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks
- Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy
- Training and development – Company funding for professional qualifications that would be beneficial for your role
- Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, and two paid volunteering days per year to help give back to our local communities
- Cycle To Work Scheme – a tax efficient way to purchase a bicycle
- Interest Free Travel Loan – to assist with commuting costs
- Travel Insurance – business and personal travel
- Sports and Social – active sports and social committee that organizes subsidised events