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Compliance Officer

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The Hartford

2mo ago

  • Job
    Full-time
    Senior Level
  • Government & Politics
  • London
  • Quick Apply

AI generated summary

  • You must have strong communication and organizational skills, FCA/PRA and Lloyd’s knowledge, influencing abilities, Office proficiency, and relevant experience. Handle sensitive information with care.
  • You will manage compliance reporting, training, stakeholder relations, regulatory assessments, and support business initiatives while ensuring adherence to financial crime and conduct standards.

Requirements

  • Strong communication skills
  • Knowledge of FCA/PRA and Lloyd’s regulations essential
  • Excellent organisation and planning skills, with ability to identify strategic priorities
  • Strong influencing skills with ability to apply a commercial approach to assessing risk
  • Strong Office skills, including Word, Excel, PowerPoint
  • Ability to handle sensitive & confidential situations and information
  • Relevant experience in a similar role
  • Knowledge of Lloyd’s regulations, processes and procedures

Responsibilities

  • Support in production and delivery of the International Compliance priorities and planning
  • Designing and maintaining the compliance suite of exception reports, thematic reviews and monitoring activities, providing timely information of these activities to the CRCO for reporting at relevant committees
  • Assessing ongoing compliance with Lloyd's Regulatory and Financial Crime Principles, Lloyd’s Insurance Company’s Financial Crime Guide for Underwriters and the FCA’s Financial Crime Guide
  • Working with the business to ensure Conduct requirements are met across the customer journey
  • Working with the team to respond appropriately to complaints
  • Undertake reviews of current and emerging regulatory developments, assess the impact on International via risk assessments and communicating requirements and actions to the business where relevant
  • Creating and maintaining relevant compliance policies and procedures and embedding them within the business
  • Designing and delivering compliance training, both e-learning and face-to-face to employees
  • Build an effective relationship with The Hartford’s Economic Sanctions Compliance Team and oversee the delivery of the intra-group outsourcing agreement in respect of sanctions screening and sanctions query management
  • Delivery of agreed actions resulting from regulatory visits and supervisory plans
  • Collaborate with the business on initiatives, supporting them as the Compliance function SME
  • Build key stakeholder relationships and collaborate with The Hartford Group Compliance function
  • Key stakeholder management with the International business, establishing trusted relationships, understanding business strategic priorities in order to effectively partner with and support the International business
  • Ensure effective collaboration between the Compliance function and other internal governance functions, including Legal, Risk and Internal Audit
  • Lead on the production and submission of accurate and timely regulatory reports e.g., LIC quarterly financial crime report.
  • Provide timely responses to queries received from the International business
  • Undertake ad-hoc activities and project work, where requested by the CRCO.

FAQs

What will my main responsibilities be as a Compliance Officer?

As a Compliance Officer, your main responsibilities will include overseeing the Compliance Framework, reviewing regulatory changes, conducting risk assessments, enhancing policies and procedures, compliance monitoring, and developing training for the International business.

Where is this role based?

This role is based in London, UK.

What qualifications are required for this position?

Candidates must have strong communication skills, knowledge of FCA/PRA and Lloyd’s regulations, excellent organisation and planning skills, and strong influencing skills. Proficiency in Office applications like Word, Excel, and PowerPoint is also essential.

Is relevant work experience required?

Yes, relevant experience in a similar role is required, along with knowledge of Lloyd’s regulations, processes, and procedures.

What are the conduct standards I need to adhere to in this role?

You must act with integrity, due skill, care and diligence, be open and cooperative with regulators, treat customers fairly, observe proper market conduct standards, and deliver good outcomes for retail customers.

Will I be expected to conduct compliance training?

Yes, you will be responsible for designing and delivering compliance training, both through e-learning and face-to-face sessions.

Do I need to collaborate with other teams within the organization?

Yes, you are expected to build key stakeholder relationships and collaborate effectively with other internal governance functions, including Legal, Risk, and Internal Audit.

Will I handle sensitive information in this role?

Yes, you will need to handle sensitive and confidential situations and information.

What types of reports will I be responsible for?

You will lead on the production and submission of accurate and timely regulatory reports, including the LIC quarterly financial crime report.

Are there opportunities for career growth within this role?

Yes, this role offers opportunities to achieve your goals and help others accomplish theirs, contributing to shaping the future of the company.

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The Hartford

Underwriting human achievement for over two hundred years.

Finance
Industry
10,001+
Employees
1810
Founded Year

Mission & Purpose

Human achievement is at the heart of what we do. We put our belief into action by not only ensuring individuals and businesses are well protected, but by going even further – making an impact in ways that go beyond an insurance policy.