Compliance Analyst

The Compliance Analyst will play an integral role in the management of LSM’s compliance risks. The individual will work within LSM’s Compliance function and will support the Head of Compliance, members of the Compliance team as well as wider business on various compliance matters.

If you are a recent graduate looking to enter the insurance industry in a compliance focussed role, or currently working in insurance or other financial services sector and looking for a compliance role then we would really like to hear from you.

• Contribute to the delivery of an effective compliance monitoring program across LSM businesses and locations including undertaking day-to-day monitoring activities.
• Take ownership for tasks and actions as part of the Compliance regulatory reporting working group and management of general queries received from the business.
• Managing enquiries to the Advisory and Assurance team inbox accurately and efficiently in line with agreed SLAs.
• Undertake analysis and interpretation of regulatory requirements, expectations and good market practice as part of formulating and providing advice to the business on regulatory and compliance matters.
• Contributing to various team working groups, owning allocated actions and ensuring these are completed within agreed timescales.
• Work closely with the Compliance team and other relevant stakeholders to contribute to change projects in line with agreed deadlines, escalating issues promptly.
• Participating in the delivery of an effective LSM compliance training program
• Provide concise accurate status updates to the Head of Compliance Assurance & Advisory on a regular basis for relevant tasks and initiatives.
• Maintaining all allocated Advisory and Assurance documentation to the appropriate standard, ensuring this is accurate, up to date, correctly stored and regularly reviewed.
• Where required support colleagues and Compliance Management in the oversight and assurance of the wider Compliance Pillars’ frameworks and associated procedures.
• Collaborate effectively with the wider Compliance Pillars to deliver one efficient compliance function to the wider business.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements including Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Vision: To help people to make effective risk based, disciplined decisions doing the right thing

The LSM Compliance Function is a key part of LSM's internal control framework predominantly within the second line of defence, responsible for:

• Establishing an open and constructive relationship with LSM’s regulators (and supervisory bodies). Coordinating and managing this relationship with including, but not limited to, the Prudential Regulation Authority, the Financial Conduct Authority and Lloyd’s;
• Providing advice to the LSM governing bodies on compliance with applicable laws and regulations, and providing advice to the business, for example in the form of policies and procedures or written updates, in relation to applicable laws and regulations;
• Assessing the possible impact of any regulatory development on the operations of the business and working with the business with regard to compliance;
• The identification and assessment of compliance risk, and the development and oversight of an appropriate framework to ensure the management of compliance risk;
• Such a framework will include assessing the adequacy of the measures adopted by the business to prevent non-compliance including monitoring to ensure these procedures are being adhered to;
• Ensuring that LSM’s Compliance Strategy is in line with its broader strategic objectives.
• Working with the business to assess new opportunities and ensuring appropriate control frameworks are established;
• Working closely with Liberty Mutual Group Compliance & Ethics to ensure that the LSM compliance framework is consistent with the framework in place for the Liberty Mutual Group;
• Reporting to the LSM governing bodies in relation to the management of compliance risk including the provision of all relevant management information to allow key decision making to be undertaken;
• For a number of compliance and conduct processes, act as the point of contact for the business for all reporting;
• Working with HR, develop and implement relevant and timely compliance education and training to all LSM colleagues.

We are seeking an enthusiastic, solution focused, self-motivated, result oriented individual.

• Strong and relevant academic record
• Ideally recent graduate (in a relevant subject such as Law, Business, Financial Services or similar) and/or relevant professional qualifications or equivalent 
• Some experience working within the insurance industry, financial services or compliance is desirable but not necessary.
• Ideally some awareness of the regulatory requirements for financial services.
• A critical thinker able to demonstrate and evidence the use of analytical skills to support decision making in compliance and financial services.
• First class people skills and a team player with excellent communication.
• Proven experience and track record of solving problems and delivering solutions to the business.
• Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions.
• A self-led learner with curiosity appetite to develop and apply subject matter expertise.
• Able to challenge and be challenged.
• Ability to listen, be flexible, but decisive.
• Pragmatic and principled, not dogmatic.
• Proactive with can do attitude.