Compliance Associate

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. 

Reporting to the Regulatory & Compliance Manager ANZ, the role provides administrative support on compliance, regulatory oversight, finance. The role will also provide back up support for market engagement, events and general office management.

The role involves regulatory reporting, horizon scanning legislative change and assessing impact, drafting market communications, updating policies and procedures, payment of invoices and submission of expenses, maintaining contact distribution lists and responding to and managing stakeholder enquiries.   

Principal Accountabilities

• Assist with identifying, analysing, implementing and communicating legislative developments, new guidelines and regulations to the Lloyd’s market.

• Support the maintenance of the Lloyd’s Australia regulatory registers incl. Regulatory Change, Regulatory Obligations, Regulatory Reporting & Fees register

• Provides general administrative support to the Regulatory and Compliance manager and broader Lloyd’s Australia team,

• Support coordination and filing of regulatory returns for Australia and New Zealand.

• Assist with the review and update the Lloyd’s Australia compliance management policies and procedures, business continuity procedures and office manual to ensure they are fit for purpose and comply with both UK and local requirements.

• Support the coordination of the Lloyd’s Australia Financial Audit and associated information requests.

• Prepare, submit and monitor the payment of invoices, fees, levies and staff expenses and raise orders/requisitions using Workday.

• Monitor shared email inboxes to ensure enquiries and are actioned in a timely manner.

• Maintain good relationships with key stakeholders and maintain distribution contact lists on Dynamics.

• Support the delivery of market engagement activities.

• Any other ad-hoc tasks assigned by the line manager or the Company.

Skills

• The ability to work individually as part of a professional team.

• Clear and concise verbal and non-verbal communication.

• Problem solving skills with the ability to apply a logical approach.

• Information technology skills

• A flexible approach to work assignments and the ability to cope with change in a positive and constructive manner.

• Good negotiation and interpersonal skills together with an analytical mind and attention to detail.

• The ability to remain calm under pressure, handle a diverse range of priorities and tasks and difficult situations with tact and diplomacy.

• A good “risk radar” and effective detection/risk escalation strategies.

Knowledge

• Knowledge of the Australian regulatory framework and compliance principles.

• Knowledge of the General Insurance Code of Practice or similar industry codes.

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

Please note, clicking on this link does not register your application for the vacancy