Senior Compliance Manager

About this role

Senior Compliance Officer - Lloyds Syndicate

Our client is looking for a senior Compliance Officer with Lloyd’s syndicate knowledge to play a critical role in ensuring adherence to UK insurance regulation, Lloyd’s minimum standards, financial crime requirements, conduct rules, and internal governance frameworks.

Department: Compliance & Risk

Reporting To: Chief Financial Officer

Employment Type: Full-Time

Role Purpose

The Senior Compliance Officer will support the Compliance function in maintaining an effective compliance framework across the Managing Agent and Lloyd's Syndicate operations. The role will provide regulatory advice, monitoring, oversight, and assurance to ensure compliance with FCA, PRA, Lloyd's, financial crime, sanctions, and conduct requirements.

The successful candidate will act as a trusted advisor to underwriting, claims, operations, finance, and senior management teams, helping to identify and manage regulatory risks while supporting the business in achieving its strategic objectives.

Key Responsibilities

Regulatory Compliance

• Provide day-to-day compliance advice to business stakeholders across underwriting, claims, delegated authority, finance, and operations.
• Monitor regulatory developments from the FCA, PRA, Lloyd's, and other relevant bodies, assessing their impact on the business.
• Support implementation of regulatory changes and ensure internal policies and procedures remain current.
• Assist in maintaining the compliance framework, including policies, procedures, controls, and governance arrangements.
• Prepare and deliver compliance assessments and thematic reviews.

Compliance Monitoring

• Develop and execute elements of the Compliance Monitoring Plan (CMP).
• Conduct periodic monitoring reviews and testing of regulatory controls.
• Produce clear and concise monitoring reports, identifying findings, recommendations, and corrective actions.
• Track remediation actions through to completion.

Financial Crime & Sanctions

• Support the firm's financial crime framework, including:
• AML and CTF controls
• Sanctions compliance
• Anti-bribery and corruption programmes
• Fraud prevention controls
• Conduct sanctions and financial crime investigations where required.
• Provide advice on high-risk customers, transactions, and jurisdictions.

Lloyd's & Insurance Regulation

• Support compliance with Lloyd's Minimum Standards and market expectations.
• Provide oversight of delegated authority arrangements and coverholder compliance.
• Assist with Lloyd's returns, attestations, and regulatory submissions.
• Monitor outsourcing and third-party service provider compliance obligations.

Skills & Experience

Essential

• Significant compliance experience gained within the London Market, Lloyd's market, or insurance sector.
• Strong understanding of:
• FCA Handbook
• PRA regulatory framework
• Lloyd's Minimum Standards
• Senior Managers & Certification Regime (SMCR)
• Financial crime and sanctions regulations
• Experience conducting compliance monitoring reviews and reporting findings.
• Ability to interpret regulation and provide practical, commercial advice.
• Strong stakeholder management skills with the ability to influence at all levels.
• Excellent written and verbal communication skills.
• Strong analytical and problem-solving abilities.

Preferred

• Experience within a Lloyd's Managing Agent or Syndicate.
• Exposure to Delegated Authority business.
• Experience of Consumer Duty implementation and monitoring.
• Knowledge of international regulatory frameworks impacting specialty insurance business.
• Experience supporting regulatory inspections or audits.

Qualifications

• Degree educated or equivalent professional experience.
• Relevant compliance qualification desirable, such as:
• International Compliance Association (ICA)
• Chartered Insurance Institute (CII)
• IRM Risk Management Certification
• CISI Compliance qualifications