This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Job Description: Senior Compliance Analyst
How does this role contribute to our collective success?
This role supports the Compliance function to maintain, enhance and execute a robust compliance framework in order to provide evidence-based assurance of compliance with applicable regulatory requirements. The role directly reports to the Head of Compliance Operations and supports the wider Compliance team to deliver high-quality support to the respective Heads of Compliance of each European legal entity and relevant business stakeholders. This team operates within a cross-jurisdictional framework with strong collaboration across the wider Compliance team and other business areas.
What will you do in this role?
Support the Head of Compliance Operations with high-quality execution of key Compliance Operations activities, to ensure the following outcomes are achieved:
- Creating and maintaining a robust framework for implementing applicable legal and regulatory developments to support the business to comply with requirements initially and on an ongoing basis.
- Leading the ongoing identification and analysis of all applicable legal and regulatory developments (horizon scanning) to ensure they are all identified and appropriately analysed regarding their impact to the business. Key activities are identified and tracked through to completion, working with appropriate stakeholders to implement requirements in a timely manner.
- Maintaining up to date knowledge of regulators including, FCA, CBI, PRA, Lloyd’s, EIOPA, Lloyd’s Europe, and international regulators, where relevant.
- Leading regular updates to business stakeholders on legal and regulatory developments, by providing concise overviews of key developments, impact analysis and next steps to ensure staff remain aware of upcoming changes and how they may impact AXIS.
- Leading on the annual review and updates to Compliance Policies and related Procedures, working with relevant Compliance subject matter experts to identify relevant updates and ensure the materials continue to meet external and internal requirements.
- Coordinating the annual Corporate Policy refresh process, working with policy owners and accountable executives to ensure the suite of policies across AXIS remain appropriate and are presented to the subsidiary boards for annual approval.
- Coordinating the Regulatory Elearning process by working with the Compliance subject matter experts to keep modules up-to-date for the annual rollout and monthly new joiner assignments. Ensuring that all in-scope staff are identified and have the correct courses assigned, with timely completion achieved. Leading the analysis of the Elearning answer data to identify and act on key learning gaps. Reporting on any key insights, as needed.
- Coordinating and overseeing controls related to timely and accurate submission of regulatory returns, such as those submitted to Lloyd's, the FCA and the CBI.
- Supporting the delivery of board reports and other committee papers to ensure timely and quality updates are provided when needed.
- Identifying and developing further opportunities to streamline compliance activities and methodologies to drive efficiencies and excellence, e.g., reporting approaches, logging and analysis of compliance issues, identifying and managing conflicts of interest.
- Executing monitoring activities where required, e.g., through leading regular dip-checks such as compliance with AXIS’s Gifts & Hospitality Procedures, or through supporting the Compliance Monitoring Manager with the execution of monitoring deep-dives, including scoping, executing fieldwork, results analysis, remediation design and overall reporting to key stakeholders. Ensuring that findings are appropriately addressed and in a timely manner.
- Supporting the execution of compliance risk assessments, to support the analysis of regulatory risks and ensure compliance activities are conducted on a risk-based approached.
- Liaising with Risk and Audit as appropriate to support integrated assurance and coordination of activities and knowledge sharing between the teams.
- Maintaining the Compliance intranet site to ensure relevant information is available to key stakeholders in a concise and accessible manner, across a broad range of topics.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Experience working in the UK/Irish insurance market ideally within a General Insurance Compliance team, with the ability to apply core knowledge of compliance frameworks to deliver on the mandate of the team within the Three Lines of Defence Model. This applying a depth of insurance regulatory knowledge across a variety of core topics such as SMCR, Conduct Risk and Operational Resilience.
- An understanding of the General Insurance market in the UK/Ireland in order to assess regulatory risks and ensure appropriate controls are in place to manage those risks.
- Ability to apply knowledge regarding supervisory frameworks and activities across a range of regulators including the FCA, CBI, Lloyd’s of London, Lloyd’s Europe and the PRA.
- Analytical skills that enable you to extract, understand and communicate core regulatory requirements.
- Ability to make proactive decisions, blending both data and judgement, particularly when faced with ambiguity.
- Ability to work independently to proactively manage your own deliverables and tasks to a high standard and in a timely manner, particularly when faced with changing priorities.
- Ability to design, implement and maintain effective, risk-based controls to manage regulatory topics within AXIS’s risk appetite.
- Written and oral communication skills that enable you to communicate technical concepts in a practical manner to stakeholders at all levels, including executive leadership.
- Advanced Excel skills performing key functions such as lookup and pivot tables to create, maintain and use significant volumes of data in order to extract meaningful and actionable insights.
- Ability to proactively problem-solve by applying analytical skills to identify the best actions to achieve defined outcomes.
- Ability to apply independently project management skills to a range of projects throughout the project lifecycle, from scoping through to post-implementation review and reporting.
- Advanced PowerPoint skills to create engaging and meaningful presentations across a range of topics and to a range of different stakeholders.
- Ability to select and apply appropriate monitoring techniques to different monitoring tasks.
- An understanding of inherent and residual risk assessment techniques.
- Influencing skills that enable you to communicate effectively with different levels of stakeholders to achieve the right outcomes such as the implementation of enhanced controls.
What we prefer you to have:
- Understanding of specialty insurance products with the Lloyd’s of London and Irish insurance markets such as Cyber, Marine, Accident and Health.
- Experience overseeing regulatory returns
- Foundation-level experience of using SharePoint.
- Experience creating and delivering high quality training materials to a range of audiences, e.g., through in-person presentations or via Elearning.
- A foundation-level awareness of Sanctions, to support the wider Compliance team with the management of sanctions queries during peak times.
- Experience and understanding and supporting the business to manage conflicts of interest and gifts & hospitality queries in line with company policy.
Role Factors:
In this role, you will typically be required to attend the London office 2-3 days per week.
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
