REQUIREMENTS & SKILLS:

• A strong and recent compliance background with the London and Lloyd’s Market from either an insurer or broker
• Experience in actively managing regulatory relationships
• Experience of managing regulatory projects from ‘regulatory watch’ through to project implementation within the business
• Excellent knowledge of the FCA / PRA rulebooks and Lloyd’s requirements that are relevant to insurers and intermediaries
• Sound understanding of the Compliance fundamentals, such as Financial Crime, Conflicts of Interest, Whistleblowing and Compliance monitoring
• Good awareness of regulations for jurisdictions where Aspen operates
• Excellent communication skills (both oral and written) and ability to effectively interact/influence with individuals at all levels of the organization
• Demonstrated ability to work in a fast-paced environment with a strong focus on collaboration
• Ability to interpret regulation and provide commercially focused advice to the key stakeholders within the business
• Ability to undertake effective regulatory watch across multiple jurisdictions

ABOUT US:

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
We are committed to creating an inclusive recruitment experience. If you have a disability or long-term health condition and require adjustments to the recruitment process, our Adjustment Concierge Service is here to support you. Please reach out to us at adjustments@robertwalters.com to discuss further

ROLE OBJECTIVE:

To support the UK regulated entities (including branches) in actively and effectively managing its regulatory engagements and risks.
Our Aspen Values are expected to be reflected in the delivery and performance of every role.

KEY RESPONSIBILITIES:

Strategy and Planning:

• Contribute to the annual Aspen Compliance Monitoring Plan to ensure that there is appropriate coverage for the UK and broader group key regulatory risks
• Review regulatory horizon scanning consultations, statements and white papers, liaising with the business to put together a plan to address the actions required
• Contribute to monthly MI for the use in regular reporting to Aspen Boards, Committees and Steering Groups
• Actively contribute to the Group Compliance Team meetings to promote effective compliance management within Aspen

Policy, Process and Procedures:

• Develop and maintain UK rule mapping for key regulatory risks within Aspen
• Work with the Compliance Analyst to help develop and maintain Compliance related policies and procedures for the UK regulated entities
• Provide technical support to Group functions in the development of their policies and procedures
• Identify if the UK regulated entities do not have sufficient coverage or controls in their policies and procedures and to make recommendations of how to strengthen them
• Promote and provide training on the Compliance related policies and procedures to the key stakeholders in Aspen
• To follow all Compliance policies and procedures

Environmental Awareness/Customer Focus:

• Support in the management of the relationships of Aspen’s regulators
• Develop strong relationships with Aspen stakeholders - in particular Underwriting, Claims, Operations, Finance, Risk, HR and Internal Audit
• Attend the UK branch steering group meetings, representing the Head of UK Compliance, preparing and presenting functional papers for the steering group
• Attend market forums, groups and committees to further strengthen the Aspen relationship with external trade associations

Technical Performance:

• Provide detailed and accurate policy advice on regulatory matters for the UK regulated entities
• Attend internal and external meetings to provide oversight, support, and advice on regulatory matters
• Support in the responses to regulator requests and enquiries

People Management:

• Whilst there is no direct people management, the role-holder will be expected to influence and manage Aspen stakeholders to deliver in their role
• Where possible, to offer support and development for others in the Compliance department