Compliance Assistant

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Role Summary and Purpose

Compliance Assistant is a key member of the Compliance Team, covering a diverse range of regulatory compliance activities, with the aim of ensuring all activities undertaken by the business are conducted in a compliant manner.

Compliance Assistant contributes towards the operation of an effective and robust Australian Compliance Framework and is responsible for the monitoring, administration and review of various Compliance and Underwriting policies and procedures. Further, Compliance Assistant provides support to the Underwriting Operations & Compliance Manager in the development, maintenance and oversight of Compliance across the business.

Key Tasks and Responsibilities

• Co-ordinate the allocation of monthly Peer Reviews to Underwriters.

• Assist the Product Specialist with branding and updating of relevant product documents.

• Assist with preparation and distribution of compliance materials and papers for relevant Committee and Board submissions.

• Assist with the preparation and updating of broker TOBA’s and general broker information.

• Monitor mailboxes managed by the Compliance Team.  

• Agency Management tasks including updating CRM systems. 

• Assist with the maintenance and review of compliance policies, procedures and guidance documents. 

• Assist with collating relevant information for audit purposes. 

• Assist with preparation of reports for regulators. 

• Assist the Underwriting Operations & Compliance Manager to monitor and roll out relevant staff training. 

• Ensure records are kept up to date on regulatory platforms. 

• Drive improvements in areas of responsibility and propose changes to improve compliance and business efficiency.

• Register and monitor Complaints received using dedicated complaints system, including preparation of required reports to regulators.

• Assist the Underwriting Operations & Compliance Manager with overseeing the Compliance Framework and Conduct Risk Framework.

• Assist the Underwriting Operations & Compliance Manager and the Product Specialist with preparation of draft documents for review.

• Ensure records are kept up to date on ASIC platforms.
   

General responsibilities:

• Collaborate effectively with other business units.

• Adhere to company’s policies, procedures and local guidance as well as to the legislation.

• Other reasonable duties as directed by the business, within the scope of the role.

Role Requirements & Skills

Qualifications

• Tertiary qualifications- desirable but not required.

Experience

• Experience working in the financial services, ideally with knowledge and understanding of both APRA and ASIC regulations- preferable.

• Understanding of the Lloyd’s market and environment- desirable but not required.

Skills / Competencies

• Demonstrate a proven ability to communicate effectively both verbally and in writing.

• Ability to develop and maintain effective relationships with all business units.

• Proven experience in administrative tasks including drafting documents and reporting, with competence using Microsoft Office Software (Word, Excel, Powerpoint, Dynamics 365) and general information systems.

• Ability to articulate an organised and methodical approach to working practices and outline how they would meet tight deadlines.

• Good knowledge of the Australian insurance regulatory and compliance environment.

• Ability to maintain a high level of attention to detail and sound analytical skills together with the ability to prioritise.

• Enthusiasm and a desire to learn and contribute as part of a team, with the ability to work autonomously when required.

• Enthusiastic, positive attitude.

• Flexibility, multi- tasking and ability to deliver initiatives within a short timescale.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

16200 Arch Underwriting at Lloyd's (Australia) Pty Ltd