Looking for a role that will have a meaningful impact on compliance?
We are looking for an individual to make a meaningful contribution to Markel’s second line compliance oversight.
What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
The role is part of the International Division Compliance function, which is overseen by the Chief Compliance Officer. The team is well-established with operations in multiple countries, leading all of Markel’s insurance activities outside the U.S. This role will report to the Head of Compliance Operations.
This role provides a great opportunity to develop and grow your career in an exciting and growing business as part of an established compliance team.
What you’ll be doing:
- Evidencing completion of Regulatory returns and ensuring the business does not miss any regulatory deadlines via our External Regulatory Reporting Register and reporting these to various Boards and Committees.
- Dealing with international Licensing queries and renewal of our overseas reinsurance licences.
- Financial Promotions reviews, ensuring any communications where we are inviting customers to purchase a product or service from us is in line with regulations and are sound.
- Assisting with Broker TOBA requests, preparing signed agreements, answering queries as well as reviewing TOBA Due Diligence, document issuance, filing and maintaining of TOBA database.
- Complaints day to day management – monitoring, coordinating and ensuring regulatory timeframes are met for all complaints the business receives across all territories and platforms. Reporting of complaints and other forms of MI to various Committees and Boards as well as liaising with Lloyd’s complaints team, Financial Ombudsman Service and other External Dispute Resolutions Services.
- Carrying out exception reporting on licensing, sanctions and gifts & hospitality, reporting any risks to senior management for review and MI to management groups, committees and boards.
- Assist the Compliance team with its regulatory queries and reporting as well as staying abreast of upcoming Regulatory Developments and circulating these weekly to the business. In some instances, providing a memo to the business which requires further review and analyse of the update.
- Support the production of presentations and papers by gathering the necessary MI, data and supplementary content, including formatting using Word, Excel, Powerpoint as required for relevant Boards and Committees.
- Gathering all business breaches, investigating regulatory or operational breaches and reporting findings as well as raising to various boards and committees.
- Overseeing the maintenance of compliance-related policies, procedures, and online training materials, in close collaboration with the wider team to ensure timely updates in line with regulatory developments. Ensuring these resources are issued to the business at least annually, while regularly monitoring completion rates to uphold consistent compliance across the organisation.
- Support the ongoing management of the SM&CR framework, including maintaining up-to-date Statements of Responsibilities, assisting with the certification process, monitoring fitness and propriety of Senior Managers and Certified Staff and ensuring timely regulatory applications.
Our must-haves:
- Have prior experience completing compliance operational duties.
- Have relevant compliance experience in the insurance industry, with an understanding of FCA, PRA, Lloyd's, and other international regulators.
- Have strong writing skills and a good grasp of technology to support and automate processes.
- Have passed or be prepared to complete insurance compliance qualifications relevant to the role. Ongoing development is actively encouraged.
- Possess the initiative to work independently and have the confidence to take responsibility for decisions made, but always to be willing to seek help and guidance where necessary.
- Exhibit a proactive approach to improving processes and consistently seek opportunities to enhance Markel’s compliance framework.
- Analytical thinking – investigates and comprehends trends, opportunities, and risks that could impact the business.
Who we are:
Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package…
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
- Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
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