Ascot Group on cord

Ascot Group

Compliance Assistant

External position
London, UK
Hiring internally for Ascot Group?
Insurance
Illumivate. Innovate. Insure.
Posted
2 months ago
Checked
cord regularly checks that external positions are still open
2 days ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Entry, Junior
Core skills considered: Stakeholder Management, Communication software
Other skills considered: Client relations

Logistics

Base salary: Undisclosed
Some companies on cord are unable to disclose salaries publicly due to internal company policies. Message the company for salary information.
Employment type: Permanent
Remote working: Hybrid
Visa sponsorship: Not available

Job Description

To work closely with the Compliance Function in implementing the Compliance Framework, execute the annual Compliance Plan, and assist with related compliance activities within the Ascot Group, comprising of Ascot Underwriting Limited ("AUL"), Ascot Bermuda Limited ("ABL"), Ascot Underwriting Bermuda Limited ("AUBL"), Ascot Insurance Guernsey Limited ("AIGL") and Ascot Group Limited ("AGL").

Assisting the Function in providing regulatory and compliance advice across the Group companies, updating related policies, procedures, processes and controls on regular intervals. Collaborating closely with internal stakeholders and departments across the Ascot Group to complete compliance workstreams in a positive, efficient and timely manner.


Detailed Duties:


Compliance Framework:

  • Confirming systems and controls are in place to ensure Ascot's operations in the UK, Bermuda and Guernsey are compliant with the regulations or requirements from:
    • Lloyd's of London ("Lloyd's");
    • Lloyd's Insurance Company ("LIC");
    • The Prudential Regulatory Authority ("PRA");
    • The Financial Conduct Authority ("FCA");
    • The Bermudan Monetary Authority ("BMA");
    • Guernsey Financial Services Commission ("GFSC"); and
    • Other regulators' requirements.
  • Working with the Compliance Team to support, understand and advise the business in a proactive, open, timely and transparent manner, balancing regulatory and commercial requirements.
  • Keeping abreast of all regulatory activity across relevant jurisdictions, making sure all areas of the business meet applicable regulatory requirements.
  • Reviewing policies, procedures and associated systems and controls to ensure they are working efficiently and effectively.
  • Completing internal logs, updating regulatory diary and carrying out requisite administrative tasks.

Compliance Plan:

  • Assisting with the design and execution of the annual Compliance Plan and providing regular updates to the Compliance Manager about its progress.
  • Assisting with embedding the Compliance Framework and all relevant systems and controls.
  • Providing regular updates about progress against the annual Compliance Plan.

Compliance Monitoring:

  • Assisting with Compliance Monitoring, providing assurance and ongoing reporting of key compliance and business risks on a range of issues including:
    • New broker applications and adherence to credit limits;
    • Licensing restrictions and international trading requirements;
    • Underwriting authority control and monitoring framework; and
    • Other areas as required.

Horizon Scanning:

  • Contributing to Horizon Scanning activities with support from the wider Compliance Team, including:
    • Completing horizon scanning logs and related reports;
    • Assisting with gap and impact analysis; and
    • Working with the Function to implement new regulations and requirements in a timely, effective and pragmatic manner.

SM&CR framework:

  • Assisting with carrying out the requirements under SM&CR regulations including:
    • Drafting and maintaining Ascot's SM&CR framework;
    • Maintaining updates to the Management Responsibilities Map; and
    • Assisting with handling applications to Lloyd's, the PRA and the FCA, as required.

Reporting and Governance:

  • Assisting with drafting appropriate Board, Committee or other governance papers for:
    • Compliance Team Meetings
    • AUL Board;
    • AUL Risk Committee;
    • AUL Executive Committee; or
    • ABL Executive Committee
    • Any other Board, Committee, governance bodies or meetings as required.

LIC:

  • Ensuring LIC's Operating Model is complied with, including:
    • Supporting the LIC RD to carry out a monthly file review of LIC risks to monitor if the underwriters comply with the requirements of the LIC Underwriting playbook;
    • Notifying and recording underwriting and process breaches; and
    • Working closely with the Underwriting Teams, Secondees and non-secondees to undertake any remediation activities.

FCA and Lloyd's Returns:

  • Ensuring relevant regulatory deadlines are entered within Ascot's Regulatory Diary system and monitored periodically.
  • Overseeing the Lloyd's Business Timetable and FCA Returns Calendar to ensure any regulatory returns are completed and submitted in a timely and accurate manner.

Employers Liability Register ("ELR") maintenance & audit:

  • Acting as primary Compliance Team lead by ensuring Ascot's ELR is up-to-date and reconciled with valid policy and claims.
  • Overseeing and assisting with the annual ELR audit, including:
    • Co-ordinating with external auditors;
    • Liaising with Operations and any other internal teams; and
    • Overseeing and managing any associated remediation.

Training:

  • Ensuring that training and development regarding compliance matters is in place for all Ascot staff and adhered to.
  • Reviewing and updating the content of training courses to ensure they are in-line with regulatory requirements.

Compliance Projects:

  • Provide support and input on Compliance projects working with cross functional teams and Group companies as determined by the Senior Compliance Manager or Head of Compliance.

Compliance:

  • Drafting new / updating existing underwriting authority templates for underwriters and completing the annual renewal process.

Financial Crime:

  • Where required working closely with the Financial Crime Team to help ensure Ascot remains compliant with all appropriate sanction and financial crime legislation.

Conduct & Complaints:

  • Where required working closely with the Conduct & Complaints Team to help ensure Ascot adheres to all relevant conduct risk and consumer duty requirements and continues to place needs of the customer at the heart of Ascot's business.

Other:

  • Attending regulatory and legislative change-related seminars, webinars, conferences, and market forums if and when required.

Culture:

  • Supporting the promotion and development of a culture of proactive compliance within Ascot.
  • Proactively engaging with the business to support and enable growth in a compliant manner across underwriting divisions.
  • Supporting the development of an open and cooperative relationship with Lloyd's, the PRA, the FCA, the BMA and other regulatory bodies.
  • Developing positive relationships with, and working closely with key stakeholders within the Function, with Legal, Risk, Delegated Authority, Ops, IT, senior underwriters, their teams and the business
Compliance Assistant at Ascot Group
Position posted 2 months ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
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