This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.
Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way .
The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.
Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.
Job Purpose:
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:
Assisting the Compliance Manager with the following:
Compliance Framework:
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:
Horizon Scanning:
SM&CR framework:
Reporting and Governance:
LIC :
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:
Compliance:
Financial Crime:
Conduct & Complaints:
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.
Maintaining a proactive, positive, and open working relationship with the Compliance Team and the Function.
Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy . We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.
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