Associate, International Regulatory Development

7 days ago

City of London, United Kingdom Lloyds of London Full time
Lloyd's is the world's leading insurance and reinsurance marketplace.

We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

Our shared values:

we are brave; we are stronger together; we do the right thing; guide what we do and how we act.

If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's -build a braver future with us.


Role Purpose


To support the delivery of Lloyd's international regulatory development activities, to maintain and enhance Lloyd's licences and trading rights globally and to support the Lloyd's Global Network with their regulatory and compliance operations.


Principal Accountabilities

  • Identify, respond to regulatory developments, threats and opportunities to Lloyd's Support regulatory workstreams and projects. Identify possible options to resolve complex issues where precedent may not exist
  • Work with the Lloyd's Global Network to support Lloyd's relationships and credibility with international regulators, including supporting international representatives in their communications with regulators
  • Draft briefings and responses to consultations. Draft communications to the market.
  • Manage allocated country calls including agendas taking and call notes.
  • Review of country content on Crystal (our trading rights compliance tool) for use by the market
  • Provide regulatory input to projects/initiatives that impact on Lloyd's global business
  • Support Lloyd's response to any noncompliance with international regulations, protecting Lloyd's brand and licences, and mitigating the threat of financial loss or penalties

Management of Risk

  • The Corporation does not control the direct compliance of the Lloyd's market with regulation or financial crime and sanctions. Rather, it sets principles for the market's compliance controls and gives guidance on regulations. As such IRA does not controlthe Lloyd's market's international regulatory compliance but works collaboratively with the market to support Lloyd's Principles
  • The role holder is to work collaboratively with the Markets division, both with teams in London and our overseas offices, and any regional regulatory & compliance managers in the support of providing input and guidance

Skills

  • Ability to motivate self, in line with guidance and direction provided by line manager, working collaboratively as part of a professional team
  • Ability to interpret regulation and legal advice & take appropriate practical actions
  • Ability to handle a diverse range of priorities and tasks in parallel. Analytical skills, problem solving and reasoned thinking
  • Ability to identify and build relationships with internal and external stakeholders
  • Clear and concise communication skills (verbal and written)
  • Attention to detail

Knowledge

  • International regulatory environment, regimes and requirements

Experience

  • Legal, regulatory analysis
  • Stakeholder management


Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in.

One where everyone is treated with dignity and respect to achieve their full potential.

In practice, this meanswe are positive and inclusive about making workplace adjustments,?we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.

You can read more about diversity and inclusion on our website.


We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.? Flexible working forms part of a total reward approach which offers a host of other benefits overand above the standard offering (generous pension, healthcare, wellbeing etc).? These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holidayor to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.


By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

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