Overview

To support, and occasionally lead, risk-based Compliance Monitoring reviews across Marsh Ltd. To provide independent assurance to the Audit Committee and local management regarding the operation of regulatory controls.

Main Responsibilities:

Management of Compliance Monitoring Reviews

  • Has a complete understanding of the processes and competencies required to complete a Compliance Monitoring review
  • Takes direction during complex reviews and leads less complex reviews, taking responsibility for the review to ensure that they are delivered to the expected quality within the agreed time-frame with only minimal oversight
  • Clarifies roles and responsibilities with the review sponsor and agrees review scope, timetable for implementation and approach for less-complex reviews
  • Plans effectively to ensure Monitoring reviews are delivered within the agreed timetable
  • Makes constructive proposals to improve the effectiveness of the Compliance Monitoring review process

Reporting

  • Prepares Monitoring reports to specified standards including format, style and timeliness with the need for only minimal changes
  • Achieves buy-in and agreement from the sponsor and implementation of report items

Communication

  • Liaises with business areas to identify risks and plan/design monitoring assessments in less complex reviews
  • Demonstrates networking skills and the ability to build effective working relationships with a range of stakeholders
  • Possesses and demonstrates influencing, persuasion and negotiating skills to ensure that management actions resulting from reviews are acted upon
  • Reports to management on progress versus plan, status of outstanding monitoring issues and breach resolution
  • Presents with confidence to business-area contacts

Client Satisfaction

  • Assists in producing Monitoring reviews that help to improve the control environment and are perceived by the business area as adding value
  • Builds good relationships with colleagues throughout Marsh•

Demonstrates Industry Expertise

  • Understands the business areas of Marsh
  • Strong technical skills

Demonstrates Personal Drive

  • Invests personally in specific goals
  • Demonstrates initiative
  • Responds resiliently to uncertainty or failure

Qualifications

Skills & experience required:

  • Proven experience of operating in a Compliance department in the UK regulatory environment with monitoring experience
  • Commercial awareness and focus on the application of regulation within the insurance broking industry
  • Strong written and oral communication skills
  • Analytical, problem solving and project management skills
  • Broad knowledge of relevant legislation and regulations
  • Broad knowledge and understanding of insurance principles, products and services
  • University Degree or recognised industry accreditation
  • Influencing skills in order to obtain ‘buy-in’ to review findings
  • Potential to build strong and constructive relationships with colleagues
  • Planning and organising skills
  • Positioning, conflict management and closing skills

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