Compliance Analyst, Finance & Banking

The Compliance Analyst will play an integral role in the management of LSM’s compliance risks. The individual will work within LSM’s Compliance function and will support the Head of Compliance, members of the Compliance team as well as wider business on various compliance matters.

Vision:
To help people to make effective risk based, disciplined decisions doing the right thing.

The LSM Compliance Function is a key part of LSM's internal control framework predominantly within the second line of defence, responsible for :

• Providing advice to the LSM governing bodies on compliance with applicable laws and regulations, and providing advice to the business, for example in the form of policies and procedures or written updates, in relation to applicable laws and regulations;
• Assessing the possible impact of any regulatory development on the operations of the business and working with the business with regard to compliance;
• The identification and assessment of compliance risk, and the development and oversight of an appropriate framework to ensure the management of compliance risk;
• Such a framework will include assessing the adequacy of the measures adopted by the business to prevent non-compliance including monitoring to ensure these procedures are being adhered to;
• Ensuring that LSM’s Compliance Strategy is in line with its broader strategic objectives.
• Working closely with Liberty Mutual Group Compliance & Ethics to ensure that the LSM compliance framework is consistent with the framework in place for the Liberty Mutual Group;
• Reporting to the LSM governing bodies in relation to the management of compliance risk including the provision of all relevant management information to allow key decision making to be undertaken;
• For a number of compliance and conduct processes, act as the point of contact for the business for all reporting;
• Working with HR, develop and implement relevant and timely compliance education and training to all LSM colleagues.

• Working as a member of the LSM Compliance Function’s Advisory and Assurance Pillar in undertaking its responsibilities outlined above.
• The Compliance Analyst will contribute to the delivery of an effective compliance monitoring program (included within the Compliance Plan) across LSM businesses and locations including undertaking day-to-day monitoring activities.
• Undertake analysis and interpretation of regulatory requirements, expectations and good market practice as part of formulating and providing advice to the business on regulatory and compliance matters.
• Work closely with the Compliance team and other relevant stakeholders to contribute to change projects in line with agreed deadlines, escalating issues promptly.
• Take ownership for tasks and actions as part of the Compliance regulatory reporting working group and management of general queries received from the business.
• Participating in the delivery of an effective LSM compliance training program
• Provide concise accurate status updates to the Head of Compliance Assurance & Advisory on a regular basis for relevant tasks and initiatives.
• Collaborate effectively with the wider Compliance Pillars to deliver one efficient compliance function to the wider business.
• Managing enquiries to the Advisory and Assurance team inbox accurately and efficiently in line with agreed SLAs.
• Contributing to various team working groups, owning allocated actions and ensuring these are completed within agreed timescales.
• Maintaining all allocated Advisory and Assurance documentation to the appropriate standard, ensuring this is accurate, up to date, correctly stored and regularly reviewed.
• Where required support colleagues and Compliance Management in the oversight and assurance of the wider Compliance Pillars’ frameworks and associated procedures.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities…