International Regulatory Development Associate

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.

Lloyd’s are seeking to recruit an Associate within the International Regulatory Development Team. As part of the team, support the Lloyd’s Global Network with the development, enhancement & defence of Lloyd’s licences and trading rights globally, whilst achieving international compliance.

The Corporation does not control direct compliance of the Lloyd’s market with international regulations.  Rather, it sets principles for the market’s compliance controls and gives guidance on regulations.  As such, IRA does not control the Lloyd’s market’s international regulatory compliance but works collaboratively with the market to support Lloyd’s Principles.

The role of International Regulatory Development Associate 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.

Principal Accountabilities

• As part of the team, identify and 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, responses to consultations and communications to the market

• Manage regular country calls including agendas and taking call notes

• Maintain Lloyd’s regulatory compliance tools (e.g. Crystal) updated

• Support Lloyd’s response to any non-compliance with international regulations, protecting Lloyd’s brand and licences, and mitigating the threat of financial loss or penalties

Skills required of the International Regulatory Development Associate

• Ability to work as part of a professional team

• Stakeholder management, influencing & negotiating skills

• Ability to think strategically as well as focus on the detail

• Effective communication and drafting skills (i.e. drafting and reviewing regulatory submissions, communications to the market, papers and briefings)

Knowledge required of the International Regulatory Development Associate

• Knowledge of legal principles and their application in a commercial environment advantageous

• Knowledge of international regulatory environment, regimes and requirements advantageous

• Insurance market knowledge including Lloyd’s, London Market & International Markets advantageous

• Knowledge of corporate governance principles and structures advantageous

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 means we 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.

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 over and 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 holiday or 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.

NO AGENCIES PLEASE

JOB REF: AWDO-P12202

This job is being advertised by AWD online on behalf of Lloyd’s

International Regulatory Development Associate Jobs | Insurance | Reinsurance | Lloyd’s | London Market | International Market | Corporate Governance

AWD-IN-SPJ