Compliance Assistant
Ascot GroupLondon, England, United Kingdom
Added 5 Aug · still live
Not disclosed
Salary
Not disclosed by employer
£41,700
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
Our predicted code SOC 3549 (80% match) is an eligible occupation, with a going rate of £41,700, and Ascot Group is a licensed sponsor. That is our reading of the published rules. Whether they issue a Certificate of Sponsorship is still their call.
About the role
Job Description
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
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
Compliance Framework
- Confirming systems and controls are in place to ensure Ascot’s operations in the UK, Bermuda and Guernsey are compliant with the regulations or requirements from:
- Lloyd’s of London (“Lloyd’s”);
- Lloyd’s Insurance Company (“LIC”);
- The Prudential Regulatory Authority (“PRA”);
- The Financial Conduct Authority (“FCA”);
- The Bermudan Monetary Authority (“BMA”);
- Guernsey Financial Services Commission (“GFSC”); and
- Other regulators’ requirements.
- 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.
- 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.
- Assisting with Compliance Monitoring, providing assurance and ongoing reporting of key compliance and business risks on a range of issues including:
- New broker applications and adherence to credit limits;
- Licensing restrictions and international trading requirements;
- Underwriting authority control and monitoring framework; and
- Contributing to Horizon Scanning activities with support from the wider Compliance Team, including:
- Completing horizon scanning logs and related reports;
- Assisting with gap and impact analysis; and
- Working with the Function to implement new regulations and requirements in a timely, effective and pragmatic manner.
- Assisting with carrying out the requirements under SM&CR regulations including:
- Drafting and maintaining Ascot’s SM&CR framework;
- Maintaining updates to the Management Responsibilities Map; and
- Assisting with handling applications to Lloyd’s, the PRA and the FCA, as required.
- Assisting with drafting appropriate Board, Committee or other governance papers for:
- Compliance Team Meetings
- AUL Board;
- AUL Risk Committee;
- AUL Executive Committee; or
- ABL Executive Committee
- Any other Board, Committee, governance bodies or meetings as required.
- Ensuring LIC’s Operating Modelis complied with, including:
- Supporting the LIC RD to carry out a monthly file review of LIC risks to monitor if the underwriters comply with the requirements of the LIC Underwriting playbook;
- Notifying and recording underwriting and process breaches; and
- Working closely with the Underwriting Teams, Secondees and non-secondees to undertake any remediation activities.
- 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.
- 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.
- Provide support and input on Compliance projects working with cross functional teams and Group companies as determined by the Senior Compliance Manager or Head of Compliance.
- Drafting new / updating existing underwriting authority templates for underwriters and completing the annual renewal process.
- Where required working closely with the Financial Crime Team to help ensure Ascot remains compliant with all appropriate sanction and financial crime legislation.
- Where required working closely with the Conduct & Complaints Team to help ensure Ascot adheres to all relevant conduct risk and consumer duty requirements and continues to place needs of the customer at the heart of Ascot’s business.
- Attending regulatory and legislative change-related seminars, webinars, conferences, and market forums if and when required.
- Supporting the promotion and development of a culture of proactive compliance within Ascot.
This description is the source posting as it read when we added it. We are not affiliated with Ascot Group, so check their own site for the current details.
Where this offer sits in the market
SOC 3549 · UK · ONS ASHE 2025 · ~82k in sampleP25 £28kP75 £46k
£25kmedian £35kgoing rate £42k£46k
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About sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Ascot Group holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 3549 going rate of £41,700. New-entrant and shortage discounts can lower it.