Associate, International Regulatory Development
London, UK
1d ago

About Us

Lloyd’s is the world’s leading insurance and reinsurance marketplace. Yet the world is changing, and Lloyd’s is changing too nimbler, faster, and able to offer customers and employees more products, services and insights supported by technology, innovation and the continuing desire to protect people, businesses and communities.

Lloyd’s is where you can bring your future to life.

The Role

  • The International Regulatory Affairs (IRA) department plays a vital role in protecting and developing Lloyd’s trading rights, providing thought leadership in the international regulatory environment, sustaining Lloyd’s relationships and credibility with international regulators, setting standards for the Lloyd’s market as a compliant and ethical (re)insurer and protecting Lloyd’s Brand and reputation.
  • The role of the International Regulatory Development (IRD) team is to manage regulatory communications and dialogue, lobbying for maintenance or improvement of Lloyd’s trading rights (including negotiation of new licences), and monitoring and responding to legislative and regulatory developments
  • Responsibilities

  • Support International Operational Model : In collaboration with other IRA functions, support regulatory projects / initiatives that impact on Lloyd’s global business
  • Defend Licences / trading rights : Monitor and respond to regulatory change to maintain Lloyd’s trading rights. Support regulatory projects / initiatives that have impact on Lloyd’s global business
  • Develop New Licences / trading rights : support regulatory negotiations to enhance Lloyd’s trading rights
  • International Regulatory Relations : Maintain and support Lloyd’s relationships and credibility with international regulators and support international representatives in their communications with regulators.
  • Support the development of Lloyd’s regulatory messages and media

  • International Compliance Guidance : Support the International Trading Advice team to deliver guidance to the Lloyd’s market on international regulatory requirements.
  • Support communication and appropriate consultation on regulatory developments with Lloyd’s market and broader industry stakeholders

  • Key stakeholder relationship management : support the management of relationships between IRA and key stakeholders, including regulators, market associations and participants, key service-providers, international offices and Corporation departments
  • Non-compliance regulatory case work : lead the international regulatory non-compliance case work process to minimise regulatory risk
  • Skills

  • Influencing skills
  • Stakeholder management and effective networking skills
  • Ability to work through complex business and regulatory issues; problem solving skills
  • Ability to work in a multi-cultural environment and as part of a team
  • Written and oral communication skills - an ability to effectively communicate complex and technical information to diverse stakeholders
  • Ability to handle a diverse range of priorities parallel, effectively dealing with ambiguity
  • Ability to cope with change in a positive and constructive manner
  • Ability to remain calm under pressure and handle difficult situations with tact and diplomacy
  • Knowledge and experience

  • Experience in financial services or another highly regulated environment desirable
  • Knowledge of the insurance market - especially relating to Lloyd’s, the London Market or International Markets - an advantage
  • Knowledge of legal principles and their application in a commercial environment an advantage
  • Language skills not necessary, but an advantage
  • As the successful candidate, you can expect to be rewarded with a competitive salary, and an enviable range of benefits.

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