Risk & Compliance Associate (Insurance) London, England

Coalition

Full Time London, England 46000 - 83531 GBP ANNUAL Today

Job description

About Us

Founded in 2017, Coalition combines cybersecurity and insurance to help organizations prevent digital risk before it strikes. Coalition's Active Insurance policies combine traditional coverage with a digital risk assessment and monitoring technology to help small and medium-sized businesses protect themselves in today's hyper-connected world.

The team at Coalition is made up of cybersecurity and technology experts, as well insurance industry veterans. Our secret sauce is bringing this expertise together to create a world-class organization with a massive technological advantage. Coalition is also backed by leading global insurers like Allianz, Arch Insurance, Lloyd's of London, Swiss Re and Zurich North America. Today, Coalition is one of the world's largest commercial insurtech serving over 160,000 customers.

In June 2022, Coalition closed an additional $250 million in Series F Funding to accelerate its rapid growth at a time when many other companies struggled to find funding. This latest funding validated that Coalition is building a long-term business that can deliver profitable growth with a clear strategic advantage.

Coalition has experienced tremendous growth by helping organizations of all sizes solve real-world problems and by remaining true to our founding values of character, humility, responsibility, purpose, authenticity and inclusion. We are proud to have been named among Inc.'s Best Workplaces of 2021 and one of Fast Company's most innovative companies for 2022.

About The Role

We are looking for a Risk and Compliance Associate to join Coalition's Legal and Compliance Team to help assist UK operations. This role will ensure our company adheres to legal standards and our internal policies so that we can maintain a world-class insurance team in one of the world's largest commercial insurtechs. This role requires someone with strong communication skills and compliance and/or risk management experience in the insurance industry.

This job is to be performed remotely with the ability to travel to our London office occasionally.

Responsibilities

Support the maintenance, evaluation, and enhancement of our global risk and governance framework from a UK perspective.
Ensure company policies and procedures are effective, monitored, proportionate and adhere to applicable laws and regulations (in collaboration with external partners). e.g. IDD, GDPR & CPD
Drive our direct authorisation application with the FCA, including using the FCA Connect System, RMAR reporting and CASS requirements.
Monitor, analyse, evaluate and support communications to the appropriate audience, all regulatory developments relevant to company business, including regulatory reporting to FCA, Lloyd's of London and FOS in relation to general insurance activities.
Maintain our Risk Register, providing an appropriate challenge to risks, their assessments and controls, ensuring timely actions are taken to manage all risks to within appetite
Oversee regulatory breaches, complaints, data protection, financial crime, compliance training and all other relevant regulatory and legislative requirements.
Ad hoc project work in support of the UK team or the Legal/Compliance.

Skills and Qualifications

3-5 years prior work experience with an insurtech, insurance company, or other FCA-regulated entity (cyber insurance experience a plus).
Working knowledge of the UK regulatory and compliance environment, including Data Protection laws. European insurance experience and additional language (preferred).
Previous experience with the FCA's direct authorisation process (preferred).
Analytically focused, detail-oriented, with a growth mindset.
Experience working through the audit process and directly with regulators.
Experience in marketing, advertising and/or consumer protection a plus.
Ability to work effectively with business colleagues, clients, regulators, and outside counsel.
Nimble; ability to prioritise work without supervision and effectively manage a number of matters.
Happy to work in a fast-paced, challenging environment and willing to occasionally work off-hours to collaborate with a US-based legal/compliance team.

Why Coalition?

We're a highly fulfilling, mission-driven team who is committed to building a more diverse and inclusive culture. We want to work with people of all different backgrounds and paths in life, and we trust our team members to take responsibility, share ownership and put in the work, no matter how small the task. We are always looking for collaborative, inquisitive and dedicated individuals to join #OurCoalition and help us on our mission to solve digital risk.

Recent press releases:

To learn more, check out our featured press releases:

Coalition Closes $250 Million in Series F Funding, Valuing the Cyber Insurance Provider at $5 Billion
Coalition Named to Fast Company's Annual List of of the World's Most Innovative Companies for 2022
Coalition Launches Active Insurance, Reaches $650M Run Rate GWP
Coalition launches tech-powered executive risks products with personalized risk assessment for all US small-businesses

Coalition's very foundation is built on respecting and encouraging diversity and inclusion across the organization. Coalition is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

For CA residents, please view important privacy information here. For EU residents, you can view GDPR information here. For any questions regarding CCPA or GDPR, please contact us at [email protected].

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