Full-Time
Compliance Officer
Posted on 1/13/2025
Hartford Financial Services
10,001+ employees
Provider of insurance solutions and risk management
Senior
No H1B Sponsorship
London, UK
You match the following Hartford Financial Services's candidate preferences
Employers are more likely to interview you if you match these preferences:
- Strong communication skills
- Knowledge of FCA/PRA and Lloyd’s regulations essential
- Excellent organisation and planning skills, with ability to identify strategic priorities
- Strong influencing skills with ability to apply a commercial approach to assessing risk
- Strong Office skills, including Word, Excel, PowerPoint
- Ability to handle sensitive & confidential situations and information
- Support in production and delivery of the International Compliance priorities and planning
- Designing and maintaining the compliance suite of exception reports, thematic reviews and monitoring activities, providing timely information of these activities to the CRCO for reporting at relevant committees
- Assessing ongoing compliance with Lloyd's Regulatory and Financial Crime Principles, Lloyd’s Insurance Company’s Financial Crime Guide for Underwriters and the FCA’s Financial Crime Guide
- Working with the business to ensure Conduct requirements are met across the customer journey
- Working with the team to respond appropriately to complaints
- Undertake reviews of current and emerging regulatory developments, assess the impact on International via risk assessments and communicating requirements and actions to the business where relevant
- Creating and maintaining relevant compliance policies and procedures and embedding them within the business
- Designing and delivering compliance training, both e-learning and face-to-face to employees
- Build an effective relationship with The Hartford’s Economic Sanctions Compliance Team and oversee the delivery of the intra-group outsourcing agreement in respect of sanctions screening and sanctions query management
- Delivery of agreed actions resulting from regulatory visits and supervisory plans
- Collaborate with the business on initiatives, supporting them as the Compliance function SME
- Build key stakeholder relationships and collaborate with The Hartford Group Compliance function
- Key stakeholder management with the International business, establishing trusted relationships, understanding business strategic priorities in order to effectively partner with and support the International business
- Ensure effective collaboration between the Compliance function and other internal governance functions, including Legal, Risk and Internal Audit
- Lead on the production and submission of accurate and timely regulatory reports e.g., LIC quarterly financial crime report
- Provide timely responses to queries received from the International business
- Undertake ad-hoc activities and project work, where requested by the CRCO.
- Relevant experience in a similar role
- Knowledge of Lloyd’s regulations, processes and procedures
The Hartford provides a variety of insurance solutions for both businesses and individuals. It offers products such as property and casualty insurance, group benefits, and mutual funds. The company focuses on small to medium-sized businesses, creating customized insurance policies that address risks like liability, property damage, and workers' compensation. For individual clients, The Hartford provides personal insurance options, including auto and home insurance. The company generates revenue by underwriting insurance policies and collecting premiums, while also investing these premiums to earn additional income. What sets The Hartford apart from its competitors is its strong emphasis on customer service and its ability to tailor insurance solutions to meet the specific needs of its clients. The goal of The Hartford is to help clients effectively manage their risks and protect their assets.
Company Size
10,001+
Company Stage
N/A
Total Funding
$119.9M
Headquarters
Hartford, Connecticut
Founded
1810
Simplify's Take
What believers are saying
- Tracey Ant's appointment may drive growth in Middle & Large Commercial segments.
- Enhanced product offerings attract a broader range of business clients with customizable solutions.
- Digital transformation provides a competitive advantage in the small commercial insurance sector.
What critics are saying
- Increased competition from startups like Coterie offering flexible, tech-driven insurance solutions.
- Doug Elliot's retirement may lead to transitional challenges and strategic shifts.
- Focus on addiction training may divert resources from more profitable ventures.
What makes Hartford Financial Services unique
- The Hartford leads in digital capabilities for small commercial insurance, recognized for four years.
- Partnership with Yale enhances reputation in addressing opioid crisis through specialized training.
- Enhanced Property and General Liability products offer customizable, scalable solutions for businesses.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
Hybrid Work Options
Remote Work Options
Tuition Reimbursement
Company News
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COLUMBUS, Ohio, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Beam Benefits, the digitally-led employee benefits company, today announced that it raised $40 million, bringing the company's total funding to over $200 million and increasing its valuation by 25% since the company's Series E raise in early 2021 .The round was led by existing investor Georgian , with broad sponsorship from a combination of new, existing, and strategic partner investors.Beam is on track to grow its revenue 40% year-over-year with its expanded benefits portfolio and continued investment in new platform capabilities . Over the past 18 months, Beam has launched six new benefits products and plans to add more in-demand products in the future."Our most recent funding is an incredible accomplishment, especially in the face of today's economic headwinds, and marks a significant step forward in our company's aggressive growth plans," says Alex Frommeyer, Beam's Co-Founder and CEO.This announcement comes on the heels of other growth news for the company. Recently, The Hartford and Beam Benefits released news of a strategic relationship supporting product expansion efforts for both companies.Tens of thousands of employers across the country choose Beam due to its simple and smart approach to employee benefits. Its digital-first tools, such as the Beam Quoting Tool, cut down or eliminate paperwork entirely and can deliver a quote in under 30 seconds. Hundreds of thousands of members love Beam too – due to the ease and simplicity of use, its app carries a 4.7/5 average rating on the Apple App Store with over 1,300 ratings.The capital raised will be used to further propel Beam's growth, including investment in its digital platform, which makes it easier for brokers to quote, enroll, and manage a full suite of ancillary products for their SMB clients.About Beam BenefitsBeam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage
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HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has named Tracey Ant head of Middle & Large Commercial Business Units effective Jan. 1. In this newly created role, Ant will oversee all Middle & Large Commercial business units driving underwriting excellence across multiple industries including construction, large property, real estate, life sciences, technology, energy, and marine. She will continue to report to A. Morris “Mo” Tooker, Head of Middle & Large Commercial, Global Specialty and Sales & Distribution. “Tracey is a well-known and highly respected leader both internally and externally,” said Tooker. “Her steadfast commitment to growing talent and deeply caring about the experiences of agents and brokers is unparalleled. We’re confident that she will continue to advance our solutions for midsize and large businesses and drive our future growth strategy.”
HARTFORD, Conn.--(BUSINESS WIRE)--For the fourth consecutive year, The Hartford has ranked No. 1 for digital capabilities in Keynova Group’s 2022 Small Commercial Insurance Scorecard. This competitive benchmark study evaluates the top 10 small commercial insurance brands across four categories and tasks including functionality, ease of use, privacy and security, and support and access. “We are proud to be consistently recognized as the best in the industry for our small commercial digital capabilities,” said The Hartford’s President Doug Elliot. “Our team is relentless about delivering a customer experience that is easy, fast and reliable. We have a continuous improvement mindset and are always looking for ways to innovate and do more for our small business customers and agency partners.”
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HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford announced today Doug Elliot will retire as the company’s president effective Dec. 31, following more than 11 years with the company. “Doug was instrumental in expanding the company’s suite of products, developing industry-specific verticals within our property-casualty business and elevating our underwriting excellence,” said The Hartford’s Chairman and CEO Christopher Swift. “We sincerely thank Doug for his strong leadership and steadfast determination in transforming The Hartford over the past decade. The company is well positioned for profitable growth in the years ahead as we build on our momentum to best serve all stakeholders.”
The Hartford is launching enhanced versions of its proprietary Property Choice and General Liability Choice products to further serve the needs of its business customers across a broad range of industries and account sizes. The updated product offerings provide maximum flexibility setting limits, and terms and conditions, enabling a customizable solution, scalability, increased speed to market and less paperwork. Property Choice now includes more than 30 new, specialized coverage forms that broaden protections and close coverage gaps. Many of these are specific to target industries covering exposures unique to those industries and allow businesses to only pay for coverages they need
CAPE Analytics, which provides instant property intelligence for buildings across the US and Canada, is to offer geospatial intelligence to US-based investment and insurance company The Hartford.
Cushing comes to Zurich from The Hartford, where he most recently was Head of Construction for Middle & Large Commercial.
The Travelers Companies, Inc. was awarded a Silver level 2020-21 U.S. President’s Volunteer Service Award and The Hartford received a Bronze level award, presented at a virtual awards ceremony earlier this month.
AXA UK has announced the appointment of Dean Witherington as retail claims director, effective April 2022.
The Hartford has been named one of the World’s Most Ethical Companies® for the 13th time, as designated by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
The Hartford, a leading provider of employee benefits and absence management, has introduced a new critical illness insurance¹ product that is designed to cover more health conditions and provide a wider range of benefits based on the severity of an individual’s diagnosis.
That's why Columbus is proud to partner with The Hartford on this new initiative."
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Funding is critical for most startups to survive, especially in the current turbulent environment. The global pandemic, while compelling several big companies to go for cost-cutting, has forced many small and new businesses to shut shop. Investor sentiment is also at an all-time low with several countries in the throes of a recession and the global economy continuing to be on a downward trajectory.
Ohio-based Coterie, a startup working on in the commercial insurance space, has announced today it has raised $8.5 million Series A. The company had previously raised a little over $3 million in early investments, bringing its equity capital raised to nearly $12 million to date; the firm also told TechCrunch that it has raised $2.5 million in available venture debt as part of its current round.