Compliance Officer

Compliance Officer - Hybrid/Remote - Financial Services/Insurance £40-45,000 per annum

Company Overview

A well-established Insurance company and trusted business partner are looking to recruit a Compliance Officer role within their compliance and risk team. This is fantastic opportunity to join a collaborative and friendly business.

PURPOSE OF THE JOB:

To support the Head of Compliance in ensuring the organisation and related entities conform with regulatory requirements and internal policies.

The Compliance Officer will assist the wider Risk and Compliance team in helping the business understand and meet its compliance obligations, and in championing and embedding a culture of good conduct.

This role is ideal for someone with a basic knowledge of regulatory compliance seeking to develop a broad understanding of requirements for a dual-regulated insurer.

It offers exposure to a range compliance activities that span the Society - and the opportunity to learn and develop expertise in FCA and PRA requirements including conduct, financial crime, data protection and SM&CR.

The role will also support the wider Risk and Compliance function, especially with the onboarding and monitoring of intermediaries.

PRINCIPAL ACCOUNTABILITIES:

Compliance Monitoring

Support the Head of Compliance, via compliance monitoring and other methods, in ensuring that the organisation has in place, adheres to and operates appropriate systems, controls, policies, procedures, processes and training relevant to its business and risk profile.

Regulatory change & advice

• Collaborate with the Head of Compliance and business areas to identify, assess and communicate the occurrence and impact of regulatory and legislative changes and work with the business on implementation.

• Maintain a regulatory change log and assist with gap analyses for business change such as product developments and new products.

• To provide compliance support and sign-off of relevant communications, literature as required.

• Provide advisory and project support to areas of the business as required. MI & Reporting

• Record and analyse compliance MI to identify areas of potential regulatory concern, including indicators of poor consumer outcomes.

• Prepare Compliance MI and reports for management forums and committees.

• Support the Head of Compliance in meeting the organisations regulatory reporting obligations.

Other

• Support with the organisations intermediary onboarding and risk management as required.

• Review and investigate alerts from the organisations financial crime systems.

• Operate, review and update Compliance processes as required.

KNOWLEDGE, SKILLS AND ABILITIES:

• Experience of working within compliance in the financial services sector.

• Ability to interpret legal or regulatory requirements and embed them into business processes.

• Strong analytical, organisational, and problem-solving skills.

• Excellent written and verbal communication skills

QUALIFICATIONS (Desirable):

• Achieved or working towards a relevant compliance-related qualification from an appropriate accredited body, i.e. the CII or CISI The above job description is a guide to the work you may be required to undertake but does