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Compliance Officer (Insurance)

The details


Job Title: Compliance Officer
Salary: £50,000 - £60,000
Location: London/Remote
In this Job, you will assist the Compliance Manager in providing support to the business and the Risk and Compliance function in order to achieve its objectives, including:

·         To assist in developing a strategic approach to risk and compliance  
·         To ensure that the function is effective in delivering appropriate advice, guidance and challenge to the business in ensuring risks and regulatory requirements are met.
·         To be a trusted advisor to the business to help achieve good customer outcomes and positive regulatory relations.
·         Working with the business to ensure that all regulatory, operational and conduct risks that impact the segment have been identified, assessed and have appropriate controls that are appropriately monitored.
·         To provide effective and efficient risk and compliance support whilst facilitating a good working knowledge of regulatory risk requirements within the business, through clear communication and training.
·         To ensure that there is on-going assurance of and adherence to relevant Group Policies and Business Standards.

 Job Description:
·         Support the Compliance Manager to deliver the functions key objectives.
·         Provide the business support to understand and adopt regulatory change requirements, provide advice, guidance and challenge in the application of regulatory requirements.
·         Oversee and control recording and monitoring of:
§  Complaints
§  Conflicts of Interest
§  TCF and Conduct Risk
§  Gifts and Hospitality
§  Financial Promotions
§  Horizon Scanning
§  Errors & Omissions
§  Risk Events and Breaches
·         Support the business in the review of Non-Disclosure Agreements, Service Level Agreements or other legal agreements.
·         Support the Financial Crime lead on Sanctions referrals and ad hoc Sanctions queries.
·         Take a lead role in supporting the business in reviewing and recording of Terms of Business Agreements.
·         Manage and prepare regulatory submissions.
·         Assist the Overseas Office lead to manage, prepare and monitor overseas licensing application and submissions.
·         Support the segment Compliance Manager to ensure the firm has appropriate second line oversight of business practices/processes that are intended to ensure our operations are compliant at all levels.
·         Support the function in liaising with Group Internal Audit, Group Compliance Monitoring and External Auditors to provide relevant requested information and manage any resulting actions points identified by reviews undertaken.
·         Assist the Segment Risk and Compliance Director with the provision of information and updates to be included within Board packs and/or discussion papers and support the function for segment or Group committees as required.
·         Assist the function in ensuring the segment policies and procedures are reviewed and updated at least annually.
·         Assisting the Segment Risk and Compliance Director in segment and Group regulatory change projects as and when required, including annual reviews of integrated regulatory change.

Person Specification:

·         High level of knowledge of working in a regulated Insurance environment.
·         Strong organisational skills and attention to detail.
·         Strong written and oral communication skills.
·         Initiative, proactive, enquiring approach, resourceful.
·         Adaptability, ability to embrace and respond positively to change.
·         Analytical and investigative skills, logical reasoning and problem-solving skills – individually and collaboratively.
·         Ability to work under pressure.
·         Ability to quickly learn and work with new processes and systems. 
·         Ability to train others on concepts, systems and processes.

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