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- Tasks: Support the Compliance team with daily tasks and compliance monitoring across various business sectors.
- Company: Join HDI, a global insurer with over 120 years of experience and a diverse workforce.
- Benefits: Enjoy a collaborative work environment with opportunities for training and professional growth.
- Why this job: Be part of a team ensuring compliance and making a real impact in the insurance industry.
- Qualifications: Several years of experience in UK Compliance functions, preferably in General Insurance.
- Other info: We value diversity and are committed to creating an inclusive workplace.
The predicted salary is between 36000 - 60000 £ per year.
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
- Support the Compliance team in the delivery of functional strategic plans by handling key day-to-day tasks essential to the operation of the Compliance function. A key area of this role will be in the area of Compliance monitoring across a diverse spectrum of corporate and specialty classes of business for 3 legal entities in the UK and 4 branch offices, one of which is based in Ireland.
- Helping to ensure that all activities undertaken by the business are conducted in a compliant manner and in accordance with the FCA, PRA and Central Bank of Ireland.
- Updating and communicating all policies, standards of conduct and procedures to the business; and helping to organise training where necessary.
- Assisting with the effective functioning of the Compliance Team, ensuring adherence to internal and external deadlines and meeting our regulatory obligations.
- Researching and understanding changes in legislation, how they would affect the business, and communicating changes to the business.
- Responsible for supporting the Compliance team in ensuring that all activities performed by HDI Global UK & Ireland – particularly Compliance monitoring – are conducted in accordance with relevant regulations and in accordance with HDI UK & Ireland’s (and its parent HDI Global SE) internal standards and controls.
Key accountabilities
- Compliance monitoring across underwriting and support function activities to ensure proper compliance with relevant processes and controls.
- Monitor the dedicated Compliance Inboxes to assess and distribute emails to other team members as appropriate.
- Help coordinate the annual Conflicts of Interest declarations.
- Breaches Reporting: Work with the team to log all Breach reporting to a single location (and ongoing maintenance of the central Breach Log) and to assist in maintaining the Breach Log. To log Incidents reported and escalate these to the Compliance Officer. Categories may include:
- Regulatory breaches.
- Breaches of HDI UK/Ireland requirements – internal and external.
- Breaches of FCA Conduct Rules.
Skills & experience
- Several years proven experience working in UK Compliance functions.
- Experience within the General Insurance sector (preferred).
- Some experience of dealing with relevant regulatory bodies (e.g. FCA, Financial Ombudsman Service or overseas Ombudsman services).
- Able to interpret, understand and apply all relevant regulations.
Other
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
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Compliance Analyst employer: HDI
Contact Detail:
HDI Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Analyst
✨Tip Number 1
Familiarize yourself with the specific regulations and compliance standards relevant to the UK insurance sector, especially those set by the FCA and PRA. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the compliance field, particularly those who have experience in the General Insurance sector. Engaging with industry groups or attending relevant seminars can provide valuable insights and connections that may lead to job opportunities.
✨Tip Number 3
Stay updated on recent changes in legislation that impact compliance in the insurance industry. Being able to discuss these changes and their implications during your interview will showcase your proactive approach and dedication to the field.
✨Tip Number 4
Prepare to discuss your experience with compliance monitoring and breach reporting in detail. Highlight specific examples from your past roles where you successfully managed compliance tasks, as this will illustrate your capability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Compliance Analyst
Some tips for your application 🫡
Understand the Role: Make sure you thoroughly understand the responsibilities and requirements of the Compliance Analyst position at HDI. Tailor your application to highlight your relevant experience in compliance monitoring and regulatory adherence.
Highlight Relevant Experience: In your CV and cover letter, emphasize your several years of proven experience in UK Compliance functions, particularly within the General Insurance sector. Mention any specific interactions with regulatory bodies like the FCA.
Showcase Your Skills: Clearly outline your skills related to interpreting and applying regulations. Provide examples of how you've successfully managed compliance tasks or projects in previous roles.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses how your background aligns with HDI's mission and values. Discuss your commitment to creating an inclusive environment and how you can contribute to the Compliance team.
How to prepare for a job interview at HDI
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the relevant regulations, especially those from the FCA and PRA. Be prepared to discuss how these regulations impact compliance monitoring and the insurance sector.
✨Showcase Your Compliance Experience
Highlight your previous experience in UK Compliance functions, particularly within the General Insurance sector. Be ready to provide specific examples of how you've handled compliance tasks or dealt with regulatory bodies.
✨Demonstrate Attention to Detail
Compliance roles require meticulous attention to detail. Prepare to discuss how you ensure accuracy in monitoring compliance processes and managing breach logs. Consider sharing examples of how you've successfully managed similar tasks in the past.
✨Communicate Effectively
Since the role involves updating policies and conducting training, practice articulating complex compliance concepts clearly and concisely. Be ready to explain how you would communicate changes in legislation to the business effectively.
