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- Tasks: You'll tackle compliance, conduct risk, and financial crime matters daily.
- Company: Join a leading insurance firm in the heart of London.
- Benefits: Enjoy training support, career growth, and a dynamic work environment.
- Why this job: Make a real impact in compliance while learning from industry experts.
- Qualifications: Must have 2+ years in a compliance role within insurance and knowledge of Consumer Duty.
- Other info: Opportunity for hands-on experience with senior leadership.
The predicted salary is between 36000 - 60000 £ per year.
In this role, you will work on a wide range of compliance, conduct risk and financial crime matters. Reporting into the Head of Compliance, you will:
- Take responsibility for consumer duty requirements and queries from MGAs and internally, ensuring regulatory obligations are met.
- Collate, analyse and present Risk and Compliance MI received from MGAs on a monthly basis.
- Collate risk metrics from 1st line business areas for risk monitoring and for reporting to Exco and Board.
- Assist with full due diligence undertaken in the onboarding of new MGAs.
- Collate MI for regulatory returns.
The Head of Compliance will provide you with support and training on areas you are unfamiliar with, but it is essential that you have an understanding of Consumer Duty and how it relates to an insurance business. You will need at least two years experience of working in a compliance role for an insurance organisation.
Compliance Analyst in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Analyst in City of London
✨Tip Number 1
Familiarise yourself with the latest regulations and guidelines related to Consumer Duty in the insurance sector. This will not only help you understand the role better but also demonstrate your commitment and knowledge during any discussions with us.
✨Tip Number 2
Network with professionals in the compliance field, especially those who have experience in insurance. Engaging in conversations can provide insights into the role and may even lead to referrals or recommendations for your application.
✨Tip Number 3
Stay updated on current trends and challenges in compliance and financial crime within the insurance industry. Being well-informed will allow you to contribute meaningfully to discussions and show that you are proactive about your professional development.
✨Tip Number 4
Prepare to discuss specific examples from your previous compliance roles that highlight your analytical skills and ability to handle risk metrics. This will help you stand out as a candidate who can effectively manage the responsibilities outlined in the job description.
We think you need these skills to ace Compliance Analyst in City of London
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Analyst. Familiarise yourself with consumer duty requirements and how they apply to the insurance sector.
Tailor Your CV: Highlight your relevant experience in compliance roles, especially within the insurance industry. Emphasise any specific projects or tasks that relate to consumer duty and risk management.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in this position and how your background aligns with the company's needs. Mention your understanding of compliance matters and your ability to analyse and present data effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is crucial in a compliance role.
How to prepare for a job interview at High Finance (UK) Limited
✨Understand Consumer Duty
Make sure you have a solid grasp of Consumer Duty and its implications for the insurance sector. Be prepared to discuss how it affects compliance and risk management, as this will likely be a key focus during your interview.
✨Showcase Your Analytical Skills
Since the role involves collating and analysing Risk and Compliance MI, be ready to provide examples of how you've successfully handled data analysis in your previous roles. Highlight any tools or methodologies you used to present your findings.
✨Demonstrate Your Experience
With at least two years of experience required, come prepared to discuss specific compliance challenges you've faced in the insurance industry. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compliance framework and how they handle conduct risk and financial crime matters. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
