At a Glance
- Tasks: Manage third-party onboarding and ensure compliance with regulations.
- Company: Join a dynamic team focused on insurance distribution and regulatory excellence.
- Benefits: Enjoy flexible working options and opportunities for professional development.
- Why this job: Be part of a culture that values growth, teamwork, and making a real impact.
- Qualifications: No specific experience required; just a passion for compliance and oversight.
- Other info: Ideal for high school and college students looking to kickstart their career.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for someone to become an essential part of our team as a Divisional Oversight Officer.
Key Responsibilities:
- Oversight of the third party onboarding process - to include working with relationship owners to identify appropriate relationships, assisting with preparation of business cases and establishing documentation needs in conjunction with compliance.
- Working with colleagues in compliance ensuring that regulatory and product training is provided to all AR employees involved in insurance distribution activities and that minimum annual CPD requirements are met.
- Ongoing monitoring and management - to include adherence to Group policies, ownership of the programme of third party reviews assisting relationship owners where required, carrying out third party file checks, monitoring financial promotions, and offering ad-hoc guidance to the relationship owners.
- Oversight of complaints and other conduct MI received through, or about, an AR and conducting root cause analysis.
- Working with compliance and TPMSDD teams ensuring any terminations are conducted in an orderly manner.
- Collating and ratifying information for FCA returns, assisting with the Specialty Boards annual self-assessment of AR/IAR oversight arrangements and feeding into GRC reviews of policies and procedures.
Divisional Oversight Officer employer: pib Group Careers
Contact Detail:
pib Group Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Divisional Oversight Officer
✨Tip Number 1
Familiarise yourself with the regulatory landscape surrounding insurance distribution. Understanding the key regulations and compliance requirements will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance and compliance sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed oversight processes or compliance in previous roles. Being able to articulate your experience with third-party onboarding and monitoring will set you apart from other candidates.
✨Tip Number 4
Stay updated on the latest trends and challenges in the insurance industry. Showing that you are proactive about learning and adapting to changes will impress us and highlight your suitability for the Divisional Oversight Officer position.
We think you need these skills to ace Divisional Oversight Officer
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Divisional Oversight Officer position. Make note of the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience related to oversight, compliance, or third-party management. Use specific examples to demonstrate how your background aligns with the responsibilities outlined in the job description.
Showcase Your Skills: Make sure to highlight skills that are particularly relevant to the role, such as analytical abilities, attention to detail, and strong communication skills. Provide examples of how you've successfully used these skills in past roles.
Craft a Compelling Cover Letter: Write a personalised cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention why you want to work as a Divisional Oversight Officer and how you can contribute to their team.
How to prepare for a job interview at pib Group Careers
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Divisional Oversight Officer does. Familiarise yourself with the key responsibilities listed in the job description, such as third-party onboarding and compliance training. This will help you articulate how your skills align with their needs.
✨Prepare Relevant Examples
Think of specific instances from your past work experience that demonstrate your ability to manage oversight processes, handle compliance issues, or conduct root cause analysis. Be ready to share these examples during the interview to showcase your expertise.
✨Showcase Your Compliance Knowledge
Since the role involves working closely with compliance teams, brush up on relevant regulations and best practices in insurance distribution. Being able to discuss these topics confidently will show that you are well-prepared and knowledgeable about the industry.
✨Ask Insightful Questions
Prepare thoughtful questions to ask at the end of the interview. Inquire about the company's approach to third-party reviews or how they measure success in this role. This not only shows your interest but also helps you gauge if the company is the right fit for you.